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Re: Adaptive Indicators for MT4

IanN, Thu Jul 30, 2020 5:07 am

mrtools wrote: Tue Sep 24, 2019 5:58 am This is a phase accumulation adaptive double smoothed ema with a choice of quantile level or floating level bands and with a choice of macd coloring from slope,to middle band crossing or outer level crossing.
Hi Guys,

I joined earlier this year having been lurking for some time. The thing I like most about this site is the wonderful sharing of knowledge and tools which you don't get with other sites. I have mostly coded my own indicators over the past few years but looking at some of those on here, WOW!!

I recently downloaded the above indicator and I'm having trouble with it and wonder if someone could help me. I am sure it is my misunderstanding of how to use this indicator but at the moment I am using the "Colour change on slope change" setting.
When a new bar appears I look at bars 1 and 2 and if they are a different colour then that signals a possible trade signal. I'm using my own indicator and calling this indicator using iCustom. The index I am retrieving is Index 4 (Value 5 in MT4 data window) and if this is EMPTY_VALUE I take it to be a Down slope and if it has any other value then that is assumed to be an Up slope.

I'm probably misunderstanding the indicator but can one of the experts on here explain something I have noticed. On a one minute chart today, the bar at 8:48 on AUDCAD (my broker is ActivTrades) showed Value 5 to be empty when it closed but when the bar at 8:49 closed, the bar at 08:48 showed it to have a value in [Edit - Index 4] Index 4/ Value 5. Is that a repaint (as the bar had closed and this is not shown as a MTF indicator) or am I misunderstanding the nature of the 'adaptive' indicators.

Edit: Extra bit. I wrote an indicator to call this indicator (see attached). It runs for 60 bars (I used it on the one minute time frame) and records the indexes that are used in the iCustom calls (see input parameters). In one hour, there were two bars that repainted. The results of the one minute time frame run are in the attached Excel spreadsheet: I'd really appreciate some help or an explanation of how I should be using this indicator. Many thanks.

By the way, is it possible to add IndicatorDigits(Digits) to the code to show all decimal places in the Data Window. Thanks.

Regards

Ian N.
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