Thanks for the heads up!josi wrote: Tue Feb 02, 2021 6:19 pm
It was suggested for upgrade by RomanUkraine and MrTools did two versions:
viewtopic.php?p=1295421446#p1295421446
viewtopic.php?p=1295421446#p1295421446
viewtopic.php?p=1295421877#p1295421877
Hope you keep me updated about your approach with HAdelta
There is a whole thread on volatility quality indicators here:
viewtopic.php?f=579496&t=8437913
(Mladen himself has done a few)
As to its functioning just google it.
PS: False signals really abound - using 6-3 (but also others)
another interesting filter could be a "simple" EMA 9 which I borrowed from Xard's approach.
HAdelta says down (+ divergence d) but price goes up after touching EMA 9.
As I already said: the problem isn't the indicator itself but the signal-line.
So - from my point of view - you'd be better served if you asked MrTools to add a slope change function to your outer indicator line (for example blue when up, red when down - the signal would improve considerably and at the same time you could work with above vs below zero for uptrend vs downtrend)
Yeah, false signals happen but I believe a 55% winrate give or take, as long as it remains constant through longer periods and multiple forex pairs, with a 1:1,5 risk:reward seems pretty decent to me.
The problem, when filtering, is ending up filtering more good trades than bad ones.
But I do like the the option of colour change on slope, it does give some signals 1 candle earlier on default settings. It would be nice to check if that candle does make a difference. Maybe a filter here would work nicely when using higher periods rather than the 6,3 defaults.
MrTools would you be able to incorporate such option (colour change on slope up & down + the option to add arrows to the chart when the slope change takes place)?
Best regards
