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Re: MT4 Indicator requests and ideas

Jimmy, Fri Nov 29, 2019 8:50 am

mrtools wrote:
Wed Nov 27, 2019 12:23 pm
This is the step version, also fixed the alerts and mtf which had some issues.
Many thanks Mrtools for this optimization and making it user-friendly :)

Some interesting combinations can be found using Mladen's guide on "depth" adjustment.

As mentioned by Mladen:
NEMA indicator - that calculates depth (offspring) of EMA of arbitrary "depth".

Nema can calculate all the known variations (offspring) of EMA : EMA, DEMA, TEMA, ... DecEMA, ... and so on, up to "levels" or "depth" 50 (whatever name it would be)

Some known depths :

1 -> EMA
2 -> DEMA
3 -> TEMA
10 -> DecEMA
50 -> the maximal depth calculated by this indicator

In the Daily Downloads example I am using two instances (stacked) of this indicator with a depth setting of 1 and 3. The MTF is set to Daily (I like long term position trades) and entries can be made on the 4H chart. Check it out!

Here is the MT4 template if you'd like to try these settings too:
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