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Re: Already Converted TradingView Indicators to MT4 Indicators

Banzai, Sat Jul 18, 2020 4:45 pm

Action Locator V2

https://www.tradingview.com/script/4DvA ... ator-v2-0/

It's not 100% close to the TradingView version.
Because TradingView and MT4 implementation of some build-in indicators are different.
For example, MT4 doesn't have RMA.

Anyway, this is a very effective volatility indicator from TradingView that filters out many bad trades.

Code: Select all

// Yellow bars (upper row) = Trending
// Orange bars (upper row) = Exhausted trend (could potentially reverse, so if trend trading,
//                           use less risk)
// Red bars (upper row)    = Exhausted trend is losing momentum (reversal or pullback is very
//                           likely ahead, use less risk)
// Gray bars (upper row)   = Ranging - DO NOT TRADE!
// 
// Blue bars (mid row) = There is ACTION in the market -- signals it should be safe to trade
// Gray bars (mid row) = No ACTION - DO NOT TRADE!
// 
// Teal bars (lower row) = There is force behind the ACTION!
// Gray bars (lower row) = Less volatility in the market, be careful!
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edit, Saturday, July 18th, 2020, 8:17 AM, PST

Please download the new version 1.00a over here:
viewtopic.php?p=1295415080#p1295415080

Thank you.
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