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Re: MT4 Indicator requests and ideas

mrtools, Thu Mar 02, 2023 8:53 am

sylvester21 wrote: Thu Mar 02, 2023 3:49 am Dear Mr.Tools

I was looking at this old Indi you shared and had this idea.

Is it possible to integrate a signal line (with all the awesome averages) onto the oscillator so that it becomes a 2-lines cross indicator?

In its current state, it's a color change/zero cross indi. We can certainly speed up the signals via a signal line.

To beef things a little bit, may I suggest a filter option to filter out fake signals.

The calculation behind this indicator is certainly intriguing.

You may consider this idea for experimentation.

Thanks a bunch and we truly appreciate the coders hard work here in Fx stn.
Right now, the zero line is actually the signal line, it uses 2 averages one is just a regular average, and the zero-line average is actually an average of the highest high and lowest low / 2. So not sure if a signal line would work. This is Mladen's explanation:

This is the " Middle-High-Low Moving Average" as described by Vitali Apirin. It is not a single average but rather a correlation of two averages : one being a regular average and the other is an average of highest high and lowest low. Their crosses are showing the current "trend". Used the default parameters proposed by Vitali Apirin — seems that they are rather OK, except by default he is using SMA while I decided to set EMA as the default average method, but I do recommend some experimenting with the parameters..

ps) this is an on-chart version in comparison with the sw version.
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