honje19960321 wrote: Sun May 01, 2022 9:41 pm VininI BB MA

Intrest 1 wrote: Thu May 05, 2022 5:21 am Hello dear coders.
Add arrows to the chart where wpr breaks out of the Bollinger band. And mtf mode pls

Vinini BB MA

Thank you to Honje and Interest for this indicator, this is like an old school WPR with Floating Levels and it's a real gem. More so with the Mrtools upgrade now.

Like Borshchov mentioned, this is a good indicator.

What is the Vinini BB MA WPR indicator?

The Vinini is an oscillator created by Victor Nicolaev that integrates three technical analysis instruments:

• WPR (Williams' Percent Range)
• MA (Moving Average)
• BB (Bollinger Bands)

Its purpose is to deliver a refined momentum oscillator featuring "dynamic bands", which are beneficial for identifying overbought or oversold situations as well as market volatility.

Here is an optimized template which uses a deviation of 1.0 for scalping breakouts for those who are looking to get started with it. For the recently coded version for MT5, please see here: Vinini BB MA WPR for MT5.

josi wrote: Thu May 05, 2022 9:05 pm Of course; I don't know how you trade and I don't know the entries you use (for your inidicator) but for me the indicator would improve greatly if it gave signals after MA-cross (red):
[I am aware of the fact that this is not how BB is "generally traded"]

I believe that in this case there would be more false signals

Jimmy wrote: Thu May 05, 2022 10:13 pm VininI BB MA

Thank you to Honje and Interest for this indicator, this is like an old school WPR with Floating Levels and it's a real gem. More so with the Mrtools upgrade now.

Like Borshchov mentioned, this is a good indicator.

Here is a template for anybody wanting to get started with it:

I once asked here to do the same with the didi index indicator, but apparently they forgot about my request))
This is even for the better, because I looked and saw that wpr or stochastic without smoothing give such breakdown signals faster.
The bottom line is what to consider as signals. Usually, the indicator rebounds inside the Bollinger,
breakdown signals are much more effective.
Perhaps there are indicators even faster than wpr, then such signals will be even more accurate. I have not found a faster indicator for these purposes

I used didi for this.
Obviously, wpr is often ahead by one bar with a signal.
I use this on daily charts. didi period 5 corresponds to one trading week and is optimal for days with such a period. wpr is not so good on period 5 so the twenty-day wpr in the Bollinger with period 10 and deviation 1 turned out to be optimal.
I really hope that there will be even faster indicators of this kind

I would also like to see wpr signals where the ma of the bollinger is Kaufman's AMA.
I'm not sure if the signals will be better, but it would be interesting to see it))

P.S.
there is also an opinion that the bollinger on Kaufman's AMA will look better than the usual one on rsi.
I would appreciate this indicator

honje19960321 wrote: Fri May 06, 2022 3:09 pm Dear Mr Tools,!! VininI_BB_MA_WPR5v1.01 also hope to add the same function
Arrows also want to be modified to be the same
* mtf + alerts + arrows + btn

Modified it the same as the dpo.

mrtools wrote: Sat May 07, 2022 3:12 am Modified it the same as the dpo.

Dear mrtools
it looks v. good indicator, but it crushes the mt4 for me, I do not know if the problem in my laptop, but please check.
Thanks

talaate wrote: Sat May 07, 2022 5:33 am Dear mrtools
it looks v. good indicator, but it crushes the mt4 for me, I do not know if the problem in my laptop, but please check.
Thanks

Thanks for letting me know, think it was the indicator, try this one.

mrtools wrote: Sat May 07, 2022 6:15 am Thanks for letting me know, think it was the indicator, try this one.

Thanks mrtools