A_5 wrote: Fri Jun 03, 2022 3:33 am Please add mtf and divergence. thanks for your valuable help. Really appreciate itBollinger_Squeeze_v3.mq4

Added mtf, divergence, and fixed the linear regression slope which wasn't quite right.

太虚一毫 wrote: Fri Jun 03, 2022 4:53 pm Looking forward to adding averaging methods such as ADXVMA and Super Smoother in !! VininI_BB_MA_WPR5v1.01.mq4.

Thank you!

Added all the averages.

mrtools wrote: Sat Jun 04, 2022 2:52 am Added mtf, divergence, and fixed the linear regression slope which wasn't quite right.

Thanks a great deal Mr Tools, you are absolutely amazing.

太虚一毫 wrote: Fri Jun 03, 2022 4:01 pm This is the MT5 coloring version of Donchian Channel and the dynamic zone - step ehlers optimal tracking filter of teacher mrtools. Absolutely beautiful!

I hope the teacher will use Adxm averages vhf adaptive (mtf + btn) coloring method to modify Donchian Channels.mq4 .

Hard to get it exact to Mladen's mt5 version, but think this is close. If using the fill make sure foreground chart is checked.

mrtools wrote: Sat Jun 04, 2022 2:23 pm Hard to get it exact to Mladen's mt5 version, but think this is close. If using the fill make sure foreground chart is checked.

looks great

mrtools wrote: Sat Jun 04, 2022 2:23 pm Hard to get it exact to Mladen's mt5 version, but think this is close. If using the fill make sure foreground chart is checked.

The first time I saw it, I liked it


What Are Donchian Channels?
Donchian Channels are three lines generated by moving average calculations that comprise an indicator formed by upper and lower bands around a midrange or median band. The upper band marks the highest price of a security over N periods while the lower band marks the lowest price of a security over N periods. The area between the upper and lower bands represents the Donchian Channel.

Career futures trader Richard Donchian developed the indicator in the mid-20th century to help him identify trends. He would later be nicknamed "The Father of Trend Following."

太虚一毫 wrote: Sat Jun 04, 2022 5:17 pm Looking forward to the teacher to add button, MTF, ADXVMA, price to Keltner channel oscillator histo 3.mq4.

Infinite merit!

Mtf, button, prices, and adxvma added.

mrtools wrote: Sat Jun 04, 2022 2:23 pm Hard to get it exact to Mladen's mt5 version, but think this is close. If using the fill make sure foreground chart is checked.

! donchian channel (sl) (mtf + btn) is gorgeous!


Try to be more beautiful:

Teacher, think about it and see if you can make the donchian channel change color:

Add rsi filter:

1. When the RSI is greater than 70, the donchian channel changes to Aqua color;

2. When the RSI is less than 30, the donchian channel becomes Magenta color.

This indicator is based on a strategy mentioned in John Carter's book, Mastering the Trade. The basic idea behind the strategy is that markets tend to move from periods of low volatility to high volatility and visa versa. The strategy aims to capture moves from low to high volatility.

For gauging this he uses two common indicators - Bollinger Bands and Keltner Channels (ok, not so common!). He also uses the Momentum indicator to provide a trade bias as some as the Bollinger Bands come back outside the Keltner Channels. The Squeeze_Break indicator combines this into a signal indicator and has the following components:

A positive green histogram means that the Bollinger Bands are outside the Keltner Channels and the market is lightly to be trending or volatile.The stronger the histogram the stronger the directional price move.
A negative red histogram means that the Bollinger Bands are inside the Keltner Channels and the market is lightly to be consolidating. The stronger the red histogram the tighter price action is becoming.
Incorporated into the indicator is a Momentum indicator. According to the strategy J. Carter goes long when the Bollinger Bands break outside the Keltner Bands and the Momentum indicator is above the zero line. He goes short when the Momentum indicator is below the zero line.
I've also added other indicator info in the top left hand corner to give a broader idea of current market conditions.
The indicator provides audio alerts when a potential breakout is occurring. This indicator tends to be better with the larger timeframes. Personally I don't trade purely on an alert signal alone. It's just a handy tool for warning me of changes in price action and potential breakouts.