Jimmy wrote: Sat Nov 04, 2023 7:16 pm Hi mate, Kvak has made a huge effort in helping you out already, and with so many requests in such little time, we really need to see you make some effort to contribute and at least give some feedback about the free coding Kvak has provided for you in the past. To be honest, we've seen no contribution from you except requests for free work and I'm hoping this will change.

I'm going to have to ask you one last time to read this link before you post a request again: Why was I banned from Forex Station?

Thanks.

Itsart3 wrote: Sun Nov 05, 2023 8:59 am Point taken. I wll do my best in the future to make more contribution to the site.

Jimmy wrote: Sun Nov 05, 2023 10:26 am Thank you my friend for helping us out and understanding

Itsart3 wrote: Sun Nov 05, 2023 11:27 am So Im going to next week post the system I built with Kvak and Mrtools indicators. Where in the website shuold I do this??

kvak wrote: Sat May 06, 2023 7:52 am Added button and updated list of averages...

GoldenBrett90 wrote: Wed Nov 15, 2023 7:15 am Just a simple question...
Has anyone ever made a moving-average indicator that shows multiple MA deviations from the HIGH/LOW of a moving-average?

Dumb question? Smart question? I don't know...
Does it make sense?
The concept is like having many MA lines above and below the original MA that are the same distance away from each other as an MA that's set to high or low from the main MA...

It's like an "MA Rainbow", except instead of using different periods, use "MA set to high, high2, high3, etc", or "MA set to low, low2, low3, etc".

In my years of indicator collecting, I don't think I've ever seen such a concept, only Bollinger Band type of indicators, channel indicators, MA Rainbows, etc...

mrtools wrote: Wed Nov 15, 2023 8:39 am There are surely more around just quickly did this version.

Tradehunter wrote: Wed Nov 15, 2023 1:17 pm Isnt it just the levels in the standard MT4 MA?

Tradehunter wrote: Wed Nov 15, 2023 1:17 pm Isnt it just the levels in the standard MT4 MA?

• Take 3 MA's... Same period, but set to High, Median, Low.
• Measure the distance between the Median and the High, and the Median and the Low.
• You'd code it by measuring pips, which can be done in code.
• Take that number of pips between the two and then duplicate that distance away from the High and Low to form "High2" MA, "Low2" MA, etc, according to how many levels of deviations you want.

GoldenBrett90 wrote: Wed Nov 15, 2023 3:41 pm That would be close to what I mean!
Except I should've been more clear...

• Take 3 MA's... Same period, but set to High, Median, Low.
• Measure the distance between the Median and the High, and the Median and the Low.
• You'd code it by measuring pips, which can be done in code.
• Take that number of pips between the two and then duplicate that distance away from the High and Low to form "High2" MA, "Low2" MA, etc, according to how many levels of deviations you want.

It's pretty much just having more levels further away from the Median MA than just the High and Low.

I don't see how this couldn't be useful for measuring overextended moves away from the "mean", the Median.
If price is 2 or 3 High or Low deviations away from the Median, then you can expect a pullback, of course.

It's not perfect, but the idea can be expanded on and possibly coded.
The final concept could definitely be better than awful Bollinger Bands... Blah.