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Re: Convert MT5 indicators to MT4
Posted: Mon Apr 18, 2022 6:20 am
by Intrest 1
I have an ADX with a formula that divides the highlow range by the open. In theory, this reduces the indicator's mobility during price fluctuations.
Is it possible to make ADXm using the same formula?
Re: ADXm for MT4
Posted: Sun Apr 24, 2022 11:09 am
by trader2000
mrtools wrote: Mon Apr 18, 2022 4:39 am
Looks like Mladen did one already.
From Mladen:
ADXm (experiment) for MT4
There are a couple of versions of this indicator already existing in the code base.
As it can be seen from the already published versions, one of the small (possible) issues of ADXm is the fact that it (in the times of ranging market) it tends to be "nervous". Some smoothed versions were made to address that, and this one can do that too but in an unexpected way : by applying ADXm calculation to itself, instead of using some conventional smoothing methods. The results seem to be usable, hence posting the indicator here
Recommendations:
- you can use color changes as indication of momentum / trend change
- you can use zero line crosses in a same manner
PS: when using the ADXm of ADXm (double) mode, the values are changed (slopes are not, but values are). In that case, if you are using levels as an indicator of trend change, adjust the levels to modified values
thanks ,, i got 2 questions please . what the relation of other small gray color line with main other line i.e if small line above or below main what it mean ?last question is if i add zero line it will mean that if lines above it mean trending market ,below it not trending .i am right ?thanks
Re: Convert MT5 indicators to MT4
Posted: Sat Oct 01, 2022 2:21 pm
by Daddyhan
mrtools wrote: Wed Dec 18, 2019 10:58 am
Think this is pretty close to the power system except made the green for "rise", for "drop" deep pink , and for "noise" gray.
Hi Mr tool,
Can I trouble you to check this indicator ?
It cause the MT4 to freeze when I change time frame to time frame.
Thank you
Han
Re: Convert MT5 indicators to MT4
Posted: Sat Oct 01, 2022 3:05 pm
by mrtools
Daddyhan wrote: Sat Oct 01, 2022 2:21 pm
Hi Mr tool,
Can I trouble you to check this indicator ?
It cause the MT4 to freeze when I change time frame to time frame.
Thank you
Han
Have you tried this version
Power system averages ?
Re: Convert MT5 indicators to MT4
Posted: Sat Oct 01, 2022 4:54 pm
by Daddyhan
A big thank you sir.
very good
Re: Convert MT5 indicators to MT4
Posted: Sat Nov 12, 2022 5:39 am
by Jose Weyne
Have we got a MT4 version of this indicator yet? Or is this just a MACD candlesticks overlay?
Re: Convert MT5 indicators to MT4
Posted: Sun May 07, 2023 6:41 pm
by Pampas
Hi, hello, yes im sitting on a commode freeing hostages & is why I WON'T post a screenshot or test him but this is.... the one you need
Re: Convert MT5 indicators to MT4
Posted: Sat Dec 23, 2023 1:32 pm
by wojtek
Could our coders please convert the attached indicator from mq5 to mq4?
The corrections needed shouldn't be especially time-consuming, I suppose.
Re: Convert MT5 indicators to MT4
Posted: Sat Dec 23, 2023 4:22 pm
by ChuChu Rocket
wojtek wrote: Sat Dec 23, 2023 1:32 pm
Could our coders please convert the attached indicator from mq5 to mq4?
The corrections needed shouldn't be especially time-consuming, I suppose.
Interesting what makes this version different/better to the other BB Stops we have? I haven't had a chance to test this one yet
Re: Convert MT5 indicators to MT4
Posted: Sat Dec 23, 2023 4:53 pm
by wojtek
I would like to have it in open source mq4, and it differs somehow,
as far as I can see, from other BB stops available.