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Re: Moving Average indicators for MT4
Posted: Wed Mar 31, 2021 8:59 am
by mrtools
This is Mladen's, Mcginley dynamic average filtered.
Re: Moving Average indicators for MT4
Posted: Wed Mar 31, 2021 8:19 pm
by Vere
mrtools wrote: Wed Mar 31, 2021 3:20 am
Think I did them but forgot to post, here's the version with the reentry alerts.
mrtools, i already try the upgrade version, but can you made another mod.
the reentry alert work on selected TF in indicator setting, but not when reentry arrow appear in lower TF in MTF mode, when in mtf mode the alert need to wait higher TF reentry arrow to appear and close.
can you made the reentry alert active every time reentry arrow appear and close in lower TF while using MTF mode, so it doesnt need to wait reentry arrow to appear and close in high TF
Re: Moving Average indicators for MT4
Posted: Fri Apr 02, 2021 1:56 pm
by hunter_eye
mntiwana wrote: Sat Apr 15, 2017 5:56 pm
35 MA Squize MA Ed FLET color Mod nmc 1.1
Just one additional feature,it is user friendly by MLADEN
Hi mntiwana, just wondering if you could help to add Alert/Notification to the SquizeMA indicator when it's out of Squize, and also put a dot/arrow when it's out of squize, cos it's kind of difficult to see when the candles are close to each other.
Much appreciated!
Re: Moving Average indicators for MT4
Posted: Fri Apr 02, 2021 3:42 pm
by Chintzki
hunter_eye wrote: Fri Apr 02, 2021 1:56 pm
Hi mntiwana, just wondering if you could help to add Alert/Notification to the SquizeMA indicator when it's out of Squize, and also put a dot/arrow when it's out of squize, cos it's kind of difficult to see when the candles are close to each other.
Much appreciated!
Not sure what is different between the versions haven't tested, but this one seems upgraded.
No alerts but if somebody does add them for you, it might as well be to the newer version.
Re: Moving Average indicators for MT4
Posted: Fri Apr 02, 2021 4:24 pm
by hunter_eye
Chintzki wrote: Fri Apr 02, 2021 3:42 pm
Not sure what is different between the versions haven't tested, but this one seems upgraded.
No alerts but if somebody does add them for you, it might as well be to the newer version.
Hi Chintzki, thanks for uploading 1.2, looking forward to the newer version with the above missing features.
Cheers
Re: Moving Average indicators for MT4
Posted: Fri Apr 02, 2021 10:41 pm
by josi
mrtools wrote: Wed Mar 31, 2021 8:59 am
This is Mladen's, Mcginley dynamic average filtered.
Using your "improved" formula I find it very hard to see any real advantages to using a "normal" EMA.
I compared it to EMA9 and EMA 36 and didn't find one better entry (but this may only be me).
So - for me - this quote - as yet? - doesn't ring true:
"Many traders consider the McGinley Dynamic indicator superior because it adjusts to the market speed shifts and acknowledges market acceleration and deceleration. As a result, the indicator projects smoother and more precise lines.
All-in-all the McGinley Dynamic tracks the market much better than moving averages. It generates clear and responsive data. The result is more comprehensive MA lines."
Re: Moving Average indicators for MT4
Posted: Sat Apr 03, 2021 1:59 am
by mrtools
josi wrote: Fri Apr 02, 2021 10:41 pm
Using your "improved" formula I find it very hard to see any real advantages to using a "normal" EMA.
I compared it to EMA9 and EMA 36 and didn't find one better entry (but this may only be me).
So - for me - this quote - as yet? - doesn't ring true:
"Many traders consider the McGinley Dynamic indicator superior because it adjusts to the market speed shifts and acknowledges market acceleration and deceleration. As a result, the indicator projects smoother and more precise lines.
All-in-all the McGinley Dynamic tracks the market much better than moving averages. It generates clear and responsive data. The result is more comprehensive MA lines."
Let me go over the code again, it's a very good possibility I didn't get the translation from mt5 to mt4 exactly right.
Re: Moving Average indicators for MT4
Posted: Sat Apr 03, 2021 2:07 am
by josi
mrtools wrote: Sat Apr 03, 2021 1:59 am
Let me go over the code again, it's a very good possibility I didn't get the translation from mt5 to mt4 exactly right.
Sure thing. I am looking forward to whatever new insights you will create.
Thanks for your work.
Re: Moving Average indicators for MT4
Posted: Sat Apr 03, 2021 3:21 am
by mrtools
josi wrote: Sat Apr 03, 2021 2:07 am
Sure thing. I am looking forward to whatever new insights you will create.
Thanks for your work.
Found an error i did when copied and pasted the line styles didn't change the indicator number, but for some reason it didn't really affect anything. Was reading what Mladen said about it and my understanding is the "improved" calculation actually makes it closer to an ema, where as before it was slower than both the sma and ema. So yea you're right it's very close to a Ema. Picture is using the improved calculation McGinley compared to Ema. If you don't mind me asking where was that quote from?
Re: Moving Average indicators for MT4
Posted: Sat Apr 03, 2021 4:59 am
by mladen
mrtools wrote: Sat Apr 03, 2021 3:21 am
...
If you don't mind me asking where was that quote from?
That is one of the "wonder" descriptions found of the net describing the McGinley dynamic that I too was referring to in the description of the mt5 version
You know : the usual sales punch
