Tinara wrote: Fri Jun 01, 2018 4:06 am

is there a MT5 version for this indicator..??

Thanks

mrtools wrote: Fri Jun 08, 2018 3:18 pm This is Nema mtf with levels, the nema coloring is based on the level crosses. Indicator is mtf with alerts on color change and also is filtered.

mrtools wrote: Fri Jun 08, 2018 3:18 pm This is Nema mtf with levels, the nema coloring is based on the level crosses. Indicator is mtf with alerts on color change and also is filtered.

mrtools wrote: Fri Jun 08, 2018 3:18 pm This is Nema mtf with levels, the nema coloring is based on the level crosses. Indicator is mtf with alerts on color change and also is filtered.

For an explanation on Nema from Mladen:::

NEMA indicator - that calculates depth (offspring) of EMA of arbitrary "depth".

Nema can calculate all the known variations (offspring) of EMA : EMA, DEMA, TEMA, ... DecEMA, ... and so on, up to "levels" or "depth" 50 (whatever name it would be)

Some known depths :

1 -> EMA
2 -> DEMA
3 -> TEMA
....
10 -> DecEMA
....
50 -> the maximal depth calculated by this indicator
If the depth is set to 1, NEMA is equal to EMA, for depth 2 it is equal to DEMA, for depth 3 it is equal to TEMA and so on ..., up to depth 50. In any case, depths over 40 are — due to the way how internal calculation is done, are losing precision too much and unlike the lower depths, should be used for with extreme care and with reserve. Also, as a deviation from EMA (and DEMA and TEMA...) this indicator allows fractional period for calculation (there is no reason whatsoever why any EMA-type indicator should use only integer bound calculation period)

mrtools wrote: Fri Jun 08, 2018 3:18 pm This is Nema mtf with levels, the nema coloring is based on the level crosses. Indicator is mtf with alerts on color change and also is filtered.

For an explanation on Nema from Mladen:::

NEMA indicator - that calculates depth (offspring) of EMA of arbitrary "depth".

Nema can calculate all the known variations (offspring) of EMA : EMA, DEMA, TEMA, ... DecEMA, ... and so on, up to "levels" or "depth" 50 (whatever name it would be)

Some known depths :

1 -> EMA
2 -> DEMA
3 -> TEMA
....
10 -> DecEMA
....
50 -> the maximal depth calculated by this indicator
If the depth is set to 1, NEMA is equal to EMA, for depth 2 it is equal to DEMA, for depth 3 it is equal to TEMA and so on ..., up to depth 50. In any case, depths over 40 are — due to the way how internal calculation is done, are losing precision too much and unlike the lower depths, should be used for with extreme care and with reserve. Also, as a deviation from EMA (and DEMA and TEMA...) this indicator allows fractional period for calculation (there is no reason whatsoever why any EMA-type indicator should use only integer bound calculation period)

Bob Loblaw wrote: Mon Jun 11, 2018 5:57 pm Would it be possible to create a StepMA version of this please?

mitzescu wrote: Mon Jun 11, 2018 8:59 pm Hi!

Thank you so much for this great indicator. Do you thibkk you could add alert when line is going Grey? That would help alot

Thank you!!