This is XARD's ZZ which he programmed in MTF mode so that one can see what the higher TF's are doing. The best is you go to his thread. There are plenty of explanantions.Blueman wrote: Thu Apr 09, 2020 11:55 pm
Thanks! when you have time, could you explain the ZZ indicator, there are few forms into it, what each form mean? be well
Looks similar to ATR Trail Stops or maybe even SuperTrend. Is this based on Volatility/ATR? or completely different algorithm?RplusT wrote: Sat Mar 21, 2020 11:52 pm Trading is by far not as difficult as it seems. Just keep it simple and don't try to jump on every impulse. Let it settle instead.
The green/magenta lines is the trendenvelopes indicator.....if someone might find it a useful additon.
Setting: 6-1-2 ......There are also mtf options.
TrendEnvelopes-alerts (mtf).ex4
No idea. I'm not a programmer. Got to ask a professional.....mrtools!AnCapFX wrote: Sat Apr 11, 2020 2:18 am
Looks similar to ATR Trail Stops or maybe even SuperTrend. Is this based on Volatility/ATR? or completely different algorithm?
seems to be dead on stephenwood and also gree-is-good.com
Hi, without a template, this is not informative, unfortunately, and beginners will not understand ...RplusT wrote: Sat May 30, 2020 12:52 pm Williams %R (WPR)
Wanted to share with you an interesting tool that mrtools provided (big thanks)! Can trade that day in day out, all instruments, almost all TFs (on high TF's you won't see the channel, just the midline), with tons of S/R at retracements.
Actually hard to lose a trade if you go with confluence on higher TFs.
I use the original version as posted below. The MTF "automatic next TF" version slows down the platform for unknown reason. mrtools said he will look into it. So I decided not to post the link yet to avoid confusion.
And I use the channel only.
No special settings except Smoothing period is 99 and MA method I use Laguerre. The result really surprised me. On set to current TF and one to the next higher TF.
Again, Xard's ZZ circles are NO SIGNALS. They just show highs and lows from higher TFs, which is very convenient. Of course those will move with the price going higher or lower, ok!
I hope it may help one or the other of you trying to make pips! Have fun!
WPR averages OnChart smooth arrows alerts.ex4
HK50_1m.JPG
HK50_5m.JPG
Hi, without a template, this is not informative, unfortunately, and beginners will not understand ...
Well, I thought it should be easy enough to put an indicator with known settings on a chart.RplusT wrote: Tue Jun 02, 2020 2:19 pm
Hi, without a template, this is not informative, unfortunately, and beginners will not understand ...
vvFish wrote: Tue Jun 02, 2020 4:53 pm
Well, I thought it should be easy enough to put an indicator with known settings on a chart.
WPR.tpl
Well, thanks for your suggestion.......RplusT wrote: Tue Jun 02, 2020 5:25 pm
That's how it looks now
First you need to put the indicator with the settings on the chart, and only after that save the template.