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Re: OCN (Ocean Theory) based indicators for MT4
Posted: Sat May 25, 2024 7:25 pm
by moey_dw
mrtools wrote: Sat May 25, 2024 8:33 am
NMS (Natural Market Slope) Momentum
This is a natural market slope or momentum using all the averages I have for pre-smoothing. For the default smoothing can use Tema. Indicator also has an option to use double smoothing for more average choices.
PS: Just noticed g-channel is not working for smoothing, but far as I know the rest are working. If you are new to OCN indicators, please take a look at:
What are Ocean Theory indicators?
Better indicator than the original MOM/ROC when using TEMA for pre smoothing as you said because using TEMA reduces lag vs both SMA & EMA I find your posts with suggestions really alluring Mrtools!!
Am I bad to suggest we no longer have much need for G Channel in the All Averages? It seems to be a fad that has now faded...... but members & staff please correct me if I am wrong perhaps we could scrap from the All Averages if it causing bugs in coding!!
Big profits if you took the long signals only in GBPJPY using this alone during london/us sessions......
Re: OCN (Ocean Theory) based indicators for MT4
Posted: Sat May 25, 2024 9:22 pm
by josi
moey_dw wrote: Sat May 25, 2024 7:25 pm
Am I bad to suggest we no longer have much need for G Channel in the All Averages? It seems to be a fad that has now faded...... but members & staff please correct me if I am wrong perhaps we could scrap from the All Averages if it causing bugs in coding!!
it seems to give an excellent idea of market direction (even without smoothing - so the lag isn't much of a problem)
Re: OCN (Ocean Theory) based indicators for MT4
Posted: Sat Jun 01, 2024 6:01 am
by mrtools
This is the same as above version but added Mladen's high/low channel and a signal line. The bars/dots on the zero line represent the ocn nms crossing the high/low zero line. Coloring of the ocn nms line can be either by slope or signal line crosses.
About the channel from Mladen:
This version is keeping the signal line intact but is changing how the zero line handling and is adding levels that are not usually known to MACD. It uses the highest high and lowest low of MACD (nnn) bars back to calculate a sort of dynamically changed zero line, early levels up and down and trend confirmation levels up and down. By adding these non-fixed levels, the MACD becomes faster in response to market changes and the MACD trend assessment has less false signals.
Of course, this version is using Ocn nms instead of Macd.
ps) the averages used in pre-smoothing have a double smoothing option, so actually have double the number of average options to choose from.
Re: OCN (Ocean Theory) based indicators for MT4
Posted: Sat Jun 01, 2024 6:22 am
by vvFish
mrtools wrote: Sat Jun 01, 2024 6:01 am
This is the same as above version but added Mladen's high/low channel and a signal line. The bars/dots on the zero line represent the ocn nms crossing the high/low zero line. Coloring of the ocn nms line can be either by slope or signal line crosses.
About the channel from Mladen:
This version is keeping the signal line intact but is changing how the zero line handling and is adding levels that are not usually known to MACD. It uses the highest high and lowest low of MACD (nnn) bars back to calculate a sort of dynamically changed zero line, early levels up and down and trend confirmation levels up and down. By adding these non-fixed levels, the MACD becomes faster in response to market changes and the MACD trend assessment has less false signals.
Of course, this version is using Ocn nms instead of Macd.
ps) the averages used in pre-smoothing have a double smoothing option, so actually have double the number of average options to choose from.
Re: OCN (Ocean Theory) based indicators for MT4
Posted: Fri Jan 31, 2025 2:56 am
by Intrest 1
mntiwana wrote: Fri Feb 17, 2017 8:46 am
MTF Ocn Mc Slope Divergence_01
Dear coders, could you make in this format the Williams Accumulation Distribution indicator with two of the same regression channels?
Re: OCN (Ocean Theory) based indicators for MT4
Posted: Sat Mar 29, 2025 4:45 am
by alpha24
Dear Mrtools / Kvak,
Sir,
I would like if you make this indicator keeping as it is only mtf , interpolated and middle line may be color change on slope.
no extra smoothing or averages.
Re: OCN (Ocean Theory) based indicators for MT4
Posted: Sat Mar 29, 2025 5:42 am
by mrtools
alpha24 wrote: Sat Mar 29, 2025 4:45 am
Dear Mrtools / Kvak,
Sir,
I would like if you make this indicator keeping as it is only mtf , interpolated and middle line may be color change on slope.
no extra smoothing or averages.
Added mtf and mid line coloring.
