Very good question, need to do a little research and will get back.太虚一毫 wrote: Sun May 16, 2021 5:16 pm Hello, teacher, Dynamic zones polychromatic momentum bars 1.02 and Dynamic zones Polychromatic momentum 5.13 are two indicators. If Velocity is used to replace momentum, what effect will be displayed? Would it be better?
u make good suggestions!!! I think u right a real good evaluation.............. wonder if it can be done by our mrtoolz太虚一毫 wrote: Sun May 16, 2021 5:16 pm If Velocity is used to replace momentum, what effect will be displayed? Would it be better?
You are assuming that the "momentum" is the only part that counts in the Polychromatic momentum name.太虚一毫 wrote: Sun May 16, 2021 5:16 pm Hello, teacher, Dynamic zones polychromatic momentum bars 1.02 and Dynamic zones Polychromatic momentum 5.13 are two indicators. If Velocity is used to replace momentum, what effect will be displayed? Would it be better?
Momentum is defined as the difference, or percent change, between the current bar and a bar some lookback period in the past. The major problem with using momentum based indicators is that the optimum lookback period seems to change over time creating losses with the current chosen lookback period.
To avoid the errors due to a single lookback period we create an indicator that takes an weighted average of all significant lookback periods for the tradable. We named this indicator polychromatic because poly means many and chromatic means colors. Thus, Polychromatic Momentum for this indicator translates into the sum of many Momentums.
Thanks!mladen wrote: Mon May 17, 2021 6:07 am You are assuming that the "momentum" is the only part that counts in the Polychromatic momentum name.
Actually it is not so. According to Dennis Meyers (who have invented it) it is the following :
Hence, since the Polychromatic momentum is not "just" momentum, it can not simply be replaced by velocity
Lesley919 wrote: Thu May 27, 2021 8:01 pm Dear mrtools, I would appreciate it if you could add divergence to this indicator (viewtopic.php?p=1295369132#p1295369132). Thank you so much.
Was able to add quantile and floating levels, wasn't able to get fixed levels. Also not sure what happened to the button.太虚一毫 wrote: Tue Oct 19, 2021 12:43 pm In addition to Averages-9.42 (mtf + alerts + arrows + kelt + button) and step, perhaps the Dynamic zones Polychromatic momentum indicator is the most frequently upgraded version of the masters.
Study the momentum indicator Dynamic zones Polychromatic momentum 5.13.mq4. Expect the teacher to add Level to it. Boundless merit!
enum enLevelType
{
lvl_floa, // Floating levels
lvl_quan, // Quantile levels
lvl_fixed // Fixed levels
};
hahaaha did this actually have any buttons before? thank u for a nice update sir...