Re: MT4 Indicator requests and ideas

451
lucmat wrote:Hi mladen, mrtools, mntiwana and other all,
is it possible to build an indicator with this formula?

price  - its moving average of x period = a
a - min(x period of a)
a - max(x period of a) 

Hope it is clear.
Thanks

Lucmat
Lucmat

That is a simple high low channel of average -a lot of metatrader 4 versions for that already exist


Re: MT4 Indicator requests and ideas

453
Jim Clark wrote:
Please, what´s the name of the first Indicator ? (the red one, I can´t read the name)
Merken
Jim it is strange,being a old trader you did not recognized Trend direction & force index indicator by its shape/style
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.


Re: MT4 Indicator requests and ideas

458
mladen wrote:
It can be added, but since QQE is all about QQE crossing its "signal" line there would be no use of Bollinger bands (at least that is my opinion)
What I was thinking is that QQE crossing its signal line and then going outside the bands would be a good entry signal. Now I don't know if it would be a good idea. If you want I can post a picture of two indicators that I combined that would visualize the idea.

Thx.
D.

Re: MT4 Indicator requests and ideas

459
Desatar wrote:
What I was thinking is that QQE crossing its signal line and then going outside the bands would be a good entry signal. Now I don't know if it would be a good idea. If you want I can post a picture of two indicators that I combined that would visualize the idea.

Thx.
D.
If you have a visual example post it - so we can check the idea

Re: MT4 Indicator requests and ideas

460
mladen wrote:
If you have a visual example post it - so we can check the idea
I am using the qqe new - mtf alerts (any symbol) 2.1 indicator and overlay it with the Bb macd nrp-mtf alerts indicator. Below is how it looks like. The idea was that when the red/green line passes the black bb lines, up or down, to go into the trade. What do you think?