Display posts from previous
Sort by

Re: Moving Average indicators for MT4

762 by mrtools
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)
These users thanked the author mrtools for the post (total 14):
Jimmy, moey_dw, pazienza, reachme, Deez, mtp, sal, heispark, vvFish, Bob Loblaw, Anacon, mitzescu, SilverBB, Jedidiah

Re: Moving Average indicators for MT4

763 by Jimmy
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.
You've made my day brother, this is wicked. Thanks to Mladen and yourself for the explanation too! I've learnt something new today.
These users thanked the author Jimmy for the post:
moey_dw
Myfxbook live trading results 📊

List of our most powerful reversal indicators + Guide to the "All Averages" Filters (ADXvma, Laguerre etc.)
Fibonacci numbers for indicator settings + How to draw Fibonacci Extensions + How to draw Support & Resistance

Re: Moving Average indicators for MT4

764 by moey_dw
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.
thx u so so so so sooo muchhhhhhhhhhhh mrtool :o :o :clap: :clap:
Official Forex-station GIF animator at your service 👨‍⚖️
See a GIF with Forex-station.com on it? I probably made it
The best divergence indicator in the world.
Real news exists: Infowars.com 👈

Re: Moving Average indicators for MT4

765 by mtp
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)
Dear Mrtools which is the EA used? Kindly share if you don't mind(with the set)

Re: Moving Average indicators for MT4

766 by Bob Loblaw
Would it be possible to create a StepMA version of this please?

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)

Re: Moving Average indicators for MT4

769 by moey_dw
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!!
ermmm i dont think u will receive any help from experts unless u post which indicator u referring to first!!!!
Official Forex-station GIF animator at your service 👨‍⚖️
See a GIF with Forex-station.com on it? I probably made it
The best divergence indicator in the world.
Real news exists: Infowars.com 👈

Post Reply Attachments 3601

Return to “MT4 Indicators”