Dearest Mrtoolsmrtools 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)
Thanks for this pretty level ver Nema,working fine but very fine -
can you manage time reviewing the code
1 - neutral bars color-same to neutral line color,currently there is no choice for changing color same according to main line neutral color-as you can see in picture
2 - if there any chance applying levels parameters - or may be FL levels will be a best choice
3 - if a change coloring choice can be extended as on slope too,currently it only changing colors on level cross
regards