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Re: Step Indicators for MT4

433 by mrtools
Ganesh wrote: Fri Mar 12, 2021 6:43 pm hi, mrtools kindly add 2-3 deviation bands to this attached indicator.step - nema (mtf alerts arrows).ex4
Added a choice of deviation bands or atr band options, also updated the indicator a bit to now include auto adjust candles instead of the bars.

PS: To see an example on how ATR Bands & Custom Standard Deviation Bands differ, please see here: ATR Bands Vs Standard Deviation Bands.
These users thanked the author mrtools for the post (total 13):
RodrigoRT7, thomdel, Ganesh, ionone, Jimmy, rudiarius, camisa, josi, 太虚一毫, alexm, macd & rsi, Jedidiah, yoki

Re: Step Indicators for MT4

435 by Jimmy
mrtools wrote: Sun Mar 14, 2021 2:15 pm Added a choice of deviation bands or atr band options, also updated the indicator a bit to now include auto adjust candles instead of the bars.
ATR Bands vs Custom Deviation Bands

This is really good. Different results can be seen when changing the Bands from ATR to either Custom Standard Deviation.

Without getting too technical, how can we use ATR Bands Vs Custom Standard Deviation Bands?

  • Use the ATR bands for predicting possible reversal areas and candlestick exhaustion
  • Use the Custom Standard Deviation for entering breakouts and forecasting Volatility whenever the bands "PINCH"

ATR Bands
Step NEMA indicator with ATR Bands Non-repainting for MT4.png

Custom Standard Deviation Bands
Custom-standard-deviation-step-nema.png

Thank you Mrtools and Ganesh for the idea :)
These users thanked the author Jimmy for the post (total 3):
Ganesh, ratonchjes, Jedidiah
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Re: Step Indicators for MT4

436 by 太虚一毫
mrtools wrote: Thu May 09, 2019 3:47 am Okay will make it later, had been working on this one, never was happy with the step function, but think this version the step is a little better, and possibly IMHO a little better than the step kaufman, anyway added the 7 display options to it, including the auto adjusting candles.
The Color Candles indicator is good!

Re: Step Indicators for MT4

438 by moey_dw
太虚一毫 wrote: Mon Mar 15, 2021 5:18 pm It is not clear, which is better, step nema (mtf + alerts + arrows + bands), step-vhf-adaptive-vma (mtf + alerts + arrows) two candles! All in all good! Thank the teacher for his selfless contribution! Boundless merit!
yeah......... bands is good too!! :thumbup: :thumbup: :thumbup:
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Re: Step Indicators for MT4

439 by 太虚一毫
mrtools wrote: Sun Mar 14, 2021 2:15 pm Added a choice of deviation bands or atr band options, also updated the indicator a bit to now include auto adjust candles instead of the bars.

PS: To see an example on how ATR Bands & Custom Standard Deviation Bands differ, please see here: ATR Bands Vs Standard Deviation Bands.
If you only look at candles or arrows without showing these thin gray lines, it will be more perfect! Haha, too much demand! ! !

Re: Step Indicators for MT4

440 by Ganesh
mrtools wrote: Sun Mar 14, 2021 2:15 pm Added a choice of deviation bands or atr band options, also updated the indicator a bit to now include auto adjust candles instead of the bars.

PS: To see an example on how ATR Bands & Custom Standard Deviation Bands differ, please see here: ATR Bands Vs Standard Deviation Bands.
Hi. mrtools , Band version of step nema gives different signals with the original version. original corrected version attached here

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