Re: MT4 Indicator requests and ideas

12536
Tenrai wrote: Fri Mar 26, 2021 6:54 am @MrTools / @Mladen

I have a request here. I am currently using the indicator attached below. It's a Fractal Support & Resistance and I'd like a couple additions to it.

1. Have an input option to change the period from the built in 5 to whatever I wish. Sometimes people like to have a period of 9 just to have less fractals and false entries.

2. I would like the indicator to also have a EMA option to show the overall trend where you can change the period as well.

3. Finally and most importantly, I need the indicator to give an alert when a fractal level is broken, as in price crosses and closes, confirming the break and must be in line with the trend. For example, if we are going short, price must be below the 200 EMA and price must break through and close under a resistance fractal. Only then will an alert be given. Reverse for long situations. Price must be above the 200 EMA (or whatever EMA period you input) and the resistance fractal must be broken and price close above.

I've linked a quick video here of me explaining it and showing it if its helpful!

https://streamable.com/vguoi9
Try here Fractal s&r

Re: MT4 Indicator requests and ideas

12537
Eddie_83 wrote: Sat Mar 27, 2021 9:52 am Hello mrtool .

I want to ask you about an indicator made by mladen, it's called 'CCI of stochastic ATR'. I understand how ATR can be used in indicator calculation to adjust it for the current volatility to filter out false signals. what I don't understand is the CCI of Stochastic part of it, and how they are combined into one indicator?????
I like this indicator and I want to understand how it works in order to backtest it.

atr cci.png

I apologize if this is not the right place to post this question.
Usually when smoothing either the price is smoothed or the final value is smoothed, using some sort of moving average. But in this version Mladen used a stochastic atr to smooth the price for the cci.

Re: MT4 Indicator requests and ideas

12540
mrtools wrote: Sun Mar 28, 2021 1:33 pm How do you want channel up/down colors based on, and the arrows/dots too. Also not able to only mtf the channel.
hi
channel top and bottom presently there is no custom setting to hide or change colour. I would like have that additional option
dot based fractal adjustable custom period H/L
MTF OPTION provide if its not possible
attached my idea in snap

Note; i have one commerical indicator to make , i will send PM shortly and advise
"There is NO GOD higher than TRUTH" - Mahatma Gandhi