Re: MT4 Indicator requests and ideas

14472
A_5 wrote: Wed Dec 08, 2021 3:36 am Please can this be made to display other than just coloured candles. Lines or histogram or arrow, anything else from the default. Or an alternative similar indicator

Thanks
Simpler Trend.mq4Simpler Trend.ex4
Man the ink is barely dry in that one and it's already renamed. Look for "precision trend" it's by Mladen, there is a histo version here Precision trend
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Re: MT4 Indicator requests and ideas

14476
mrtools wrote: Tue Dec 07, 2021 8:20 am Please understand not knocking or anything, just wondering how to use this in trading? To me looks like if anything the colors are backwards.
The indicator displays two volatility lines – bullish and bearish ones. It is calculated with the standard deviation from a mean of the last X Period, made of distance between the last Close with the High/Low depending of the direction (short or long curves).

It's by no means a very special indicator - what's interesting is how it behaves in non-trending conditions - with minimal lag to how fast it react to fluctations. I'm hoping the EMA deviation will further improve the lag (not by much - but might be worth it - as it's faster than the original stdev).
I hope I can use it in my volatility based trading system - it shows promising results - I could see this improved with better tweaking options.

(You can change colors in the indicator settings)

Sincerely.

Re: MT4 Indicator requests and ideas

14477
mrtools wrote: Wed Dec 08, 2021 5:40 am Man the ink is barely dry in that one and it's already renamed. Look for "precision trend" it's by Mladen, there is a histo version here Precision trend
A_5 wrote: Wed Dec 08, 2021 5:44 am I don't have any know how in these stuffs.
geeze............ desperate code thieves strike again!!!
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