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Re: Various (Specialist) indicators for MT4

985 by mrtools
JJforex wrote: Mon Feb 13, 2023 11:45 am Mr Tools, I noticed that the Trend Scalp indicator repaints for zero line cross on daily chart backtesting. You can see the gif file attached for details. Do you think it is possible to fix it and make it a non-repaint indicator? Thank you!
Image
Looks like to me the dot forms at the beginning of the bar and before the bar is closed it changes far as I know that is not repainting, but it's hard to tell for sure because there seems like there is a jump or something there.

Re: Various (Specialist) indicators for MT4

986 by JJforex
mrtools wrote: Mon Feb 13, 2023 12:06 pm Looks like to me the dot forms at the beginning of the bar and before the bar is closed it changes far as I know that is not repainting, but it's hard to tell for sure because there seems like there is a jump or something there.
Hi Mr Tools,, I think it repaints. I was backtesting with the Open Price Only Mode. Here is my observation: we got the long signa arrow on the close of the 08/28 candlestick, and we can see the open position of the next bar (08/29) there already. When it closes on the 08/29 candlestick, the long signal arrow on the 08/28 candlestick disappears. And then it did the same thing on the 08/29 candlestick. What do you think?

Thank you!

Re: Various (Specialist) indicators for MT4

987 by mrtools
JJforex wrote: Mon Feb 13, 2023 3:51 pm Hi Mr Tools,, I think it repaints. I was backtesting with the Open Price Only Mode. Here is my observation: we got the long signa arrow on the close of the 08/28 candlestick, and we can see the open position of the next bar (08/29) there already. When it closes on the 08/29 candlestick, the long signal arrow on the 08/28 candlestick disappears. And then it did the same thing on the 08/29 candlestick. What do you think?

Thank you!
Sorry didn't see that at all in your video, but there really isn't anything I can do about it anyway, don't have the code anymore.

IdeaRe: Various (Specialist) indicators for MT4

989 by mrtools
Rex Oscillator Averages with Donchian Channels for reversals

This is MT4 conversion of Mladen's version of the Rex indicator on a Donchian channel with fill, with all the averages I have.

What is the Rex indicator?

The Rex indicator provides insight into probable market reversals based on the true bar value (True Value of Bar). TVB (True Value of Bar) gives an idea of how healthy the market is and the Rex Oscillator is the moving average of the TVB values.

The oscillator Rex line becoming positive on the bearish market indicates the up-reversal.

Similarly, the negative value of the line on the bullish market indicates its down-reversal.

Moreover, the oscillator Rex and Signal lines can be used as warning signal.

The indicator has four configured parameters:

  • Rex period - oscillator line calculation period;
  • Rex method - oscillator line calculation method;
  • Signal period - signal line calculation period;
  • Signal method - signal line calculations method.

Code: Select all

Calculations:

Rex = MA(TVB, Rex period, Rex method)
Signal = MA(Rex, Signal period, Signal method)
where:

TVB = 3*Close - (Low + Open + High)

Re: Various (Specialist) indicators for MT4

990 by TransparentTrader
mrtools wrote: Wed Feb 22, 2023 10:47 am Thia is mt4 conversion of Mladen's version of the Rex indicator on a Donchian channel with fill, with all the averages I have.
Image

This looks very promising.

We have a possible way to detect tops/bottoms in a non-repainting way, while also being able to enter/exit scalp trades using the MA crossovers on the bottom window (especially when it's a hard color exiting either extreme of the Donchian channel).

I wonder if it would be worthwhile to combine this indicator, the PPO Laguerre, and the latest work on the Chaos/Haos Visual Averages in a way where we get the most accurate possible identification of local/maximum tops and bottoms. We wouldn't need to rely on zigzag indicators anymore!
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