Re: MT4 Indicator requests and ideas

18781
dmnik wrote: Sat Jun 17, 2023 8:48 pm ;)
Image
Now only need some good Russian Soul or a good soul with Russian language knowledge to translate and post to everybody without Russian alphabet knowledge (like me :cry: ).

Curious.......
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Google Translate Photo. Google Translate Photo.
From the domains of my desk and laptop Full of Porn and Charts I call upon the Spiritual Presence and Power of Richard Wyckoff, Jesse Livermore, George Soros and all the Wise in Volume and Standard Deviation to enlighten and make everyone get off their asses and go to study Market Structure, Liquidity Pools and Volume.

Selah


Re: MT4 Indicator requests and ideas

18782
Deez wrote: Sat Jun 17, 2023 9:33 pm .-- .... .- - ..--..
The code of this indicator includes the solar wind component too,
but I'm not sure whether it's actively used,
so I decided to delete my previous comment. :Hot:

OK, I checked it - the green and red histogram is the solar wind :Hot:

EDIT#2: So, I enclose one more version of this popular indicator.
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Re: MT4 Indicator requests and ideas

18787
RodrigoRT7 wrote: Sun Jun 18, 2023 12:12 am I understand that this is nothing more than an adjusted TMA. or a Center of Gravity with some settings changes. you find these indicators easily here. It is worth remembering that they repaint, that is, they serve more to give you a trading bias

From the product description:

"True Center Band may look like some other indicators, such as Center of Gravity (COG) and polynomial Regression Channel (PRC). But there is one major difference, TCB never repaints, because it is not calculated by future data. Reliability makes TCB looks good, works better."

True Center Band is specially designed to work on all intraday charts (tick, mins, renko, range, etc.) and daily chart. It also works on all markets (Stocks, Futures, Forex, Options, ETF, etc.)

A good indicator should make complicated things simple. Therefore, there is only 1 parameter.

Period: the number of bars used to calculate the True Center Band (TCB).

It's very easy to understand, if you want TCB to plot a long-term trend then set a big number such as 50. If you want to see a short-term trend, then set a small number such as 15."


Fortunately for us, PatternSmart has a few YouTube videos of this indicator in real-time. All of them are from 7-8 years ago. One of them is below.



As a side note: Someone on the useThinkScript forum attempted to create their own version of this indicator and provided the source code. I don't know how faithful it is to the original. One person said it repaints slightly, so if we take PatternSmart at their word, this individual's code is not a 100% accurate replica of the original True Center Band.
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