Re: Various (Specialist) indicators for MT4

1132
This is a mt4 version of Centaur's mt5 version of a trade view Alpha trend, haven't really tested the 2 side by side but think they should be close to the same. From the code looks like similar to a cci based super trend but instead of cci it is using mfi and rsi.
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Re: Various (Specialist) indicators for MT4

1133
From Mladen Rakic:

In his article "The Hunt for Superior Signals – Two Moving Function Hybrids" (September 2005), William Rafter described the Moving Slope Rate Of Change. This is the MSROC as originally described.

Instead of using just a change in price to calculate slope (as with Rate Of Change or "ROC"), the slope of a least-squares line is used to calculate MSROC. That produces a much smoother result than the regular ROC and that way the number of false signals is significantly decreasing compared to the ROC itself.

This version is extending the basic version of the indicator. Instead of having only a fixed zero level as a criteria for trend change determination, this version adds floating (dynamic) level(s). The main advantage of the floating levels compared to the fixed zero level is its responsiveness and earlier detection of trend change (with much less noise than in cases when the slope of the MSROC is used) and is filtering out quite a lot of false signals along the way.

I made a mt4 version but made it a <> 0 histogram with lines showing when slope is changing.
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CodeRe: Various (Specialist) indicators for MT4

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TMMS Oscillator (Trading Made More Simpler)

The TMMS oscillator (aka “Trading Made More Simpler”) is an indicator made of conditions based on both 2 separated Stochastic and 1 RSI.
  • Bullish zone is green
  • Bearish zone one is red
  • When the histogram is grey, no signals are available at that time
The indicator shows the current trend of a Hull moving average (slope).
  • When the trend is up, green dots are plotted on the zero line.
  • When the trend is down, the dots are colored in orange.
Not sure where this actually started but this is a simplified version of Swingman's from that other forum :)
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Re: Various (Specialist) indicators for MT4

1136
Feel like these should be grouped with the above
Similarly different from the rest
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Re: Various (Specialist) indicators for MT4

1140
mrtools wrote: Sun Aug 27, 2023 3:04 pm This is a mt4 version of Centaur's mt5 version of a trade view Alpha trend, haven't really tested the 2 side by side but think they should be close to the same. From the code looks like similar to a cci based super trend but instead of cci it is using mfi and rsi.
Image
@mrtools Dear Mr. Mrtools, could you please add channels or bands and MTF to the Alpha trend indicator?Thank you!


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