I had downloaded this indi thinking it was an auto trendline indi that operated on the OPEN (not high/low) price but it seems to work on the H/L only.
It appears to be a good indicator but could it be easily adapted to get it to draw under and over the OPEN prices?
Thanks if it can be done easily.
TEAMTRADER
Re: Trend Indicators
1492Hi Mrtools, Possible to add MTF and update price options , pleasemntiwana wrote: Sun Jun 04, 2017 10:41 pm Phase change index - averages smoothed 1.1
In this version of Phase change Index Averages - filter added - the rest is same to previous averages ver but the filter did a good job more in precise way
thanks to experts
Thanks Steam1
Re: Trend Indicators
1495Nadaraya-Watson estimator (Envelopes) with Regular & Standard Deviation Envelope optionspin12 wrote: Tue Dec 19, 2023 6:07 am Thank you MrTools for the response, but unfortunately that version does not have the same values as the one I sent to be repaired. It looks different and the envelopes do not appear in 5 minutes, which should be used in the strategy... post1295530071.html#p1295530071
Using envelope deviation instead of using a deviation of 3 it should be something like .03 for a m5 chart, anyway for those interested can use this version where it has a choice of either standard deviation envelopes or regular deviation envelopes, please be advised the Nadaraya-Watson estimator recalculates.
- These users thanked the author mrtools for the post (total 11):
- pin12, Jimmy, josi, xard777, boytoy, kvak, RodrigoRT7, eduarescobar, BeatlemaniaSA, Jedidiah, lukgoku
Re: Trend Indicators
1496Thanks for your hard work, MrTools!
It's hard to find the right deviation...
Re: Trend Indicators for MT4
1498up trend starts
patterns as per snap
see how and where the 4 zigzag leg. position to entry
rsi and stoch must watch for high trend
patterns as per snap
see how and where the 4 zigzag leg. position to entry
rsi and stoch must watch for high trend
"There is NO GOD higher than TRUTH" - Mahatma Gandhi
Re: Trend Indicators
1499Yeah that's the hassle with regular envelopes for every different timeframe you need a different deviation, on the hourly sometimes use .35 or similar deviation also why the option to use regular standard deviation bands.josi wrote: Wed Dec 20, 2023 7:56 pm Thanks for your hard work, MrTools!
It's hard to find the right deviation...
