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Re: Trend Indicators for MT4

1541 by SijjiN
Adjustable MA & Alternating Extremities
(c) LuxAlgo

"Returns a moving average allowing the user to control the amount of lag as well as the amplitude of its overshoots thanks to a parametric kernel. The indicator displays alternating extremities and aims to provide potential points where price might reverse.

Due to user requests, we added the option to display the moving average as candles instead of a solid line.

USAGE
Moving averages using parametric kernels allows users to have more control over characteristics such as lag or smoothness; this can greatly benefit the analyst. A moving average with reduced lag can be used as a leading moving average in a MA crossover system, while lag will benefit moving averages used as slow MA in a crossover system.

Increasing 'Lag' will increase smoothness while increasing 'overshoot' will reduce lag."
These users thanked the author SijjiN for the post (total 12):
RodrigoRT7, mrtools, Jimmy, boytoy, 太虚一毫, kvak, Sutatong, galaxy, mate, alexm, Abdi, Tur005

Re: Trend Indicators for MT4

1542 by Jimmy
SijjiN wrote: Thu Jan 25, 2024 8:28 pm Adjustable MA & Alternating Extremities
(c) LuxAlgo
Excellent SijjiN thank you for posting it with the explanation 👍
These users thanked the author Jimmy for the post:
SijjiN
Myfxbook live trading results 📊

List of our most powerful reversal indicators + Guide to the "All Averages" Filters (ADXvma, Laguerre etc.)
Fibonacci numbers for indicator settings + How to draw Fibonacci Extensions + How to draw Support & Resistance

Re: Trend Indicators for MT4

1543 by Intrest 1
SijjiN wrote: Thu Jan 25, 2024 8:28 pm Adjustable MA & Alternating Extremities
(c) LuxAlgo

"Returns a moving average allowing the user to control the amount of lag as well as the amplitude of its overshoots thanks to a parametric kernel. The indicator displays alternating extremities and aims to provide potential points where price might reverse.

Due to user requests, we added the option to display the moving average as candles instead of a solid line.

USAGE
Moving averages using parametric kernels allows users to have more control over characteristics such as lag or smoothness; this can greatly benefit the analyst. A moving average with reduced lag can be used as a leading moving average in a MA crossover system, while lag will benefit moving averages used as slow MA in a crossover system.

Increasing 'Lag' will increase smoothness while increasing 'overshoot' will reduce lag."
What is a parametric kernel?

Re: Trend Indicators for MT4

1544 by SijjiN
Intrest 1 wrote: Sun Jan 28, 2024 6:15 am What is a parametric kernel?
parametric
/ˌparəˈmɛtrɪk/
adjective
relating to or expressed in terms of a parameter or parameters.
STATISTICS
assuming the value of a parameter for the purpose of analysis.
"variables with normal distribution were compared by means of parametric tests"

Kernel
The term kernel is used in statistical analysis to refer to a window function. The term "kernel" has several distinct meanings in different branches of statistics.

Now, better will be to read the PDF for more understanding of Parametric Kernel.

:D
These users thanked the author SijjiN for the post:
galaxy

Re: Trend Indicators for MT4

1547 by Jedidiah
mrtools wrote: Thu Jan 25, 2024 4:45 am Nadaraya-Watson estimator (Envelopes) Update with On/Off Toggle Buttons

Arrows added, just my few minutes trading with it, looks very good especially if you use the median slope color as your guide. Thanks for the idea.

PS: For more information including Tank Turner's settings for rangebound markets, please see here.
Dear Mr. Tools
thank you for your work
Can I add MTF to it?
Grateful
Do not show pity: life for life, eye for eye, tooth for tooth, hand for hand, and foot for foot.
Deuteronomy 19:21

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