maroka wrote: Tue Jan 30, 2024 11:50 pm Hi Mrtools hope your week's going well?
Please I need help with an indicator like the Daily open indicator that can be adjusted for each timeframe.
Or is it possible to make this one MTF?
Thank you.
Re: MT4 Indicator requests and ideasThank you very much, I was searching for something like that. Btw... I have changed to arrows, default period is now 7, and I have changed some colors in file, so if somebody wants to have this version I will post the indicator file. Thanks once again for fast help
Hello dear @kvak. As we know RVI is a very good momentum indicator for Scalping. Since it is using SMA and normal price types, i think this indicator can have a great deal of improvement with using HA type prices and other averages in it's formula. I hope this can catch your interest to make a new version of RVI which the average and price types can be selected. Attached a picture of the formula that is also described here: https://www.investopedia.com/terms/r/re ... _index.asp. Best regards.
Try this simple version with smoothing, added also mtf.ixion700 wrote: Wed Jan 31, 2024 6:56 am Hello dear @kvak. As we know RVI is a very good momentum indicator for Scalping. Since it is using SMA and normal price types, i think this indicator can have a great deal of improvement with using HA type prices and other averages in it's formula. I hope this can catch your interest to make a new version of RVI which the average and price types can be selected. Attached a picture of the formula that is also described here: https://www.investopedia.com/terms/r/re ... _index.asp. Best regards.
Thank you very much, this is way better now, making less false signals. Just to make sure, is the smoothing type used in calculations (inside formula) or is it applied on the outcome of the formula?
Looks like it already has mtf.dmnik wrote: Wed Jan 31, 2024 7:16 pm Hello! Please add the MTF function to this wonderful indicator and add arrows when changing colors. Thank you for your attention !
Posted a version hereShintsu49 wrote: Thu Feb 01, 2024 1:29 am Hi Mr Tools,
in the Tipu Renko indicator there's a section called "Renko Mark" in which is possible to choose between brick mode and arrow mode. Is it possible to have both of them? Meaning having the arrows when brick mode is chosen.
Thanks and best regards!
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