Thank you mrtools.

mrtools wrote: Sat Sep 28, 2024 3:13 am Added on/off button.

Andean Oscillator

Andean oscillator, updated version from this click

Indicator have MTF, alerts/arrows with choosable methods.

Andean Oscillator - An Innovative Technical Indicator Developed Through an Online Algorithm for Trend Analysis

A novel and straightforward technical indicator, known as the Andean Oscillator, is introduced with the objective of determining both the direction and the magnitude of trend variations in a security. This indicator utilizes an online algorithm and is designed to be applicable for high-frequency trading.

The Andean Oscillator provides users with various insights, primarily focusing on the bull and bear elements.

• When the bull component (green line) rises, it signals bullish price movements, while a rising bear component (red line) indicates bearish price movements.
• If the bull component is above the bear component, it suggests that the market is trending upward, and users can anticipate new higher highs. Conversely, if the bear component is above the bull component, it indicates a downward trend, and users can expect new lower lows.
• The signal line (white dashed line as default) enhances the interpretation of the indicator and can be utilized in different ways:
  • It can help filter out potential false signals that may arise from the interactions between the bullish and bearish components. Therefore, users might consider entering a position when either the bullish or bearish component crosses the signal line.

Method

There are various methods to measure the extent of price trend variations based on their direction (up-trend/down-trend). The method used by this indicator employs exponential envelopes along with a straightforward calculation of standard deviation.

Initially, exponential envelopes are created from both the regular prices and their squared values, resulting in two upper limits and two lower limits.

To find the bullish component, the upper limit of the squared prices is subtracted from the upper limit of the regular prices, and then the square root of that result is calculated.

The bearish component is derived similarly, but it uses the lower limits of the exponential envelopes.

kvak wrote: Sun Sep 29, 2024 12:15 am Andean oscillator, updated version from this click

Indicator have MTF, alerts/arrows with choosable methods.

Well Done. It is working perfectly. I love it. Many thanks. I think it is very useful tools in the trading system.

AteszBatesz wrote: Sun Sep 29, 2024 2:33 am Well Done. It is working perfectly. I love it. Many thanks. I think it is very useful tools in the trading system.

Helló,

Do we know what kind of settings are you using? Szabad tudni, hogy milyen beállításokkal használod?

Köszönöm előre is. Thank you.

forrest85 wrote: Sun Sep 29, 2024 1:34 pm Helló,

Do we know what kind of settings are you using? Szabad tudni, hogy milyen beállításokkal használod?

Köszönöm előre is. Thank you.

I do use the default settings. I do use M5 and M1 to the dominant trend direction.
Alapbeállításokkal használom több idősíkon. M5 ön (On cross bull/bear line) és utána ugyanabba az irányba az első M1 signal

cladi53 wrote: Wed Sep 25, 2024 12:06 am Soo now you have the indicator will share with the community the strategy? That way God will bless you too

Dear cladi53
God has blessed me already when mrtools responded and spent his valuable time to adjust the indicator.
I wrote I am new & I am building my own strategy...it is not established and proven yet..

And I can read that you have your own strategy, please try the indicator..
IMHO, If it is inline with your existing strategy, good for you. Otherwise, it will distract the other..
There are thousand indicators here...wow..

ujtrader wrote: Wed Sep 25, 2024 3:39 am He already shared it, LOL! Just like that, God blessed him with the indicator he wanted!
Below, I have posted the image from his post.

Here is the strategy, as far as I understand. Thanks to Hardyan for sharing it!
i am testing it working good on all xxx/jpy pairs

its simple buy and sell using the indicator..
The second to last level from above: if the line crosses below it, it’s a strong sell the rest of the crosses from above are sells.
The second to last level from below: if the line crosses up, it’s a strong buy the rest of the crosses from below are buys.
A line crossing zero on either side is not a signal it means the market is still in a sideways movement.
So, we eye on strong buy and strong sell signals only. If we miss any, we can take a buy or sell in the same direction as the last strong signal until we find an opposite strong signal.

I'm not sure which moving average he is using but let’s see if Hardyan wants to add something if he finds i am missing anythin.

Dear ujtrader
Yes yes yes..you got it right
It is simple to understand.

Somehow the latest indicator is not giving the image requested initially.
I have asked mrtools twice to modify it... I am reluctant to ask for more..

Maybe someone else who find it very useful could make it into realization..
God bless you.

Hardyan wrote: Mon Sep 30, 2024 11:07 am Dear cladi53
God has blessed me already when mrtools responded and spent his valuable time to adjust the indicator.
I wrote I am new & I am building my own strategy...it is not established and proven yet..

And I can read that you have your own strategy, please try the indicator..
IMHO, If it is inline with your existing strategy, good for you. Otherwise, it will distract the other..
There are thousand indicators here...wow..

i dont undestand the part you said i distract others. Anyway good luck with your system.

cladi53 wrote: Tue Oct 01, 2024 5:16 am i dont undestand the part you said i distract others. Anyway good luck with your system.

Dear cladi53
Sorry for my English, it means the SPB Filter indicator could give contradictive result with your existing system.
Thank you for your wish...I am developing it.
God bless you..

kvak wrote: Sun Sep 29, 2024 12:15 am Andean Oscillator

Andean oscillator, updated version from this click

Indicator have MTF, alerts/arrows with choosable methods.

Congratulations you guys...... what a superbbbb indicator I am going to have fun with this thank you so so much bros!!!!