Re: Trend Indicators for MT4

1692
mrtools wrote: Tue Nov 19, 2024 5:59 am This version seems okay!
Thank you, this is very good indeed. Sadly the signal line input is not working hence the period cannot be changed. Also in the mt4 model I liked the feature very much that the wavetrend changes on slope change. But it is smaller incovinience. What sadly is a major one is that the signal line is stuck to a certain period.
Do you possibly have a soultion for that?

Thank you very much for the indicator, sir!!
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mrtools

Re: Trend Indicators for MT4

1694
mrtools wrote: Tue Nov 19, 2024 10:01 am Yeah, the signal was signaling on the average period instead of the signal period, :facepalm: sorry about that. Everything looks more like it now, will add the coloring later tomorrow sometime. Posted the corrected version at the original post.
Thank you sir, I am suprised by the speed you are helping me and seems like everyone else here. This works great now! Many thanks for it and the slope change in advance as well!!:)
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mrtools


Re: Majority Rules Indicator

1699
Jimmy wrote: Sun Nov 11, 2018 7:26 pm MJR (Majority Rules)

Here is the MJR (Majority Rules) indicator that was coded by Mladen back in 2012. This version has been fixed for MT4 1090.

Description:
The Majority Rules indicator (MJR) shows, in percent, the amount of days with rising prices in the chosen period of time and is often used to either confirm the trend of the underlying instrument (a rising value indicates an uptrend, while a falling value indicates a downtrend) or to signal an overbought or oversold market. An overbought market has very high values, whereas an oversold market has very low values.

Trade signals:
Buy when the value is low (generally lower than 25%, but it may vary depending on the instrument)
Sell when the value is high (generally higher than 75%, but it may vary depending on the instrument)

Calculation
Majority Rules = (number of up bars / n) x 100

Parameters
number of up bars = the number of times where the price has risen compared to the previous bar.

n = the number of periods/bars minus 1.


EURUSDH1_MAJORITY_RULES_INDICATOR_MT4.png
majority_rules_2.mq4
does this indicator repaint ?