Re: Various (Specialist) indicators for MT4

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boytoy wrote: Thu Mar 27, 2025 11:05 am Good looking out thank you sir gonna give it a try now 🙏
In my opinion, the Ehlers indicator looks very good on small timeframes in this version, which changes color to red and green depending on the height of the histogram. It is very good to use for beginners in the latest version Xard system to confirm after a small dot appears. I was looking at gold M5, the parameters of the indicator are 8, 3.
This indicator can also be used in any system to work in the direction of the trend of the higher timeframe.
Link to indicator: viewtopic.php?p=1295510485#p1295510485
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LikeRe: Various (Specialist) indicators for MT4

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zelepuk wrote: Sat Mar 29, 2025 12:48 am In my opinion, the Ehlers indicator looks very good on small timeframes in this version, which changes color to red and green depending on the height of the histogram. It is very good to use for beginners in the latest version Xard system to confirm after a small dot appears. I was looking at gold M5, the parameters of the indicator are 8, 3.
This indicator can also be used in any system to work in the direction of the trend of the higher timeframe.
Link to indicator: viewtopic.php?p=1295510485#p1295510485
Fantastic 8, 3 on the EFT work very good for M5.. that's a nice setting thanks for test👌
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RodrigoRT7

Re: Various (Specialist) indicators for MT4

1494
lukgoku wrote: Wed Mar 26, 2025 7:34 pm if you are interested try the trend trigger at 100 on m1 with RMA and smoothing period at 8, it looks really good to me
Try adding this indicator with a period of 75 to M1. This indicator will help you filter out false movements and stay in the game. I meant to add this indicator to the trend scalp with parameters 100, 8.
In my opinion, it looks good.
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CodeRe: Various (Specialist) indicators for MT4

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Topguy7 wrote: Sat Apr 19, 2025 7:18 pm Hi Mrtools. saw an old indicator converted by you to mt4,was wondering if you still have it and if arrow/alerts can be added to it.Thanks.
The ex4 is working on my platform but mq4 which you posted is not attaching . Attached are the 2 . Thanks
REI (Range Expansion Index) with Jurik RSX & Confidence Bands

Hello, this version with alerts and arrows seems better.

What is the Range Expansion Index?

The Range Expansion Index (REI) is an oscillator designed to assess the rate of price changes and to indicate OBOS (overbought and oversold) conditions when there is a sign of price weakness or strength. This indicator was created by Thomas DeMark and is detailed in his publication, New Market Timing Techniques: Innovative Studies in Market Rhythm & Price Exhaustion.

The values of the REI range from -100 to +100. It is considered an advanced oscillator because it remains neutral during periods of price stability and only indicates trends when significant peaks or troughs are achieved.

Confidence Bands

This version of the REI includes Confidence Bands.

A confidence band in statistical analysis illustrates the "uncertainty" in estimating a curve or function from limited or noisy data. Likewise, a prediction band indicates the uncertainty of a new data point on the curve, influenced by noise.

Confidence bands are closely associated with confidence intervals, which indicate the uncertainty in estimating a single numerical value.

The RSX plays an important role in this indicator

This version is founded on the idea put forth by Mark Jurik, who recommends that the REI can be determined by adding rsx(high) + rsx(low), leading to a notably smoother result.
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