Re: Trend Indicators for MT5

81
mrtools wrote: Thu May 15, 2025 3:52 am This is a conversion from a mt4 t3 vhf adaptive Itrend.
I feel this is a really important indicator for MT5 traders, thank you Mrtools.

The VHF filter picks up well on volatile pairs. The settings I like with volatile pairs are all default but change:
  • T3 Calculation Mode: False
  • Lookback period for Levels: 500
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Re: Trend Indicators for MT5

82
mrtools wrote: Thu May 15, 2025 3:52 am T3 VHF Adaptive Itrend MT5

This is a conversion from a mt4 t3 vhf adaptive Itrend.

For more information on the components of this Itrend, we recommend the following posts:
This is a wonderful one Mr.Tools, thanks!

PS: affected by my histogram stacking mania would you consider to create an histogram version?
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Re: Trend Indicators for MT5

83
Jimmy wrote: Thu May 15, 2025 7:38 pm I feel this is a really important indicator for MT5 traders, thank you Mrtools.

The VHF filter picks up well on volatile pairs. The settings I like with volatile pairs are all default but change:
  • T3 Calculation Mode: False
  • Lookback period for Levels: 500
Just made a minor update or guess should call it a correction, on the T3 calculation mode meant to make it a dropdown to choose the mode, had mistakenly left it as a Boolean. It is basically the same but, on the dropdown, it will explain what type of T3 in a more user-friendly way. Anyway, posted the updated version at the original post.

ps) if using T3 Calculation mode = false it will be the faster Fulks/Matulich way of calculation, otherwise it will be the Tim Tillson way of calculation.
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Re: Trend Indicators for MT5

84
mrtools wrote: Thu May 15, 2025 8:55 pm ps) if using T3 Calculation mode = false it will be the faster Fulks/Matulich way of calculation, otherwise it will be the Tim Tillson way of calculation.
Got ya, Thanks for the solid explanation and noting that the False toggle will actually use Fulks/Matulich calculations instead within this MT5 indicator.
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mrtools
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