Hi vvFish
mrtools wrote: Sun May 15, 2022 3:07 am Step average (ATR Based) for MT4 & MT5
From Mladen Rakic:
Basics:
We are all using averages for market assessment. One of the ways averages are used is using the change of the slope of the average as a signal. But that way tends to produce a lot of signals in ranging market. One of the way to lessen that number of signals is to filter out insignificant changes in average.
This version:
It is using percent of ATR (Average True Range) as a filter. It is done in order to fix one of the weak points of using fixed (pips) step size : different time frames tend to have different results for fixed step size (ie: higher time frames become almost without steps and lower time frames still have those steps for same setting). Percent of ATR usage fixes that and makes it a sort of adaptive. The rest is the same: if the average does not changes for more than the required step, the value of the average remains the same. Otherwise it is changed in order to reflect the nearest value based on the required steps. Averages supported are the following:
- simple moving average (SMA)
- exponential moving average (EMA)
- smoothed moving average (SMMA)
- linear weighted moving average (LWMA)
Usage:
You can use the color changes as signals
ps) the mt4 version is using Mladen's Atr function instead of the built in Atr and a few more averages.
Okay can't find that code in my files will make a new version for testing. Please keep in mind I don't know of any renko charts that don't repaint and that could very well be the issue.SS33 wrote: Tue Jul 09, 2024 8:51 pm Dear mrtools,
I am testing this indicator on the renko charts on xauusd, and I have observed that it repaints or recalculates the entire chart after every few bricks formed in either direction !!!
I was surprised to see that it did the same even after restarting the mt4 terminal
Either the signals bar's colour change would have moved or disappeared altogether
I have attached pictures of the same indi with arrows to demonstrate the issue
unfortunately its the same with other instruments of different renko brick-sizes too
Also, while the renko-bricks are forming during live market, the indicator line which is already printed keep changing colour to sell/buy many a times.
SIr, could this simple and amazing indicator be fixed ?
Thanking you
Best Regards
SS
Dear mrtoolsmrtools wrote: Tue Jul 09, 2024 11:48 pm Okay can't find that code in my files will make a new version for testing. Please keep in mind I don't know of any renko charts that don't repaint and that could very well be the issue.
ps) Just dawned on me have this version, I know it doesn't repaint and it's the same just has more stuff added.
The renko is what is repainting. Nothing I can do about that.SS33 wrote: Wed Jul 10, 2024 12:59 am Dear mrtools
Thank you for the quick response
I have attached the video to understand the issue with these indies on live renko chart (20 pip brick - xausud)
both share the same settings on the chart, however the later one (with more options) seems to draw/signal a different result to the simpler one!
Best Regards,
SS
Dear Sirs,mrtools wrote: Wed Jul 10, 2024 1:05 am The renko is what is repainting. Nothing I can do about that.
Again, renko recalculates it's bars every time the terminal has a restart or hiccup, without an anchored start time it will repaint. Anyway, noticed some slight differences in the atr/std calculation as you said and corrected it and for sure these versions will not repaint if you see repainting it will more than likely be from the renko you are using causing it. Have heard of only one non-painting renko but have never verified it to be so.SS33 wrote: Wed Jul 10, 2024 1:21 am Dear Sirs,
could it be because of the usage of atr calculations ..? just wondering...
also because the other indicators are not recalculating, I keep wondering what could be the issue ...
only the step ma indicators are recalculating and the other indies are not ....
step ma indi I think is a good one and I really want to test it and use it as part of strategy... but this recalc thing is worrying me!
just for your reference, attached a video
It can be seen that the other indicators are stable, step indis are recalc'ing on incoming ticks...
Best Regards,
SS
Dear mrtoolsmrtools wrote: Wed Jul 10, 2024 6:32 am
without an anchored start time it will repaint. Anyway, noticed some slight differences in the atr/std calculation as you said and corrected it and for sure these versions will not repaint if you see repainting it will more than likely be from the renko you are using causing it....
would you please shed some light about the name of non-repainting renko generator [or the time-anchored renko generator]...?mrtools wrote: Wed Jul 10, 2024 6:32 am
.... Have heard of only one non-painting renko but have never verified it to be so.
Dear kvakkvak wrote: Mon Nov 13, 2023 7:29 am Step Moving Averages with 2/3 state coloring options
Try this mod, I added menu for 2/3 state coloring. If you add 3 state, it gives you neutral (no trend/chop) zone that are grey and once the next trend starts, it will begin with arrows/alerts.
Hello, sorry for the late answer just saw your post. The version I heard about is ovo renko charts, think it cost around $50 and he offers think it was a 15 day demo, but have never tested them to verify about repainting.SS33 wrote: Tue Jul 16, 2024 4:22 am Dear mrtools
you are right!!!
the issue is caused because renko is building the chart on the given 'n' number of bars, and every new bar being built would forego the oldest bar...
and this would in turn mess up the indicator signals, (I observed this during live markets the past 3 sessions)
thanks a ton for enlightening me on this !!!
would you please shed some light about the name of non-repainting renko generator [or the time-anchored renko generator]...?
Thanking you in advance sir
Best Regards
SS
