boytoy wrote: Wed Mar 05, 2025 6:56 pm Candlesticks and lines arent working when you turn off Auto Candlestick Width option can we get a fix please... super eager to use this over the old Step nema

mrtools wrote: Thu Mar 06, 2025 12:54 pm Found the candles were not turning off when disabling them, fixed that and added options to color however desired. Again, posted in the last spot.

mrtools wrote: Thu Mar 06, 2025 12:54 pm Found the candles were not turning off when disabling them, fixed that and added options to color however desired. Again, posted in the last spot.

mladen wrote: Mon Feb 27, 2017 7:55 pm Here is a newest version of StepMa averages (with the lighter mtf mode included already). Also line width option included

Lhj wrote: Tue Mar 11, 2025 11:41 pm Hello, does this version have MT5

mntiwana wrote: Tue Feb 21, 2017 8:38 am As one of our member asked for "Where can I find the indicator StepMa averages4_11?"
here is that one including histo and sub window versions too.

     

mrtools wrote: Wed Mar 05, 2025 1:04 am New Step NEMA indicator with Colored Candlesticks

Thanks, changed to colored candlesticks instead of bars.
As per the previous post I wrote, this is a new version of step ma of nema, seems to hug the price better, but remains to be seen if it is an improvement of the last version.

What is the NEMA?

NEMA (n-EMA) can calculate up to 49 EMA's and it uses up to 50 calculating buffers internally.

It calculates EMA, DEMA, TEMA and so on depending on NemaDepth parameter. In simple terms, using "3" in the NemaDepth will give you Triple Exponential Moving Averages. Using "40" in the NemaDepth will give you Quadragintuple Exponential Moving Averages.

Nema can calculate all the known variations (offspring) of EMA : EMA, DEMA, TEMA, DecEMA and so on, up to "levels" or "depth" 50 (Quinquagintuple Exponential Moving Average).

Some known depths:

• 1 (period) equals EMA: Single Exponential Moving Average
• 2 (period) equals DEMA: A Double Exponential Moving Average
• 3 period) equals TEMA: Triple Exponential Moving Average
• 4 period) equals TEMA: Quadruple (Quad) Exponential Moving Average
• 5 period) equals TEMA: Quintuple Exponential Moving Average
• 10 (period) equals DecEMA: Decuple Exponential Moving Average

With 50 (period) being the maximal depth calculated by this indicator.

Jimmy wrote: Mon Mar 15, 2021 4:13 pm ATR Bands vs Custom Deviation Bands

This is really good. Different results can be seen when changing the Bands from ATR to either Custom Standard Deviation.

Without getting too technical, how can we use ATR Bands Vs Custom Standard Deviation Bands?

• Use the ATR bands for predicting possible reversal areas and candlestick exhaustion
• Use the Custom Standard Deviation for entering breakouts and forecasting Volatility whenever the bands "PINCH"

ATR Bands
Step NEMA indicator with ATR Bands Non-repainting for MT4.png


Custom Standard Deviation Bands
Custom-standard-deviation-step-nema.png


Thank you Mrtools and Ganesh for the idea