PumbaPLS wrote: Thu Apr 21, 2022 7:21 pm can an option to add colours be added to this indicator?

You can change them by editing the code (search for: color)

PumbaPLS wrote: Thu Apr 21, 2022 7:41 pm Yes! Thanks!

Hope, you like it:
viewtopic.php?p=1295465441#p1295465441

1000 MT4 Indicators

just for you

Something you might like:

MT4: simple & out of the box: H4 34 EMA, 25 CCI, 50 CCI, fractals BUY: 25 CCI closes above zero, for 2 periods or bars {avoiding whipsaw} after that: 50 CCI closes above zero, or has a strong ascending slope towards zero after that: price MAY close higher than the 34 EMA. If it does: buy stop lo...

I think it could be an interesting tool for anaysis, nevertheless - only take a look at this screenshot. Should it turn out that the final move up could have been anticipated by fast MA above slow MA (can't tell about possible repainting-issue during the weekend), I think it wouldn't have done all ...

Rules: H1 Step OMA is the trend. Do not use M30 trend. It gives some false signals. 1. Try not to go LONG at ADR 100%. That's the maximum Average Daily Range for the day. 2. Try not to go LONG at yesterday High 100%. That's yesterday high. 3. Try not to SHORT at ADR 0%. That's the minimum Average D...

honje19960321 wrote: Sun May 01, 2022 8:18 pm

I adjusted it a bit - is it better now? Who knows?

mrtools wrote: Wed May 04, 2022 10:52 pm Cleaned up the code a bit and did it a little differently then added mtf.

This may be of use if you combine it with an MA:

a) MAs don't work during ranges (depending on the TF on which they occur, they can be pretty wide); see: random walk.... b) directional bias doesn't mean that price only moves down once it breaks below (or up once it breaks above); instead it gives you a hint in which direction (up or down) you sho...