josi wrote: Wed Nov 09, 2022 5:46 pm As far as I know there is no such thing as "high-low trend" but there you are...
a) everybody trades differently (for me higher-TF-bias is more important than trading TF; exit is more important than entry etc)
b) in MrTools screenshot you have one subwindow
(this is all you need; all the other ones only show that you don't trust your setup; the more indicators you use the higher the likelihood that signals will contradict each other and freeze your decision making; trading is about probability, i. e. you always lose some trades; if you have an edge this edge will show over many trades (>1000), not necessaritly over the next 10 or 20): this is the reason you always have to backtest and forward test each strategy extensively)
MA: tells you about bias (above zero = bias is up; below zero = bias is down)
histo: gives you entries and exits (zero-cross) - (actually: turning points after extreme, i. e, slope up vs slope down)
So the inputs you use decide on how you want to replicate market structure.
Having said this: of course, it is more compliated than that
MA: above zero but moving downward is retracement (but can turn into down); below zero but moving upward is retracement (but can turn into up) etc
As I said: if you want a simple formula, Xard is a good starting point because he has tried to visualize market bias (to indicate possible market turning points ("big dots") and higher highs, higher lows vs lower lows, lower highs ("smaller dots")
(Dow theory - one of the earliest market theories around; yet still essential to understand market cycles)

sal wrote: Tue Nov 08, 2022 6:17 pm higher highs, higher lows - buy
lower lows. lower highs sell;

joshy
i like your clear explanation bro...
i did some some lines plot on arrows ,based on indies where the exact you mentioned above!
arrows recently made my mr.tools and its good one

arobin wrote: Wed Nov 09, 2022 12:48 am Dear Kvak,

I hope all is well with you.

Could you please add MTF/interpolation (and maybe alerts) to this indicator?

Thank you & regards,

Robin

Banzai wrote: Thu Jul 07, 2022 10:44 am



Standard Deviation Channel
(on/off button)

arobin wrote: Thu Nov 10, 2022 5:41 pm Thank you Kvak,

I need a MTF standard deviation channel indicator. If you have one in your database, could you please share it with me?

Best,

Robin

mrtools wrote: Wed Nov 16, 2022 9:34 am This is an attempt to try and at least get close to Mladen's perfect trend line 2, think this is pretty close.

mrtools wrote: Tue Apr 19, 2022 9:14 am Made the histo 4 color and added a button.