mrtools wrote: Wed Jul 13, 2022 3:56 am PdfMA Awesome Oscillator
From Mladen Rakic
Theory :
Bill Williams's Awesome Oscillator Technical Indicator (AO) is a 34-period simple moving average, plotted through the bars midpoints (H+L)/2, which is subtracted from the 5-period simple moving average, built across the bars midpoints (H+L)/2. It shows us quite clearly what’s happening to the market driving force at the present moment.
This version :
It is using PdfMA (Probability Density Function weighted Moving Average) instead of using SMA (Simple Moving Average). It is deviation from the original Ao since in the AO there is no parameter that you can change, but in this you can change the variance part of the PdfMA calculation. That way you can get different values for the AO even without changing periods of calculation (the general rule of thumb is : the greater the variance, the smoother the result)
Usage :
You can use color changes (mainly on zero cross) for trend change signals
Converted it and added mtf.
Just made a simple MT4 version like you asked and on my platform silver is the default color setting.TransparentTrader wrote: Mon May 15, 2023 5:21 am Just a friendly heads-up: The "up level" and "down level" don't appear on the indicator unless you manually go into the Levels tab and set the color to be anything other than None.
mrtools wrote: Mon May 15, 2023 5:45 am Just made a simple MT4 version like you asked and on my platform silver it the default color setting.
Add smoothing period to 1.(it makes no sense to change the average type if you have period 1. Use ema, or sma. Some average type dont working with period 1.)TransparentTrader wrote: Mon May 15, 2023 5:56 am Looks awesome, especially with the option to add smoothing and change the type of moving average used for both the Bulls/Bears calculation and the smoothing itself.
If I don't want any smoothing whatsoever, what inputs do I need to change and how?
Vladimir1968 wrote: Mon May 15, 2023 9:15 am I ask the moderators to move this message to the appropriate place, I myself can't post anywhere else.
I tried all the Halftrend indicators, the best of them is the indicator from Mladen
viewtopic.php?p=1295475274#p1295475274
unfortunately, he draws extra arrows, sometimes even in the opposite direction, and he has no history limit.
The rest of the Halftrend indicators either work very slowly, as they recalculate the entire history at each tick, or redraw, or both.
Therefore, I made my own indicator with a history limit for calculation, the indicator turned out to be fast and does not redraw. You can compare his with the Mladen indicator by putting them together, they work synchronously.
The indicator can be configured in the form of clouds, but this is for an amateur.
halftrend_fast.ex4
