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Re: Trend Indicators for MT4

Posted: Fri Jan 31, 2025 3:25 pm
by boytoy
kvak wrote: Fri Jan 31, 2025 10:51 am My version of Halftrend for testing.
Calling it Halftrend (slope).
Indicator have MTF, alerts and arrows.
Itching to get home and experiment with it... excited to ask what would you say the main difference is with this indicator and the original? Sorry for the question just not at my pc to test until midnight and stuck at the inlaws lol..

Edit: it's 10:25 pm here

Re: Trend Indicators for MT4

Posted: Fri Jan 31, 2025 5:52 pm
by kvak
boytoy wrote: Fri Jan 31, 2025 3:25 pm Itching to get home and experiment with it... excited to ask what would you say the main difference is with this indicator and the original? Sorry for the question just not at my pc to test until midnight and stuck at the inlaws lol..

Edit: it's 10:25 pm here
Hello. It is a bit simplified from original here in forum...sometimes little faster from original and based on slope of line. Is made as a function, I want it use in my average pack...send me a feedback after your test...

Re: Trend Indicators for MT4

Posted: Fri Jan 31, 2025 7:43 pm
by boytoy
kvak wrote: Fri Jan 31, 2025 5:52 pm Hello. It is a bit simplified from original here in forum...sometimes little faster from original and based on slope of line. Is made as a function, I want it use in my average pack...send me a feedback after your test...
TESTING CONFIRMED... WE HAVE A WINNER

The new Half Trend slope does not repaint and cuts out false signals.

Below I will display the arrows of Kvak's new Half Trend in LIGHT BLUE and LIGHT ORANGE
The old Half Trend's arrows are DARKER BLUE and DARKER ORANGE

You can see the Half Trend slope will react faster and is almost identical to the old version but doesn't repaint.

This is actually a big wow moment because the old half trend was unusable due to repainting and the half trend short was good but had too many false signals... incredible feat test it yourselfs ☝️

Re: Trend Indicators for MT4

Posted: Fri Jan 31, 2025 9:40 pm
by Jimmy
boytoy wrote: Fri Jan 31, 2025 7:43 pm TESTING CONFIRMED... WE HAVE A WINNER

The new Half Trend slope does not repaint and cuts out false signals.

Below I will display the arrows of Kvak's new Half Trend in LIGHT BLUE and LIGHT ORANGE
The old Half Trend's arrows are DARKER BLUE and DARKER ORANGE

You can see the Half Trend slope will react faster and is almost identical to the old version but doesn't repaint.

This is actually a big wow moment because the old half trend was unusable due to repainting and the half trend short was good but had too many false signals... incredible feat test it yourselfs ☝️
Nice work, thanks for posting a comparison 👍

The new Half Trend by Kvak is indeed better at filtering. It's very clever.

Re: Trend Indicators for MT4

Posted: Sat Feb 01, 2025 12:57 am
by COGSY
This half trend slope is almost identical to this AW trend predictor on the mql market place

Awesome stuff, save your money

https://www.mql5.com/en/market/product/ ... ile+Seller

Re: Trend Indicators for MT4

Posted: Sat Feb 01, 2025 4:44 am
by RodrigoRT7
kvak wrote: Fri Jan 31, 2025 10:51 am Half Trend Slope

My version of Halftrend for testing.
Calling it Halftrend (slope).
Indicator have MTF, alerts and arrows.

PS: If you are new to the Half Trend indicator, please consider reading: What is the Half Trend indicator?
Hi Kvak, how are you?

As our friend Boytoy anticipated, Halftrend is very interesting.

therefore, you could include your avgs and RMAs?

If you can include those Efficiency Ratio RMA, plz.

I think everyone will like to see this classic indicator with variations of Avgs/Rmas.

tks so much, again!!!

Re: Trend Indicators for MT4

Posted: Sat Feb 01, 2025 11:20 am
by kvak
RodrigoRT7 wrote: Sat Feb 01, 2025 4:44 am Hi Kvak, how are you?

As our friend Boytoy anticipated, Halftrend is very interesting.

therefore, you could include your avgs and RMAs?

If you can include those Efficiency Ratio RMA, plz.

I think everyone will like to see this classic indicator with variations of Avgs/Rmas.

tks so much, again!!!
Hello, I made one version and the difference betwen averages is not much....I will upload it here, but probably not until tomorrow..

Re: Trend Indicators for MT4

Posted: Sat Feb 01, 2025 7:43 pm
by moey_dw
COGSY wrote: Sat Feb 01, 2025 12:57 am This half trend slope is almost identical to this AW trend predictor on the mql market place

Awesome stuff, save your money

https://www.mql5.com/en/market/product/ ... ile+Seller
Well what do you know it is the same but Kvak's one has less overshoot and is nonrepainting..... so I would say AW Trend predictor was based on old half trend and optimized in some way to improve the old half trend haha not being bias just trying a demo

Re: Trend Indicators for MT4

Posted: Sun Feb 02, 2025 9:55 am
by mrtools
wojtek wrote: Sun Feb 02, 2025 7:47 am Have you coded the MT4 version too?
Optimized Trend Tracker

Made this version, not sure how close to Alex's mt5 version though.

What exactly is the Optimized Trend Tracker code about?

The Optimized Trend Tracker is a modified Chande Momentum Oscillator (CMO) with a moving average-based trend filter.
  • The OTT period (length) is set to 9 (can be modified).
  • A percentage factor (percent) of 1.4% is used for threshold adjustments.
The Optimized Trend Tracker (OTT) serves as a trend-following indicator that modifies its functionality in response to the market's momentum (CMO) and fluctuations in price. It functions as a flexible stop-loss mechanism as well as a trend filter, producing buy and sell signals when prices breach OTT thresholds.

This tool assists traders in maintaining their positions within trends while minimizing the risk of false signals by adapting to price volatility in real time.

Other indicators to consider:

Re: Trend Indicators for MT4

Posted: Sun Feb 02, 2025 10:27 am
by wojtek
Great! Thanks a lot! ;)