mrtools wrote:Wed May 29, 2019 12:34 pm


A little more updated version added coloring of the vortex if vortex plus greater or less than vortex minus and added arrows at the cross.

Is there an MTF version of this indicator?

Cheers,
Bleemus

Bleemus wrote:Sun Jun 23, 2019 10:49 am


Is there an MTF version of this indicator?

Cheers,
Bleemus

Added mtf.

Wow! That was fast! Thank you Mr Tools!

Cheers,
Bleemus

Here is an interesting indicator which was translated & coded for MT4 by Mladen called the Relative Strength Rank.

The RS Rank indicator is actually a ranking tool which is used to compare a group of Stocks, ETFs or Futures Contracts to determine which specific instrument is performing best. The indicator creates a score based upon the symbols historical price movement.

As explained by Mladen in our saved notes:
Used default parameters but added options to change all the parameters used in calculation from the first link you posted, and embellished it a bit compared to the code you posted.

Also added something that does not exist in the original - price (price used in calculation of ROC) smoothing. Here is an example of an 2 period price smoothed RSR from the above example - it seems that the price smoothing (mild price smoothing) adds to readability of the indicator and adds only minimal or no lag at all.

LSMA Least Square Moving Average (Channelled)

This is the Least Square Moving Average channelled made by Mladen for MT4 and is an excellent tool for trading trends and timing swing trading entries.

As explained by Mladen:
Well, first version of LSMA trend was posted long time ago and it was made only to show what some other indicator was about. In the mean time it was renamed (surprise, surprise ... ) and posted as something different while nothing at all was changed in it.

The main problem (in my opinion) with the old version was the "oversensitivity" since all it is looking for is a slope of linear regression value (LSMA == linear regression value). This version is a possible way to avoid that "oversensitivity" and ads a kind of a filter on it that might help in avoiding "insignificant" changes.

Trend Analysis Index

This is the Trend Analysis Index which was coded by Mladen for MT4 & is a solid-performing, non-repainting indicator which is suitable for novice traders who are trying to learn how to trade trends and time entries. Even though it was coded back in 2011, a handful of the Forex-TSD traders like fxnewbie began using this over the traditional MACD.

As explained by Mladen:
Trend Analysis Index

This one was initially developed a long time ago (by Adam White), but my search for it on Metatrader did not give any results, so here it is for Metatrader 4 too ...

PS: Default Ma Length in the original is 20 but I decided to use 10 instead. Also, the original uses simple moving average for calculation (MaMode 0) but you might experiment with different modes - might give interesting results (like the example bellow : EMA mode (MaMode 1) and TaiLength 10). So, now we have it for metatrader too. At a first glance it looks useful. Maybe it helps someone in trading

Jimmy wrote:Sat Jun 29, 2019 11:33 pm This is the Least Square Moving Average channelled made by Mladen for MT4 and is an excellent tool for trading trends and timing swing trading entries.

As explained by Mladen:
Well, first version of LSMA trend was posted long time ago and it was made only to show what some other indicator was about. In the mean time it was renamed (surprise, surprise ... ) and posted as something different while nothing at all was changed in it.

The main problem (in my opinion) with the old version was the "oversensitivity" since all it is looking for is a slope of linear regression value (LSMA == linear regression value). This version is a possible way to avoid that "oversensitivity" and ads a kind of a filter on it that might help in avoiding "insignificant" changes.

Jimmy, I am loving this. Is there a way to add alerts and maybe arrows to this please?? It is showing great promise for catching reversals quicker than other tools.

rain wrote:Thu Jul 18, 2019 1:47 pm Jimmy, I am loving this. Is there a way to add alerts and maybe arrows to this please?? It is showing great promise for catching reversals quicker than other tools.

Rain! That is an excellent idea man and thanks for letting us know that you're liking this indicator.

I'm really hoping Mrtools still has a MQL4 version of the file so some upgrades can be applied

rain wrote:Thu Jul 18, 2019 1:47 pm

Jimmy, I am loving this. Is there a way to add alerts and maybe arrows to this please?? It is showing great promise for catching reversals quicker than other tools.

Added arrows,alerts, and made it more user friendly.

mrtools wrote:Fri Jul 19, 2019 4:24 am Added arrows,alerts, and made it more user friendly.

Just realized i did the wrong indicator will try and find the source and add alerts.