lorne wrote: Tue Oct 18, 2022 12:28 pm mrtools
could you please add "Spread" to this indicator? MT5 dailydata

Thank you
lorne

Added spread.

Hello

Good evening @Mrtools

I greet all other distinguished coders on this forum

Can I get an mtf version of this indicator below.

Can alerts on crossing middle line (50) be added to it.

Any help is highly appreciated.

Best regards.

Find attached below

mrtools wrote: Sun Apr 10, 2022 11:55 am Added mtf, alerts, and arrows.

Expect the teacher to make the iTrend avgs (mtf + alerts + arrows) .mq5 version.

The merit is immeasurable!

太虚一毫 wrote: Wed Mar 22, 2023 9:56 pm Expect the teacher to make the iTrend avgs (mtf + alerts + arrows) .mq5 version.

The merit is immeasurable!

Made a version with all the averages.

mrtools wrote: Thu Mar 23, 2023 7:02 am Made a version with all the averages.

Hello sir
could you mention me for the arrow buffer? for running on EA

thanks sir

Wilson Relative Price Channel

From Mladen Rakic:

Basics:

Wilson Relative Price Channel by Leon Wilson was described in the July 2006 issue of TASC. It is using the RSI to draw on chart trading zones, but in its original version there is one issue with it : on lower time frames it simply will not work - ie: it works, but the displayed results are not usable for trading decisions. It is using price % change as a basis for channel drawing and that is why it can work only on high time frames (mostly weekly and higher)

This version:

In this version we are using the Wilson's idea but with a modification: instead of using price % change as a basis, we are using ATR. That way the indicator can work on any time frame (since it is adjusting itself to time frame of the chart via ATR calculation).

Usage:

It can be used the original intended way - you can use the zones as overbought and oversold zones

Comment about the mod from Leon Wilson:

Hi Mladen, Leon Wilson here, the modifications you have made are sound. The original indicator I designed was initially intended for high value equities trading on a daily and weekly timeframe.

Your adaptation to Fx remain within the intended application as I originally developed. The use of ATR is a natural progression for trading low value short timeframe instruments.

Thank you for adaptation to MT5

Cheers
Leon Wilson


Mt4 version here

mrtools wrote: Thu Nov 25, 2021 11:37 am Added mtf.

Ask the teacher to modify Rex (extended + MTF):

Like OBV (extended), the signal line intersects the channel and changes color.

太虚一毫 wrote: Wed Apr 12, 2023 11:04 am Ask the teacher to modify Rex (extended + MTF):

Like OBV (extended), the signal line intersects the channel and changes color.

Try.

Banzai wrote: Sat May 28, 2022 8:30 am

I think the Trend direction and force - smoothed version is ideal.

Looking forward to adding the latest average as a smoothed method.

mrtools wrote: Fri Nov 26, 2021 6:14 am This would be the obv with mtf.

Obv extended is an excellent indicator!

Request again the teacher when there is free time, add the average value for the signal smoothed.

The merit is immeasurable!