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Re: Various Indicators - (MT5)

Posted: Sat Apr 19, 2025 8:39 am
by mrtools
lukgoku wrote: Sat Apr 19, 2025 6:14 am Hi Mrtools, I did some comparisons with the Mt4 version and it looks identical, although today's market conditions are not ideal for testing an indicator. I use it with a different configuration from the default and it is definitely the same. If you can also add smoothing it becomes perfect.

Thank you. Luk.
Added the average smoothing and alerts.


ps) didn't add the button noticed they are not working very well in mt5, need to investigate more!

Re: Various Indicators - (MT5)

Posted: Sat Apr 19, 2025 5:00 pm
by lukgoku
mrtools wrote: Sat Apr 19, 2025 8:39 am Added the average smoothing and alerts.


ps) didn't add the button noticed they are not working very well in mt5, need to investigate more!
Thank you for this Easter gift!

Personally I don't use the button, for me it's perfect like this.

Happy Easter Mrtools and to all the forum

Re: Various Indicators - (MT5)

Posted: Sun Apr 20, 2025 6:16 pm
by ChuChu Rocket
budhi1976 wrote: Wed Apr 16, 2025 11:14 pm Thank you for pointing it up and yes, I have made the adjustment so that you can change them to your liking. Please re-download it.
Budhi man thank you, I was starting to worry that we'd be stuck with the colors haha 😂

Now you've made the indicator truly special.

Re: Various Indicators - (MT5)

Posted: Sat Apr 26, 2025 8:54 pm
by Tsar
LF (Line Field) indicator

Indicator line field (SMA, BB, PC).
We count hundreds of identical indicators for different periods, superimpose them on each other, and get a beautiful picture.


Calculation
The step of the periods is nonlinear, calculated using a special formula, the adequacy of which is tested by time. This step for SMA and BB gives the image fractality; the same line beams will remain visible when switching between the nearest timeframes.

Otherwise, everything is usual here - the usual simple average, the usual channel of standard deviations (better known as BB), the usual price channel.

The idea of the indicator can be understood from the gif :


Display
Displaying such a picture is only possible using canvas technology in MetaTrader, so there are no indicator lines in the indicator, and it cannot be used in trading robots.

For each indicator, you can specify two different colors to distinguish clusters of large and small periods. To avoid confusion, it is better to use shades of the same color for one indicator and different shades for different indicators.

Management
If the indicator displays more than one indicator (for example, SMA + BB), then you can switch the visibility of individual indicators with the Q key.

To temporarily adjust the brightness, press Ctrl+Q.

Use
You can monitor the price location relative to the average and BB channels on different timeframes.

You can analyze line beams in the same way as if you were analyzing individual indicators of the same type.

Can be combined with analysis of other indicators.

But remember that such indicators almost they always only react to the price, and not vice versa.

Speed of work
The calculation speed is sensitive to the following factors :
  • large maximum period (PERIODS/First and PERIODS/Last parameters)
  • large graphics size (large monitor resolution)
  • a small step between bars
  • slow computer
Ideally, the indicator should be run with the maximum possible maximum period and the number of lines from 500. The default settings are chosen so that the calculation is fast even on slow computers, and at the same time a beautiful picture is obtained.

Data
If historical data is not loaded in sufficient volume, the indicator will restart several times, updating the picture while MT loads the data.

If historical data is not enough to calculate all periods, then the set of periods will be reduced accordingly.

Installation
Open the Zip file, Copy the whole "LF" folder into you MQL5\Indicators directory. Restart your terminal and refresh the indicator Navigator menu.

Re: Various Indicators - (MT5)

Posted: Sun Apr 27, 2025 12:43 am
by Jimmy
Tsar wrote: Sat Apr 26, 2025 8:54 pm LF (Line Field) indicator
Tsar, it's good to see you back again brother. For years, we've missed you dearly and this post is one of the reasons why.

Can't wait to feature this for Sunday's Daily Downloads 🤜🤛

Re: Various Indicators - (MT5)

Posted: Sun Apr 27, 2025 7:24 pm
by moey_dw
Tsar wrote: Sat Apr 26, 2025 8:54 pm LF (Line Field) indicator
Fascinating!!! How I install the package.......... I use translation on readme file but no instructions man help

Re: Various Indicators - (MT5)

Posted: Sun Apr 27, 2025 7:38 pm
by Jimmy
moey_dw wrote: Sun Apr 27, 2025 7:24 pm Fascinating!!! How I install the package.......... I use translation on readme file but no instructions man help
Within the Zip file, Copy the whole "LF" folder into you MQL5\Indicators directory. Restart your terminal and refresh the indicator Navigator menu. Added it into Tsar's original post, too.

Re: Various Indicators - (MT5)

Posted: Sun Apr 27, 2025 9:27 pm
by Cagliostro
WOW!

This looks like a piece of art, more than an indicator!

Tsar wrote: Sat Apr 26, 2025 8:54 pm LF (Line Field) indicator

Indicator line field (SMA, BB, PC).
We count hundreds of identical indicators for different periods, superimpose them on each other, and get a beautiful picture.


FL Picture.jpg


Calculation
The step of the periods is nonlinear, calculated using a special formula, the adequacy of which is tested by time. This step for SMA and BB gives the image fractality; the same line beams will remain visible when switching between the nearest timeframes.

Otherwise, everything is usual here - the usual simple average, the usual channel of standard deviations (better known as BB), the usual price channel.

The idea of the indicator can be understood from the gif :


lf3.gif


Display
Displaying such a picture is only possible using canvas technology in MetaTrader, so there are no indicator lines in the indicator, and it cannot be used in trading robots.

For each indicator, you can specify two different colors to distinguish clusters of large and small periods. To avoid confusion, it is better to use shades of the same color for one indicator and different shades for different indicators.

Management
If the indicator displays more than one indicator (for example, SMA + BB), then you can switch the visibility of individual indicators with the Q key.

To temporarily adjust the brightness, press Ctrl+Q.

Use
You can monitor the price location relative to the average and BB channels on different timeframes.

You can analyze line beams in the same way as if you were analyzing individual indicators of the same type.

Can be combined with analysis of other indicators.

But remember that such indicators almost they always only react to the price, and not vice versa.

Speed of work
The calculation speed is sensitive to the following factors :
  • large maximum period (PERIODS/First and PERIODS/Last parameters)
  • large graphics size (large monitor resolution)
  • a small step between bars
  • slow computer
Ideally, the indicator should be run with the maximum possible maximum period and the number of lines from 500. The default settings are chosen so that the calculation is fast even on slow computers, and at the same time a beautiful picture is obtained.

Data
If historical data is not loaded in sufficient volume, the indicator will restart several times, updating the picture while MT loads the data.

If historical data is not enough to calculate all periods, then the set of periods will be reduced accordingly.

Re: Various Indicators - (MT5)

Posted: Mon Apr 28, 2025 8:17 pm
by moey_dw
Jimmy wrote: Sun Apr 27, 2025 7:38 pm Within the Zip file, Copy the whole "LF" folder into you MQL5\Indicators directory. Restart your terminal and refresh the indicator Navigator menu. Added it into Tsar's original post, too.
THIS IS THE CRAZIEST INDICATOR I EVER SEEN 😮😮😮

Re: Various Indicators - (MT5)

Posted: Tue Apr 29, 2025 11:16 pm
by Jimmy
moey_dw wrote: Mon Apr 28, 2025 8:17 pm THIS IS THE CRAZIEST INDICATOR I EVER SEEN 😮😮😮
Yeah man it's up there with the craziest, that's for sure.