mrtools wrote: Tue Jan 16, 2024 5:59 pm Hello,

Couldn't find the vwap version, but was able to find a version I think I did the arrows similarly in, so changed the arrows to match, hope it's close.

hello mr tools!!! it is perfect!!! Sorry, I forgot to put vwap as a reference for the arrows.

but that was it

Thank you very much.

mrtools wrote: Tue Jan 16, 2024 8:19 am Added mtf, full price options, the average options, and if price - smoothing > 1 the option to smooth the prices with any of the average options.

Thank you very much Mr. Tools!

Madrid Trend Squeeze with All Averages (MA Filters)

Updated the code and added the averages.

What is the Madrid Trend Squeeze indicator?

This indicator was designed to spot the most profitable points within a trend. A total of 7 colors used as part of the strategy:

• Dark green = Upward trend in general.
• Light green = Current bullish trend.
• Light blue = The maximum profitability in a long position.
• Brown = Downward trend in general.
• Red = Current downtrend.
• Fuchsia = The maximum return in a short position.
• Yellow = The trend has come to a halt and it is an investment warning or a continuation. These are entry points, re-entry or closing.

Putting it all together

• A "Squeeze" occurs when Dark green + Light green + Light blue is aligned (the larger the values ​​are).
• When Fuchsia or Light blue color disappear or contract significantly, it means a possible exhaustion of the movement that will have to be confirmed with the previous histogram bars.
• When the color of the compression (squeeze) appears without the intermediate color (Fuchsia + Yellow, Fuchsia + Brown, Light blue + Yellow, Light blue + Dark green) it could mean that this is just a shake of the movement.

As the color combinations can be complex, it's best to remove the elements that are not needed by customizing the colors to only display what is needed.

PS: Please also try Kvak's alternative version here.

Madrid Trend Squeeze with E-Averages (MA Filters)

I was work on this version too and now I see that Mrtools was faster.......but hopefully no one will mind if I publish my version as well...

For an explanation on what the colors represent and how to use this indicator, please refer to: How to use the Madrid Squeeze indicator.

Mrtools and Kvak, both of you are truly fantastic! Thanks for your hardwork and for helping traders with your magical indicators...

The real Kiosotto v41. Maybe I'm wrong.

andrei-1 wrote: Tue Feb 20, 2024 9:15 am The real Kiosotto v41. Maybe I'm wrong.
k41.PNG
Kiosotto_2024_(fs).mq4

awesome ! and it doesn't repaint

there is a bullish bias when selecting "rsi = true" and using "period = 5"

I tried to fix it but not luck

ionone wrote: Tue Feb 20, 2024 11:35 pm

Yes, there is suspiciously much green. I can't fix this problem quickly.

Maybe together we will ask someone more experienced to look at this indicator.

ionone wrote: Tue Feb 20, 2024 11:35 pm there is a bullish bias when selecting "rsi = true" and using "period = 5"

Maybe the author set it up for stocks/indexes. Then it makes sense.