mrtools wrote: Tue Feb 28, 2023 9:13 am From Mladen Rakic:

Theory :

Indicator based on M.H.Pee's article "Just How Long Will A Trend Go On? Trend Continuation Factor".

Because trends are an important component of the market, it is imperative you can detect them. However, it's not enough to just identify a trend. It's also crucial to be able to tell the direction of the current trend.

Although trends can make you the most money in the shortest time when you are in sync with them, they can also cause you to sustain heavy losses if your position is in the opposite direction. To avoid getting caught in such a situation, I created the Trend Continuation Factor (TCF), an indicator that identifies the trend and its direction.

But there are big differences compared to original too.

price pre-smoothing (filtering) added in order to avoid multiple false signals
the calculating method is changed in order to produce "directional" result (unlike the original, like this version Trend Continuation Factor for example). That produces results that are very different than the original, and probably easier to use in trading decisions
Usage :

You can use color changes as signals

The usual "big picture" example :

mrtools wrote: Tue Jun 21, 2022 11:03 am Thanks, should have dawned on me when i posted the picture that the arrows weren't there.

Anyway should be better now.

easetup13 wrote: Mon Jun 19, 2023 1:34 am Guys, is anyone able to help me on this: I´d like to add arrows to the changing color of the Histo.
I tried to add this to the original code:
// Arrow
#property indicator_type1 DRAW_ARROW
#property indicator_label1 "buy"
#property indicator_color1 clrBlack
#property indicator_style1 STYLE_SOLID
#property indicator_width1 5
int series_buy = 0 ;

#property indicator_type2 DRAW_ARROW
#property indicator_label2 "sell"
#property indicator_color2 clrRosyBrown
#property indicator_style2 STYLE_SOLID
#property indicator_width2 5
int series_sell = 1 ;

But I wasn´t able to get any result :-(
Any help is highly appreciated.

Mula wrote: Tue Oct 03, 2023 7:12 am Is there an mt5 Nrp Halftrend version like Half trend Nrp Mt4 from Mladen like the one attached

mrtools wrote: Sat Apr 30, 2022 1:55 am Made a histo version.

太虚一毫 wrote: Mon Oct 16, 2023 11:28 am Expect the teacher to add alarms, arrows to Step VHF adaptive VMA histo. The merit is immeasurable!

Jimmy wrote: Mon Oct 16, 2023 3:04 pm Where have you been man? You have been missing for almost a year we never hear from you any more