mladen wrote: Thu May 11, 2017 4:41 am It happens
No harm done (just removed the "9.1" version "9.0" is the regular version and it stayed at the original post)

Fresh_Prince wrote: Thu May 11, 2017 6:31 am Mladen, what does better formula mean? What's the difference/advantage of it?

mladen wrote: Thu May 11, 2017 6:51 am The "better formula" was proposed in an article/memo by BNP-Paribas (In Warrants & Zertifikate, No. 8, August 2004 (a monthly German magazine published by BNP Paribas, Frankfurt), there is an article by Sebastian Schmidt about further development (smoothing) of Heikin-Ashi chart.)

They proposed to use the following :
(Open+Close)/2+(((Close-Open)/(High-Low))*ABS((Close-Open)/2))
instead of using :
haClose = (O+H+L+C)/4

According to that document the HA representation using their proposed formula is better than the traditional formula

AlanD wrote: Mon May 15, 2017 8:15 pm Hey guys,

I have an idea for an indicator if one of you would be kind enough to code it.

Basic principle:

When Fast EMA is ABOVE the Slow EMA {only alert "BUY" signals}

When Fast EMA is BELOW the Slow EMA {only alert "SELL" signals}

BUY/SELL conditions are outlined in the attached screen shots.

Thanks (in advance)
Alan

mladen wrote: Mon May 15, 2017 9:20 pm Upgraded averages rainbow (new set of prices used in this version)


averages rainbow.png

mntiwana wrote: Mon May 15, 2017 8:41 pm Hi Alan
I am sure there are a lot of indicators exact to as you describe,even EAs too
All MAs cross,2 MAs and 3 MAs cross doing same ,you have choices for Averaging methods,prices,values - every thing
here is one newest version by MRTOOLS
it have more than you expect