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Re: MT4 Indicator requests and ideas

#1971
uncle wong wrote:
Mon Aug 21, 2017 8:10 pm
Dear Moderators,

Is it possible to have a RSI indicator with kalman bands on?
Applying an indicator to another indicator is not a problem with the other trading platform I am using.But unfortunately good coding knowlge is necessary with this process with MT4.Thanks.
Dear Mladen and Mr tools
is this possible to do above request?


Re: MT4 Indicator requests and ideas

#1975
optionhk wrote:
Wed Aug 23, 2017 8:49 pm
Hi mladen/mrtools,
May I request you to update the indicator which is showing some TF .
Thank you.

DC evi D1 and W1 not showing up.jpg
That does not depend on the indicator (see that some symbols are showing those time frames)
It depends on the available data and your broker


Re: MT4 Indicator requests and ideas

#1977
mrtools wrote:
Wed Aug 23, 2017 8:07 pm
JADragon3 wrote:
Wed Aug 23, 2017 7:47 pm
Coders please help.

I would like to add some smoothing to MTF Envelopes. Or possibly add a standard deviation band function to the Averages MTF Alerts 8.8
Removed the existing pip bands option and added the envelope deviation to the latest averages indicator.
Thank you sir. Much obliged

Re: MT4 Indicator requests and ideas

#1978
Dear Mladen and Mr.Tools,

The attached Zigpips indicator doesn't work on some brokers and sometimes gets crazy when opened in a template with a new instrument. Can you please update it to make it new mt4 compliant?

Thanks as always
ZigPips.mq4
(4.76 KiB) Downloaded 395 times

Re: MT4 Indicator requests and ideas

#1979
mandagozu81 wrote:
Wed Aug 23, 2017 11:39 pm
Dear Mladen and Mr.Tools,

The attached Zigpips indicator doesn't work on some brokers and sometimes gets crazy when opened in a template with a new instrument. Can you please update it to make it new mt4 compliant?

Thanks as always
Here is how it looks like on my terminal (the latest build 1090 - no newer build after that)
example.png
No need to change anything to make it new builds compatible

Re: MT4 Indicator requests and ideas

#1980
Dear Mladen and Mr.Tools,
I see there is a new things (for me) for a RSI development on a web, and he give the clue and formula to create it. can we create this new kind of RSI please.
this is what i found :

Extreme overbuy/oversell indicator (Multiple time-frame RSI)
In second example we will present an indicator that could be called “extreme overbought/oversell” indicator. It’s construction we will use RSI indicator to detect overbuy/oversell conditions occuring in different time frames. Overbuy signal will be generated when 14 bar RSI is above 70 and oversell will be generated when RSI is below 30. INnthe second step we will generate RSIs in every interval starting from 5 minute, through 10-, 15-, 20-, 25-, 30, 35- minute interval up to 360 minutes.

In the third step we will add 1 to the sum if RSI in given time frame is above 70, or subtract 1 from the sum if RSI in given time frame is below 30.

After calculating entire sum we will divide the result by number of components.

This will give us bounded indicator in -1… + 1 range, where values near -1 will signify extreme oversell and values near +1 will signify extreme overbuy.
RSI formula.png
figure1.png
In the figure above we can see daily chart of CSCO plus extreme overbuy/oversell (light gray) and its 7 day moving average (blue). As we can see from the chart smoothed MTRSI peaks and troughs precisely show ends of large up trend and down trend moves. One stunning feature of this indicator is clarity of trend-ending signals. This indicator is perfect for timing the exits. As many researches have shown good exit timing is often more important than entry timing.
figure2.png
In this figure above you can see another example of MTRSI with very clear signals of local maximums during the trend. Even more stunning is the divergence that develops in the middle of September when prices continue to rise and MTRSI makes two peaks in clear downtrend. These leading signals helped to get out of trade just at the very end of very nice up trend.

can you create this indicator please. Thank you,

Best regards


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