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Re: Various indicators

#241
mrtools wrote:
Mon Feb 11, 2019 4:43 am
This is a mt4 version of an indicator called M-oscillator mt5 coded by Mladen and explained by him:::::

Theory:

The idea for this indicator is coming from someone using name "NGBaltic". The indicator here is coded as the idea is without usage of levels (that shall be explained in another publication). All in all, the indicator is not bad, and here we have 3 options for color changes :

. color changes on slope change
. color changes on signal line cross
. color changes on zero line cross

Usage :

You can use color changes as signals

And additional information::

This is a part from the original article describing its usage :

The Use of M-Oscillator
Interpretation
M-Oscillator is plotted along the bottom of the price chart; it fluctuates between positive and negative 14.
Movement above 10 is considered overbought, and movement below -10 is oversold.
In sharp moves to the upside, the M-Oscillator fluctuates between 5 and 14, while in down side it fluctuates between -5 and -14.
In an uptrend, the M-Oscillator fluctuates between zero and 14 and vice versa.

As it is seen, the +14 to -14 range interpretation exists already in the original article. I must repeat that that range exists only if period 14 is used, and that if any period other than 14 is used, that range changes.
Excellent, thank you very much! :thumbup:
Its divergence with price draws my attention........ :)
Simplicity is the ultimate sophistication - Leonardo da Vinci


Re: Various indicators

#242
mrtools wrote:
Mon Feb 11, 2019 4:43 am
This is a mt4 version of an indicator called M-oscillator mt5 coded by Mladen and explained by him:::::

Theory:

The idea for this indicator is coming from someone using name "NGBaltic". The indicator here is coded as the idea is without usage of levels (that shall be explained in another publication). All in all, the indicator is not bad, and here we have 3 options for color changes :

. color changes on slope change
. color changes on signal line cross
. color changes on zero line cross

Usage :

You can use color changes as signals

And additional information::

This is a part from the original article describing its usage :

The Use of M-Oscillator
Interpretation
M-Oscillator is plotted along the bottom of the price chart; it fluctuates between positive and negative 14.
Movement above 10 is considered overbought, and movement below -10 is oversold.
In sharp moves to the upside, the M-Oscillator fluctuates between 5 and 14, while in down side it fluctuates between -5 and -14.
In an uptrend, the M-Oscillator fluctuates between zero and 14 and vice versa.

As it is seen, the +14 to -14 range interpretation exists already in the original article. I must repeat that that range exists only if period 14 is used, and that if any period other than 14 is used, that range changes.
Can we have alerts on this most excellent indicator please?
Thanks for all you do Mr. Tools! MTF would be great too Thanks

Re: Various indicators

#243
society wrote:
Mon Feb 11, 2019 11:21 pm
mrtools wrote:
Mon Feb 11, 2019 4:43 am
This is a mt4 version of an indicator called M-oscillator mt5 coded by Mladen and explained by him:::::

Theory:

The idea for this indicator is coming from someone using name "NGBaltic". The indicator here is coded as the idea is without usage of levels (that shall be explained in another publication). All in all, the indicator is not bad, and here we have 3 options for color changes :

. color changes on slope change
. color changes on signal line cross
. color changes on zero line cross

Usage :

You can use color changes as signals

And additional information::

This is a part from the original article describing its usage :

The Use of M-Oscillator
Interpretation
M-Oscillator is plotted along the bottom of the price chart; it fluctuates between positive and negative 14.
Movement above 10 is considered overbought, and movement below -10 is oversold.
In sharp moves to the upside, the M-Oscillator fluctuates between 5 and 14, while in down side it fluctuates between -5 and -14.
In an uptrend, the M-Oscillator fluctuates between zero and 14 and vice versa.

As it is seen, the +14 to -14 range interpretation exists already in the original article. I must repeat that that range exists only if period 14 is used, and that if any period other than 14 is used, that range changes.
Can we have alerts on this most excellent indicator please?
Thanks for all you do Mr. Tools! MTF would be great too Thanks
Added mtf and alerts.
m oscillator (mtf + alerts).ex4
(47.22 KiB) Downloaded 250 times
m osc mtf alerts.png

Re: Various indicators

#244
What am i missing to get the colored bars? looks like a cool trade setup!
I'm trying the M-Oscillator indicators (daily and weekly).
dougl

Re: Various indicators

#245
traderdoug wrote:
Sat Feb 16, 2019 4:23 am
What am i missing to get the colored bars? looks like a cool trade setup!
I'm trying the M-Oscillator indicators (daily and weekly).
dougl
Man you are welcome here at first
post your illustration pic (including parameters details) for to see what you applied and displayed
round questions are hard to reply
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.


Re: Various indicators

#247
thanks! I think that was it? I'm still testing various chart setups/ strategies out. Looking to trade currencies on the daily chart. Always open for suggestions...whatever you think is working best? I'm also looking at this thread: "TREND FOLLOWING SYSTEM USING MLADEN'S AND MRTOOL'S INDICATORS#1". This looks good too. thanks guys!

Re: Various indicators

#248
Dear Mladen could you add to the indicator M-Oscillator that showed a divergence, with small parameters like shows is not a bad result. Thank you for your understanding.

Re: Various indicators

#249
gods peace be with you all. amen ave maria. hello Mr tools please kindly add arrow for m oscillator (mtf + alerts).ex4
please consider my request. thank you all,

Re: Various indicators

#250
"iRhombus"
An Add-On or Utility type indicator
At main chart displaying graph of various size and style as per users defined
GBPUSDM30.png
GBPUSDM30-short.png
p.png
iRhombus.mq4
(10.73 KiB) Downloaded 183 times
iRhombus.ex4
(10.82 KiB) Downloaded 132 times
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.



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