Re: Moving Average indicators for MT4

183
mrtools wrote: Tue Apr 18, 2017 6:37 pm On version averages 8.9 it's based on price closing above or below the average so it would not be suitable, but think version 8.8 it would be possible.
Well what I would like to have is the space between 2 MAs graphically filled as a "no trade zone". The change of colors for MAs (or arrows) / signal would be based on entering/leaving this zone. It would basically utilize and combine signal for 2 different MAs because they behave differently but will be still based on price closing above/below the filled space.


Re: Moving Average indicators for MT4

190
DEMA RLH2

Based on the formula developed by Patrick Mulloy
It can be used in place of EMA or to smooth other indicators.
DEMA = 2 * EMA - EMA of EMA
Red is EMA, Green is EMA of EMA, Yellow is DEMA
These users thanked the author mntiwana for the post:
太虚一毫
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.


Who is online

Users browsing this forum: ChatGPT [Bot], cheer4u, IBM oBot [Bot], SijjiN, Trendiction [Bot] and 84 guests