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Re: MT4 Indicator requests and ideas

4231 by mrtools
TEAMTRADER wrote: Thu Sep 20, 2018 7:33 am
The indicator you posted HMA_Bands (attached) does not have the HMA setting.
It has 8 settings for the moving average (bands method) but it does not include HMA.
I have tried to duplicate the HMA with various settings on the 8 moving averages but cannot get it to match.
The HMA Bands indicator I originally posted does reproduce the HMA setting whereas the HMA_Bands indicator (attached) does not.
Thanks
TEAMTRADER
No i need the custom indicator called "HMA". iCustom(NULL,0,"HMA",BandsPeriod,PRICE_CLOSE,2.0,0,i);
Shalom Shalom! :hug:

Re: MT4 Indicator requests and ideas

4232 by ii6uu99
Write a simple indicator that simulates renko points.
Display on the chart (you can adjust the display position) :
5m= points 15m= points 30m= points 1h= points 4h= points 1d= points
Use the SQRT of time function to approximate a time range (5 minutes or 15 minutes).Here's an example:
If you want to mimic the 5-minute time scale:
Average daily range (last 30 days)/SQRT (1440/5).
So as a formula, it's going to be
ADR/SQRT (1440 / simulation time frame)

Re: MT4 Indicator requests and ideas

4238 by mntiwana
TEAMTRADER wrote: Thu Sep 20, 2018 5:36 pm
I don't have the custom indicator so I will continue to adapt what I have.
Thanks anyway.
TEAMTRADER
Hi man
try to play with "bands speed" parameters of Mrtools ver,for example 2,i hope it help you solve your matter
These users thanked the author mntiwana for the post:
TEAMTRADER
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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