Re: Adaptive Indicators for MT4

61
friend4you wrote: Tue Oct 16, 2018 7:19 pm

Dear mrtools!
Any thoughts of my request 2 weeks ago:
Can you make the filter period separately selectable instead of "Jurik and filter period to use"?
Here is your last version:
Adaptive - jurik filter(mtf + alerts + fl's).ex4
download/file.php?id=3334926
Try this one!

PS: For more Jurik indicators, check out the full topic here: Jurik indicators MT4.


Re: Adaptive Indicators for MT4

62
Mladen's latest, translated to mt4, and explanation from him ---

Theory :

VMA (Variable Moving Average) is often mistakenly confused with the VIDYA (Volatility Index Dynamic Average) which is not strange since Tushar Chande took part in developing both. But the VMA was preceding the VIDYA and should not be mistaken for it. The formula for original VMA calculation is the following :

Code: Select all

VMA = (α * VI * Price) + ((1 – ( α * VI )) * VMA[1])

Where:

α = 2 / (N + 1)

VI = Users choice of a measure of volatility or trend strength.

N = User selected constant smoothing period.
About this version :

This version is, as it is obvious from its name, adding two options and some changes.

.. instead of using fixed user input for VI (the measure of volatility),and for which Tushar Chande was using Standard Deviation Ratio (SDR), it is using Adam Whites Vertical Horizontal Filter (VHF) and that way it makes it automatically adjust to current market volatility
.. it is adding an option to filter out some insignificant changes in slope direction by using step calculation (setting the step size to 0 produces original VHF adaptive VMA - without steps filtering)
VMA, as is, is a "good candidate" for this type of filtering since it tends to produce prolonged periods of nearly horizontal values when the volatility of the market is low, so, when the step filtering is applied to it, the small slope changes that are happening as a results of the semi EMA calculation are filtered out, and signals are becoming more usable

Usage :

You can use the color change as signals. Some experimenting with step size (since this version is using step size based on pips that is entered as users input)
These users thanked the author mrtools for the post (total 7):
nrv, FBI, Krelian99, SilverBB, alexm, RodrigoRT7, 太虚一毫

Re: Adaptive Indicators for MT4

65
FBI wrote: Tue Oct 23, 2018 7:40 am step vhf adaptive vma.ex4 seems to have refreshing issues.

edit: or maybe not I forgot : Allow DLL imports...
It doesn't need a DLL, and if so and you haven't checked it, it wouldn't appear on the chart due to a not allowed function call to the DLL.
It just stops to draw when applied.




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