.

Moderators: mntiwana, xard777, mrtools

#211
First of all, every indicator follows the price, not contrariwise. It looks to me like you're mistaking that - if not sorry. An indicator interprets the price evolution of the last x bars. You must know how an indicator do that so you understand the pros and cons of it and why it behaves in certain situations. That what you described is a normal behaviour of a momentum indicator in long steady trends (longer than the period is). You can't change it (a higher period doesn't fix the issue) and it isn't necessary at all. Use the weakness as a stregth. You can use the divergences given that way for entries or sureness that the market goes further down - swing trading. Remind not to use momentum indis in trends and not to use MAs in range markets.

#212
Krelian99 wrote:
Sun Nov 11, 2018 9:22 am
First of all, every indicator follows the price, not contrariwise. It looks to me like you're mistaking that - if not sorry. An indicator interprets the price evolution of the last x bars. You must know how an indicator do that so you understand the pros and cons of it and why it behaves in certain situations. That what you described is a normal behaviour of a momentum indicator in long steady trends (longer than the period is). You can't change it (a higher period doesn't fix the issue) and it isn't necessary at all. Use the weakness as a stregth. You can use the divergences given that way for entries or sureness that the market goes further down - swing trading. Remind not to use momentum indis in trends and not to use MAs in range markets.
A little extension to what honey Tobi explained
all indicators displaying differently according the math and their nature - lower/higher values (say it periods or numbers of bars in calculation) of an indicator force the indicator to display differently depends on the values how far from each other - then TFs also reflect on displaying/forming an indicators - then nature of an indicator also resulting the display of that indicator
that is why thousand and thousand indicators are coded almost of every type and countless variations plus extended features that a users can mold any indicator where it needed,now it is users choice what suits them or their strategy
Bundles of thanks to pretty coders for their knowledge and creative intellectual mind and fair contribution to traders community
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.

#213
Thank you.

#214
newbiees wrote:
Fri Nov 16, 2018 1:50 am
Thank you.
Welcome to the forum. Have you tried this version here by Mrtools?
Myfxbook live trading results (new 2019 account coming soon)
Need custom MT4 coding? Send a PM to Mrtools or post here for a quote!

#215
DMI
Some times i confused with "DMI"
is it directional movement index or dynamic momentum index,i read both descriptive names but experts can explain better
DMI.mq4
DMI.ex4
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.

#216
ChandesDMI_v1
ChandesDMI_v1.mq4
ChandesDMI_v1.ex4
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.

#217
chandes dmi
Mladen : It is adaptive,and since it is using rsi in calculation,decided to see what will happen if rsi replaced with rsx,here is the result,it is smoother,which was to expect it since rsx is smoother than rsi and that way some false signals are filtered out,so we have one more adaptive indicator here a bit improved
_______________
Some embellishments added as well as closeable levels,for level crossing color change
chandes dmi.mq4
chandes dmi.ex4
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.

#218
chandes dmi on chart
Mladen : Since i hate indicators that would consist of two files here is a single file on chart version of a Chandi DMI indicator and how it compares to the regular version
chandes dmi on chart.ex4
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.

#220
mntiwana wrote:
Tue Nov 20, 2018 3:26 am
Amazing work as always bro. Thank you for posting these up tonight
Myfxbook live trading results (new 2019 account coming soon)
Need custom MT4 coding? Send a PM to Mrtools or post here for a quote!

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