.
DO NOT ASK FOR SOURCE CODES OR REQUEST FOR DECOMPILED INDICATORS TO BE MODIFIED. To avoid post deletion please follow the rules.

Re: ADX DMI Indicators for MT4

#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.


Re: ADX DMI Indicators for MT4

#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.

Re: ADX DMI Indicators for MT4

#214
newbiees wrote:
Fri Nov 16, 2018 1:50 am
Hello. Can someone add alert and Sendnotification to this indicator?
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!

Re: ADX DMI Indicators for MT4

#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
GBPUSDM1.png
GBPUSDM1-2.png
p.png
DMI.mq4
(6.92 KiB) Downloaded 272 times
DMI.ex4
(7.61 KiB) Downloaded 231 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.


Re: ADX DMI Indicators for MT4

#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_.gif
EURUSDM15.png
s (2).png
chandes dmi.mq4
(15.09 KiB) Downloaded 281 times
chandes dmi.ex4
(25.34 KiB) Downloaded 235 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.

Re: ADX DMI Indicators for MT4

#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
Big thanks to Mladen
chabdes_dmi_on_chart.gif
pp.png
chandes dmi on chart.ex4
(38 KiB) Downloaded 330 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.

Re: ADX DMI Indicators for MT4

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


  1. Similar Topics

    1. Various Indicators - (MT5)

      2 Replies 2150 Views

      by mntiwana, Wed Nov 28, 2018 12:39 am in MT5 Indicators

      2 Replies
      2150 Views
    2. TDI indicators for MT5

      0 Replies 2323 Views

      by Jimmy, Wed Feb 20, 2019 8:50 pm in MT5 Indicators

      0 Replies
      2323 Views

Return to “MT4 Indicators”

Who is online

Users browsing this forum: Ahrefs [Bot], alumax, Antonio, Bing [Bot], CommonCrawl [Bot], Dial, DotNetDotCom [Bot], forrest85, hakangunes, iRay, Majestic-12 [Bot], moey_dw, mrtools, RobertPoznan, rubbo, rudiarius, thvi, vitas334 and 63 guests