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Re: Trend Indicators

#521
spot007 wrote:
Mon Feb 18, 2019 5:06 pm
mntiwana wrote:
Sat Jul 08, 2017 4:05 am
kalman filter 2.1 velocity
Mladen's - The Kalman Filter Velocity as a separate window too
Hello!

I was wondering if there is a histogram version of this MT4 indicator (Mladen's kalman filter 2.1 veolicty - separate window) - or a version that allows to choose histogram or line.

I realize this post is around a year and a half since the original was posted, but I only recently came across Mladen's MQL5 version of the Kalman Filter Velocity on the MQL5 site (it also allows to choose line color change method to be either based on trend or kalman). It was posted there 10 days ago, on 2019.02.08. I was able to modify that one to display as a histogram. However, I use MT4, not MT5. I found this MT4 version of the indicator (thanks to your post), however, the coding is different, and I cannot figure out how to modify it to display as a histogram, as I am not a coder. Is there an MT4 version that exists that would allow to display as a histogram (and possibly has alerts on color change)?
This would be the histo version
kalman filter 2.1 velocity histo.mq4
(2.23 KiB) Downloaded 617 times
kalman vel.png


Re: Trend Indicators

#522
This would be the histo version

Thanks mtiwana and mrtools for your quick assistance and welcome, and of course for posting the indicator!

I used to like forex-tsd before it was merged into mql5, then it just was no-longer the same experience. This site seems quite refreshing! Thank you again!

Simple Oscillator

#523
Here is the Simple Oscillator for MT4 made by Mladen.

What I really like about this indicator is that it is truly simple in code and performance but yields strong results.
It is also a great indicator for learner coders to look into to help them learn and develope their own great oscillators :)

As explained by Mladen:
The indicator was created as an experiment. The experiment was how simple one oscillator can get and still be usable. And it turned out that it is enough to sum prices in a certain way to produce an oscillator.
All in all, it takes one line of code to produce an oscillator that is fairly good for showing trends.
You can use the changes of the slope for short term trend assessment or zero crosses longer term trend assessment.
Simple Oscillator indicator for MT4.png
simple_oscillator_3.mq4
(3.15 KiB) Downloaded 188 times
Myfxbook live trading results (new 2019 account coming soon)
Need custom MT4 coding? Send a PM to Mrtools or post here for a quote!

Coppock Curve Averages

#524
This is a feature-packed version of the Coppock Curve Averages by Mrtools which includes 8 Averages options, Alerts, Entry lines and MTF with interpolation.
Coppock Curve Averages indicator for MT4.png
coppock_curve_-_averages_amp_alerts_nmc.mq4
(31.01 KiB) Downloaded 414 times
Myfxbook live trading results (new 2019 account coming soon)
Need custom MT4 coding? Send a PM to Mrtools or post here for a quote!

Balance Of Market Power (BOP)

#525
This is the (BOP) Balance Of Market Power by Mrtools. Created by Igor Livshin in 2001, the BOP indicator evaluates the strength of buyers vs. sellers by assessing how strong price has been pushed to extreme high and low levels.
This version includes many convenient features such as Alerts, MTF + Interpolation, Arrows and more.
Balance Of Market Power indicator MT4.png
balance_of_market_power_nrp_alerts_nmc.mq4
(14.73 KiB) Downloaded 323 times
Myfxbook live trading results (new 2019 account coming soon)
Need custom MT4 coding? Send a PM to Mrtools or post here for a quote!


Forex-TSD Smooth Crosses

#526
This is the Smooth Crosses indicator by Mladen which uses Forex-TSD proprietary smoothed values. This indicator is a tool with great potential that is suitable for all traders and all timeframes.

As explained by Mladen:
Those are all our (TSD) proprietary smoothed values. Play a bit with Smooth Length to see what "amount" of smoothness you need.
Smooth Crosses Forex-TSD Proprietary Values indicator MT4.png
smooth_crosses.ex4
(17.96 KiB) Downloaded 161 times
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Need custom MT4 coding? Send a PM to Mrtools or post here for a quote!

All Jurik Volatility Mini Charts

#527
This is the All Jurik Volatility (MTF mini charts) by Mladen which display different timeframes in your indicator subwindow.

Later this week we will take the time to start our long-overdue Jurik thread and transfer all the Jurik indicator posts into the fresh organized thread :)
All Jurik Volatility Mini Charts indicator MT4.png
all_jurik_volty_nmc.mq4
(12.7 KiB) Downloaded 113 times
Myfxbook live trading results (new 2019 account coming soon)
Need custom MT4 coding? Send a PM to Mrtools or post here for a quote!

iVar Browser

#528
This is Mrtools's iVar Browser for MT4.
It's a beautiful indicator but a rather complex tool (a bit too complex for me), but according to my notes saved at the time, the indicator can be used to display the trend's strength and revolves around the 0.5 line.

Unfortunately, this is one indicator that I didn't save much information on at the time and several sources have different names for it ranging from "Flat Trend detector" to "Variation Index" to "An advanced ADX type of indicator".
Perhaps when Mrtools is free this week he could sum it up for us if we have questions on how to use it but for now, I'll just leave it here in our trend indicators thread :)
Ivar Browser indicator for MT4.png
ivar_browser_2_nmc.mq4
(11.29 KiB) Downloaded 145 times
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: iVar Browser

#530
Jimmy wrote:
Wed Apr 03, 2019 9:23 pm
This is Mrtools's iVar Browser for MT4.
It's a beautiful indicator but a rather complex tool (a bit too complex for me), but according to my notes saved at the time, the indicator can be used to display the trend's strength and revolves around the 0.5 line.

Unfortunately, this is one indicator that I didn't save much information on at the time and several sources have different names for it ranging from "Flat Trend detector" to "Variation Index" to "An advanced ADX type of indicator".
Perhaps when Mrtools is free this week he could sum it up for us if we have questions on how to use it but for now, I'll just leave it here in our trend indicators thread :)
Originally Mladen did the browser version, this is his explanation how this version works::

It takes all the time frames and calculates nBarsvalues of iVar, and then :
- calculates the percentage of bars that are above the required level(this point works on nBarssample, so it is probably the weakest point since, for the sake of the speed it is advisable to use smaller nBarsparameter as well as the lack of data (EURUSD on monthly chart has some 300 bars, so it is far from being a representative sample))
- calculates the duration (in bars) of the current "state" : if the current value is above levelthen it calculates how many bars ago it crossed up and if the current value is bellow levelit calculates how may bars ago it crossed down. Did not convert the duration in bars to time since clearly higher time frames would be always in front of the list if the duration in time was considered

Sorting can be done (with SortByparameter) :
1 : sorted by current values
2 : sorted by duration of the state

all the rest : sorted by the percentage of iVar values above level


And the original author of the iVar indicator(variation index) Llnur Lksanov:::::

Nowadays, the most popular representatives of the fractal time functions are the financial time series. The fractal structure of these series is well-known and
aсcording to Mandelbrot there is a "rewording of the famous market saying that the movement of stocks and currencies is independent of the time scale and the

price. An observer can't tell if the information refers to the weekly, daily or hourly changes just by looking at the appearance of the chart» [1].

Usually, to determine the fractal dimension the Hurst's exponent is calculated [2]. However, for the reliable calculation of this exponent a huge amount of data
is necesary (~ 10^3) and that is too much comparing to the duration of the trends of trading.

The authors [1] interpose the fractal characteristics - the variation index (m) that is closely related to the common fractal dimension. In distinct from the

Hurst's exponent, the amount of information that is necessary for index determination is less by a factor of 2. It leads to use it as a local characteristics for

determination of the dynamics of the price series. If m < 0.5, it can be interpretated as a trend and m > 0.5 - as a flat.

The suggested indicator calculates the variation index on a previous interval which is 2^n long. The "n" parameter is specified by the user.

The common rules of the indicator application are the following:

If the value of the indicator is lower than 0.5 it means the trend state of the market.
The extremely low value is often precedes the end (correction) of the current trend.
If the value of the indicator is higher than 0.5 it means the flat state of the market.
The extremely high value is often precedes the beginning of the considerable trends.
If the value of the indicator is close to 0.5 it means an undefined state of the market.



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