Re: MT4 Indicator requests and ideas

8363
pacois wrote: Sat Feb 15, 2020 4:55 am

Try it, this I managed to change.
Thank you Pacois for your help, that's pretty good!

Some extra requests:

1) The indicator displays several colours for the different type of candlestick formations, is there a way to set an option to format the text colour to some other colour? (Please see attached chart.)

2) The current option on the indicator to remove the lines doesn't work, if set to true, actually places all the lines in the chart, could you have a look? I would like to have the option the have lines or not in the chart.

3) Could an option be added to the indicator to change the type and colour of the lines?

Once again, Thank you,
Attachments
Like the quote attributed to Bohr says, “It is difficult to make predictions, especially about the future.”

Re: MT4 Indicator requests and ideas

8364
Amunra5 wrote: Fri Feb 14, 2020 3:56 pm

hope we can have this indi for fs community.
cant post wbsite per fs rules. but the info on its site says:

-----------
Angular Momentum

Non-Repainting Indicator that is based on combined angular momentum of price levels using configured period as main reference.

It is sensitive to the change of angular momentum on lower periods.

Yellow Line – Market is trending up
Red Line – Market is trending down
Blue Line – Angular Momentum

You can use this indicator on any time frame without the need to configure any moving average period.


Indicator parameters

Alert - Set alert to true if you want to be notified by MT5 platform for each new change in angular momentum direction.
Notification - Set notification to true if you want the notification to be sent to MT5 mobile app.
Period - Set the period in consideration for the general direction of the trend.


How to use

Long Trades:

When you see a Yellow Line, wait for the blue line to go to the lowest point and trade only when it is moving back up.
When you see the Yellow Line is changed to Red Line, you should attempt to close your trades that are on the wrong direction of the market soon.

Short Trades:

When you see a Red Line, wait for the blue line to go to the highest point and trade only when it is moving back down.
When you see the Red Line is changed to Yellow Line, you should attempt to close your trades that are on the wrong direction of the market soon.

Recommendation:

Place 2 angular momentum indicators with H1 and H4 on your chart to trade existing trends.


Global variable written

[AM][Symbol][Period] - It is the general direction of the trend (1 is bullish trend, -1 is bearish trend).
Okay found it, look like he is using zigzag to determine the angle, not sure if that is the correct way to determine the angle. Maybe change out Mladen's angle of averages with a much smoother momentum, velocity.

Re: MT4 Indicator requests and ideas

8365
squalouco wrote: Sat Feb 15, 2020 5:55 am

Thank you Pacois for your help, that's pretty good!

As an extra request, the indicator displays several colours for the different type of candlestick formations, is there a way to set an option to format the text colour to some other colour?

Also, the current option on the indicator to remove the lines doesn't work, if set to true, actually places all the lines in the chart, could you have a look?

Please see attached chart.
try!!
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