please, can you add "automatic next higher TF" to this indicator. It doesn't really serve the purpose of an MTF Indicator if one got to change the MTF settings every time when using a different current TF. I see it's hasn't got Enum TF's but I guess it's no problem to change that.
It's a very precise indicator for both, range and trend. I've been using it for a while and want to continue to use it. But I'd also like to switch to others TF to see what's the situation there. Thank you!
welcome sir, I don't mind
Too many indicators confuse the head
and there’s not a single one averaging the number of bars on a horizontal scale.
this zigzag indicates the number of bars in each leg of the zigzag.
Please attach to him the function of calculating the average number of bars in one leg.
that is, the number of bars in a story,
which he covers divided by the number of legs in this story.
Averaged zigzag for determining cycles.
this will allow you to see the deviation of the length of the movement from the average value of the duration
- ZigZagWithValue_Bars limited.mq4
- (16.79 KiB) Downloaded 29 times
pacois wrote: ↑Fri May 22, 2020 11:07 pmTry!!
Thank you, I've checked this indicator but unfortunately, he doesn't do exactly what I'm looking for.
I've tried to code an indicator by my own that does this kinda of filter.
what I came with was this idea: I will sum the whole movement of X candles backward (Sigma High-Low)
then I will check the (current close - [current+X] close) * Y
where X and Y are external params
and then I will plot two lines, one for the (Sigma High-Low) and one for the (current close - current+X close) * Y
If the total movement is bigger then the momentum I will consider this as noisy/Wicky
And on top of that, I've just added a moving average to [(current close - current+X close) * Y] the allow smoothing
Lemme show you
The dark red Signals a market you don't want to trade-in
I will attach the indicator and maybe we could Improve it together
- Sum movement v2.mq4
- (30.76 KiB) Downloaded 51 times