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IndicatorRe: Stochastic indicators for MT4

#591
mrtools wrote:
Thu Dec 24, 2020 1:15 pm
alif wrote:
Thu Dec 24, 2020 12:51 am
Dear Mr. Tool sorry to bother you

is it possible to add a histogram to this indi like the attached image. thank you
Try this version, need to do more studying on how to do the histogram version, know it has been done just can't find the code for reference.
Thank you Mrtools and Mladen.

It is indeed a great indicator if used in reverse for scalping trends. Sort of like how the CCI is used by trend traders, instead of looking for reversals when the CCI OB/OS areas are broken, you enter into the momentum instead of counter-trend trading those signals.

Just like the CCI, this indicator evidently does a stellar job of displaying momentum and continuation, and instead of using this in it's traditional form for counter-trend trading, we reverse the rules in this template by:

  • Going LONG when the indicator breaks the 80 level
  • Going SHORT when the indicator breaks the 20 level

The colors have been adjusted accordingly.

Here is the template for those who would like to use it.
Stochastic of RSI OMA Chart Template for MT4.png
Stochastic RSI OMA for Trend Scalping.tpl
(66.68 KiB) Downloaded 227 times
Stochastic RSI Trend Scalping Chart Template MT4.zip
(288.99 KiB) Downloaded 314 times
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Re: Stochastic indicators for MT4

#593
josi wrote:
Sat Dec 26, 2020 10:07 pm
mrtools wrote:
Thu Dec 24, 2020 1:15 pm
This is an excellent indicator.
Thanks, MrTools
nice chart josi............. i can seethe cycles very clear with ur settings
Contribution Inspector & GIF Animator at your service

Re: Stochastic indicators for MT4

#594
traderokey wrote:
Tue Dec 29, 2020 12:38 am
Hi Mrtools,

Hope you had a good Christmas. I find the "Adaptable StochRSI arrows" indicator very useful. Could you please add all the prices and usual enhancements to the indicator. The .mq4 file is attached below. Thanks.



Adaptable StochRSI arrows.mq4
Not sure why they called it an adaptable stoch rsi because couldn't find anything adaptable, anyway added mtf, prices, rsi types, and floating levels, if floating levels <=1 then you have regular levels all based on your oversold/overbought settings.
Stochastic Rsi.ex4
(75.44 KiB) Downloaded 243 times
EURUSDH1.png

Re: Stochastic indicators for MT4

#595
mrtools wrote:
Tue Dec 29, 2020 11:13 am
traderokey wrote:
Tue Dec 29, 2020 12:38 am
Hi Mrtools,

Hope you had a good Christmas. I find the "Adaptable StochRSI arrows" indicator very useful. Could you please add all the prices and usual enhancements to the indicator. The .mq4 file is attached below. Thanks.



Adaptable StochRSI arrows.mq4
Not sure why they called it an adaptable stoch rsi because couldn't find anything adaptable, anyway added mtf, prices, rsi types, and floating levels, if floating levels <=1 then you have regular levels all based on your oversold/overbought settings.
Thanks Mrtools!!!


Re: Stochastic indicators for MT4

#596
mrtools wrote:
Thu Dec 24, 2020 1:15 pm
alif wrote:
Thu Dec 24, 2020 12:51 am
Dear Mr. Tool sorry to bother you

is it possible to add a histogram to this indi like the attached image. thank you
Try this version, need to do more studying on how to do the histogram version, know it has been done just can't find the code for reference.

PS: If you would like to download a template set up for Trend scalping, see here: Stochastic of RSI OMA indicator settings template for MT4.
Find it work perfectly with my backtest system. Does it repaint? Thank you

Re: Stochastic indicators for MT4

#597
tatlongtruong wrote:
Wed Dec 30, 2020 6:00 am
mrtools wrote:
Thu Dec 24, 2020 1:15 pm


Try this version, need to do more studying on how to do the histogram version, know it has been done just can't find the code for reference.

PS: If you would like to download a template set up for Trend scalping, see here: Stochastic of RSI OMA indicator settings template for MT4.
Find it work perfectly with my backtest system. Does it repaint? Thank you
No repaint.