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LikeRe: Step Indicators for MT4

#431
mrtools wrote:
Sun Mar 14, 2021 2:15 pm
Added a choice of deviation bands or atr band options, also updated the indicator a bit to now include auto adjust candles instead of the bars.
Excellent work. thank you very much mrtools


Re: Step Indicators for MT4

#432
mrtools wrote:
Sun Mar 14, 2021 2:15 pm
Added a choice of deviation bands or atr band options, also updated the indicator a bit to now include auto adjust candles instead of the bars.
This is really good. Different results can be seen when changing the Bands from ATR to either Custom Standard Deviation.

Without getting too technical, how can we use ATR Bands Vs Custom Standard Deviation Bands?

  • Use the ATR bands for predicting possible reversal areas and candlestick exhaustion
  • Use the Custom Standard Deviation for entering breakouts and forecasting Volatility whenever the bands "PINCH"

ATR Bands
Step NEMA indicator with ATR Bands Non-repainting for MT4.png

Custom Standard Deviation Bands
Custom-standard-deviation-step-nema.png

Thank you Mrtools and Ganesh for the idea :)
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Re: Step Indicators for MT4

#433
mrtools wrote:
Thu May 09, 2019 3:47 am
Okay will make it later, had been working on this one, never was happy with the step function, but think this version the step is a little better, and possibly IMHO a little better than the step kaufman, anyway added the 7 display options to it, including the auto adjusting candles.
The Color Candles indicator is good!

Re: Step Indicators for MT4

#434
It is not clear, which is better, step nema (mtf + alerts + arrows + bands), step-vhf-adaptive-vma (mtf + alerts + arrows) two candles! All in all good! Thank the teacher for his selfless contribution! Boundless merit!

Re: Step Indicators for MT4

#435
太虚一毫 wrote:
Mon Mar 15, 2021 5:18 pm
It is not clear, which is better, step nema (mtf + alerts + arrows + bands), step-vhf-adaptive-vma (mtf + alerts + arrows) two candles! All in all good! Thank the teacher for his selfless contribution! Boundless merit!
yeah......... bands is good too!! :thumbup: :thumbup: :thumbup:
Contribution Inspector & GIF Animator at your service👮


Re: Step Indicators for MT4

#436
mrtools wrote:
Sun Mar 14, 2021 2:15 pm
Added a choice of deviation bands or atr band options, also updated the indicator a bit to now include auto adjust candles instead of the bars.

PS: To see an example on how ATR Bands & Custom Standard Deviation Bands differ, please see here: ATR Bands Vs Standard Deviation Bands.
If you only look at candles or arrows without showing these thin gray lines, it will be more perfect! Haha, too much demand! ! !
111.png

Re: Step Indicators for MT4

#437
mrtools wrote:
Sun Mar 14, 2021 2:15 pm
Added a choice of deviation bands or atr band options, also updated the indicator a bit to now include auto adjust candles instead of the bars.

PS: To see an example on how ATR Bands & Custom Standard Deviation Bands differ, please see here: ATR Bands Vs Standard Deviation Bands.
Hi. mrtools , Band version of step nema gives different signals with the original version. original corrected version attached here
step - nema (mtf alerts arrows).ex4
(49.83 KiB) Downloaded 54 times
step nema.ex4
(23.04 KiB) Downloaded 44 times
step nema.PNG


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