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Re: Moving Average indicators for MT4

#1673
Is there a moving average ZONE indicator based on dema?
It would be helpful to 'chart watching' day traders for the chart direction to be shown - as in the attachment. These zones are manually entered for the illustration. The dema cross settings on the attachment are 21/34.
It would fit in really well with the Fulcrum Master S&R horizontals auto drawn line indicator also attached.
Thanks if it can be done.
TEAMTRADER
Fulcrum Master 5.ex4
(19.9 KiB) Downloaded 55 times
DAX30.fsM1.png

Re: Moving Average indicators for MT4

#1674
TEAMTRADER wrote:
Fri Apr 23, 2021 9:28 pm
Is there a moving average ZONE indicator based on dema?
It would be helpful to 'chart watching' day traders for the chart direction to be shown - as in the attachment. These zones are manually entered for the illustration. The dema cross settings on the attachment are 21/34.
It would fit in really well with the Fulcrum Master S&R horizontals auto drawn line indicator also attached.
Thanks if it can be done.
TEAMTRADER
Friend - what are these indicators? What are their settings and what are the settings for TF M-5? please share. Rusty google translation.
file.png

Re: Moving Average indicators for MT4

#1675
RomanUkraine wrote:
Fri Apr 23, 2021 10:02 pm
Friend - what are these indicators? What are their settings and what are the settings for TF M-5? please share. Rusty google translation.
They are standard stochastic indicators - template attached.
It was to emphasise the importance of levels on the indicators.
TEAMTRADER
3 stochs.tpl
(6.73 KiB) Downloaded 54 times
GBPJPY_SBM1.png


Re: Moving Average indicators for MT4

#1678
太虚一毫 wrote:
Thu Apr 22, 2021 10:47 pm
QWMA is also a kind of average? Expect teachers to integrate it in Averages-9.41 (mtf + alerts + arrows + kelt + button). Thanks a lot!


(Unfortunately, QWMA adaptive-floating levels 1.2.ex4 is not as accurate as QWMA_ca.mq5!)
Reason QWMA (even though it's a very good moving average) is not added to the averages is the one's that are a part of the average version only have price and period in it's calculations, to add QWMA would need another parameter (Speed), and would not work with that added parameter. Didn't explain it very well, but it's the same reason T3, One more average, and other's are not added they all have to be called separately.

Re: Moving Average indicators for MT4

#1679
Jimmy wrote:
Sat Jun 15, 2019 9:52 pm
This is an interesting one from our archives which I thought should be in here - the TWAP (Time Weighted Average Price) by Mladen.

As explained by Mladen:
This would be the time weighted average price (a kind of a moving average).

The description used is the following :

The Time-Weighted Average Price (TWAP) is defined as the average price of a security over the course of a specified period of time. The TWAP is traditionally calculated by first averaging the open, high, low, and close prices for each bar and then calculating the average of those averages as time progresses.
It depends on the time frame used, but it is not a multi time frame indicator. What it does is the following

  • It checks if a new period begins
  • If it does, then it resets the calculation period to 1.
  • After that with each bar passed, the calculating period is increased by 1 until a new reset is found

So, if you use current time frame, that is simply drawing the price line on the chart. To have some effective calculation, any higher time frame must be used. Usually daily time frame is used for this indicator.

Also, this indicator can calculate all the time frames supported by Metatrader 5 (this is Metatrader 4 indicator), so time frame like 2,3,6 hours and so on are supported too.
Is there a MT5 version available?
Thanks!


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