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Re: Dynamic Zone indicators for MT4

#782
hi mrtools
in reference to your this jem indicator "dynamic zone rsi(averages) accumulated (mtf + alerts)"
at this post
viewtopic.php?p=1295393707#p1295393707

i like to have advantages of your kind expertise so requesting for an addition (depth feature) a kind of more rounding the price line - from your "Recursive - smoothed stochastic" indicator (shown in example picture) - to be added within "dynamic zone rsi(averages) accumulated (mtf + alerts)" indicator
hope for a kind favor
thanks in advance
greetings
1.png
Recursive - smoothed stochastic.mq4
(16.24 KiB) Downloaded 122 times
dynamic zone rsi(averages) accumulated (mtf + alerts).ex4
(159.9 KiB) Downloaded 115 times

Re: Dynamic Zone indicators for MT4

#783
pipsquirrel wrote:
Sat Apr 17, 2021 1:32 am
hi mrtools
in reference to your this jem indicator "dynamic zone rsi(averages) accumulated (mtf + alerts)"
at this post
viewtopic.php?p=1295393707#p1295393707

i like to have advantages of your kind expertise so requesting for an addition (depth feature) a kind of more rounding the price line - from your "Recursive - smoothed stochastic" indicator (shown in example picture) - to be added within "dynamic zone rsi(averages) accumulated (mtf + alerts)" indicator
hope for a kind favor
thanks in advance
greetings
Don't have the code for that rsi accumulated anymore and secondly don't think I would be able to add the "depth" feature like in the recursive stochastic, sorry!

Re: Dynamic Zone indicators for MT4

#784
mrtools wrote:
Sat Apr 17, 2021 5:27 am
Don't have the code for that rsi accumulated anymore and secondly don't think I would be able to add the "depth" feature like in the recursive stochastic, sorry!
thanks for taking in consideration and responding my request
i was thinking,as you posted it here
viewtopic.php?p=1295393707#p1295393707
so you have the source code,just was my idea
posting an earlier version that supports some lesser methods and prices comparing to that said code,may be of any use

"and secondly don't think I would be able to add the "depth" feature"

oh that is the unfortunate though i believes your try might change the situation,in all cases bundles of thanks and appreciations for your entire help and cooperation to all us traders
greetings
Dynamic zones rsioma accumulated.mq4
(33.01 KiB) Downloaded 125 times


Re: Dynamic Zone indicators for MT4

#786
MrTools, you're just a master! The value of this indicator, it seems to me, in anticipating a possible reversal, or continuation of the trend. Small thing: wait for setup to enter the deal.

Re: Dynamic Zone indicators for MT4

#787
This is a bit updated and optimized version of Mladen's dynamic zone vortex.

Interesting information about Vortex:::

According to original description of the authors (Etienne Botes and Douglas Siepman) of the Vortex indicator:

After thoroughly researching technical tools, we concluded that the concept of the Directional Movement Index (DMI) offered the most accurate way to identify trend direction or significant price moves in the market. The concept of DMI was best defined and described by J. Welles Wilder in his classic 1978 book "New Concepts In Technical Trading Systems". The result of his work is the now-famous and highly effective indicator, which inspired the creation of our Vortex indicator.

To understand the Vortex indicator better, we must describe directional movement. The idea is that the individual relationship between price bars provides clues to the direction of the trend or market. Wilder summed it up thus: "Directional movement is the largest part of today's range that is outside yesterday's range."

Positive directional movement is simply the portion of a price bar that is above the high of the previous bar. Negative directional movement is the portion of the price bar that is lower than the previous low. The smaller of these two values is assigned a zero value. The larger number is used to indicate if the market is moving up (positive) or down (negative). In the case of an inside bar (if neither the high nor the low is higher or lower than the previous bar), a zero value is assigned to both positive and negative direction.

The result will be a string of seemingly random consecutive zeroes or positive numbers placed in two columns assigned for positive and negative directional movement. However, if these two strings of numbers are summed after 14, 21, or 55 periods, the larger value gives an indication of overall trend. If this process is continued, the result can be seen on a chart as two lines representing positive and negative directional movement. These will intersect and cross during a change of trend and diverge wider and wider as the strength of the trend increases. This is the basis of Wilder's DMI.

...

The article was published in the January 2010 issue of TASC.
Vortex indicator MT4.png
dynamic zone vortex (mtf).ex4
(31.38 KiB) Downloaded 146 times
Vortex Stock Finder Indicator TASC January 2010.pdf
(1.4 MiB) Downloaded 96 times

Re: Dynamic Zone indicators for MT4

#788
mrtools wrote:
Sat May 08, 2021 3:26 am
After thoroughly researching technical tools, we concluded that the concept of the Directional Movement Index (DMI) offered the most accurate way to identify trend direction or significant price moves in the market.
I love to read information like this. It's eye-opening to know that they researched and found the DMI as the most accurate way to identify trend direction :thumbup:

Thank you so much for this latest update Mrtools, you are the best.

PS: I have added the TASC article beneath your attachment, hope you don't mind bro.
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