Could you please upload a chart with an example how you use it?ChuChu Rocket wrote: Tue Jan 26, 2021 9:30 pm
There is an example already on Forex Station's Daily Download page and their Social Media pages
It works on all timeframes but I use it on the 4H.
Re: Convert MT5 indicators to MT4
63Yeah it works pretty much how you described. Awhile back while testing EA's and manually trading with the iTrend and price channel stop(PCS) it was determined that after crossing certain levels and in agreement with the PCS it was very profitable.ChuChu Rocket wrote: Tue Jan 26, 2021 7:04 pm
It's used to determine the strength of the trend. Once it's broken, the trend is 100% locked in and confirmed. This is a good signal to enter.
It's like how some traders add a 20 line to the ADX to determine volatility. But what is good about the line on the itrend is that it's sort of Dynamic, as it adjusts itself, and is not just a flat line added
Would be good to hear an answer from Mrtools about it, too, in case I have missed something.
What was used was a look back period determining the maximun of Itend indicator highs/lows and multiplying by the level factor. This value was done manually at first, then worked on automating the process but never got it quite right, asked Mladen if he could help and in a very short time he fixed it to what it is now.
At the time the level factor was .283 for most pairs but that was a long time ago, so I'm sure it probably needs adjusting.
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Re: Convert MT5 indicators to MT4
64It's still gave more than good for me till now, but I add more complicated this system with I use the ichimoku simple strategy to determine the Trend and Demarktrendline for target that explains great by linuxser on his advanced trading system. Yes that will not 100% always right but That's making me confidence with the market. all I got from TSD before get bought by...mrtools wrote: Wed Jan 27, 2021 4:34 am
Yeah it works pretty much how you described. Awhile back while testing EA's and manually trading with the iTrend and price channel stop(PCS) it was determined that after crossing certain levels and in agreement with the PCS it was very profitable. What was used was a look back period determining the maximun of Itend indicator highs/lows and multiplying by the level factor. This value was done manually at first, then worked on automating the process but never got it quite right, asked Mladen if he could help and in a very short time he fixed it to what it is now. At the time the level factor was .283 for most pairs but that was a long time ago, so I'm sure it probably needs adjusting.
Thank you guys
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Re: Convert MT5 indicators to MT4
65Thank you for this powerful indicator. But could you please add alert when price past the gold median line! thank you so muchmrtools wrote: Tue Jan 26, 2021 5:30 am
Have this version with all the averages already, adxvma is included.
Re: Convert MT5 indicators to MT4
66Added the alerts and posted here Itrendtatlongtruong wrote: Fri Jan 29, 2021 1:18 am
Thank you for this powerful indicator. But could you please add alert when price past the gold median line! thank you so much
Re: Convert MT5 indicators to MT4
67Hello dear all,Eka wrote: Wed Jan 27, 2021 2:51 pm
It's still gave more than good for me till now, but I add more complicated this system with I use the ichimoku simple strategy to determine the Trend and Demarktrendline for target that explains great by linuxser on his advanced trading system. Yes that will not 100% always right but That's making me confidence with the market. all I got from TSD before get bought by...
Thank you guys
what about trying with factor 0.142(twice less than 0.283) for the indicator ITREND AVERAGES from the coder Mrtools.In my humble opinion the line moves a little bit down and gives more options for entering into trades.
Did you try and found any other factor,different from 0.283 which gives good results??
Re: Convert MT5 indicators to MT4
68Hello great, Mrtools. How you have helped so many of us. Thank you so much. I came across this indicator and it worked amazing things like the ATR stops average and in some cases better. Please do help me convert it to mt5. Thank you again and again.
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Re: Convert MT5 indicators to MT4
69Looking at them can't guarantee I will be able to convert them, but looking at the code looks like a sorta step atr stops.Kenrobert1 wrote: Mon Jun 21, 2021 6:47 am Hello great, Mrtools. How you have helped so many of us. Thank you so much. I came across this indicator and it worked amazing things like the ATR stops average and in some cases better. Please do help me convert it to mt5. Thank you again and again.
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- Kenrobert1
Re: Convert MT5 indicators to MT4
70Thank you so much. I know you have want it takes to make it work. This is the original indicator. In case it can aid the work. I greatly appreciate.mrtools wrote: Tue Jun 22, 2021 3:21 am Looking at them can't guarantee I will be able to convert them, but looking at the code looks like a sorta step atr stops.
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