NO LINKS, SOURCE CODE REQUESTS OR MODIFICATION OF DECOMPILED INDICATORS. To avoid post deletion please follow the rules.

Re: Volatility Indicators for MT4

#101
whiplashtm wrote:
Thu Jul 15, 2021 6:57 am
Very cool and unique indicator! Thank you so much mrtools.

But as you can see if we add a MA (in this case LWMA) to the indicator (top window) it smooths out the jaggedness of the indicator. I believe the added MA is following the blue line in the original indicator (like a signal line).

If you added a signal line to be used instead of the original line, couldn't we add different MA calculations for the signal line? Like OMA/Jurik or any other type of MA (or even smoothing?). It wouldn't add smoothness to the overall indicator (only to the signal line) but would generally give smoothness and different MA versions to the indicator.. But my coding knownledge is very limited - so what do I know, lol!

Edit: Also isn't it possible to add different MA's to the experimental smoothing you allready added? Appreciate all you work!
Buddy, maybe you will post your template with the settings as on your screen.
I tried to configure it does not work)))
"MONEY IS IMPORTANT, BUT NOT THE MAIN THING." Money is an emotional thing. If you can't control your emotions, your emotions will control your money.


Re: Volatility Indicators for MT4

#104
Darks wrote:
Tue Aug 03, 2021 7:30 pm
Published on codebase and also sharing it here. A very simple code but shows valuable information about the direction of volatility and volume.
Very cool volatility indicator Darks, thanks for also posting it here.

I'm using two instances of the indicator in one subwindow to display the (background) line above the histogram :thumbup:
Directional Volatility indicator for MT4.png
Trade with the broker that supports our work! FBS are offering $140 to get you started! Click, here to begin live trading, today.
No commissions are earned by Forex-station.


How to: Draw Fibonacci Extensions the easy way
How to: Identify major Support & Resistance using the line chart

Re: Volatility Indicators for MT4

#105
Darks wrote:
Tue Aug 03, 2021 7:30 pm
Published on codebase and also sharing it here. A very simple code but shows valuable information about the direction of volatility and volume.
very impressive indicator, I hope alerts to be added later
really thanks Darks


LikeRe: Volatility Indicators for MT4

#106
Darks wrote:
Tue Aug 03, 2021 7:30 pm
Published on codebase and also sharing it here. A very simple code but shows valuable information about the direction of volatility and volume.
An excellent indicator for retirees, pensioners, and housewives whom I run a non-profit social project that teaches free of cost commonsense trading on how to have passive income by trading on MT5 futures and hedged by buying of futures options.

Common sense trading that I teach does not involve any kind of news analysis, technical study, fundamental study.

Only requirement is to mark down all News events (without studying them as funadmental traders do) to avoid trading but not watching charts for price action and how auction market makers release and dry liquidity in the market using the news events as triggers.

If there are four events involving a symbol, they are told to just watch the kind of liquidity plays (volumes delta can easily show that) are triggered in just a couple of minutes or hours, Price action goes into trend, retracement, reversal, or consolidation. All happening on the same day because the market makers are using them as triggers to reprice or balance so that the auctions can be conducted in an orderly manner.
This indicator adds a dimension of direction, though if any coder can add an option to show to ADR envelope that will be excellent.

I have taught my students that Prices can not go up infinitely because the exchange has put up circuit brakers.
Also, the market makers are appointed by the exchanges after collecting hefty amount of bonds to keep the markets orderly.
Market makers from time to time become active to ensure the market does not go wild.

The tools they use are to reprice from time to time, what we call seasonal or quarter/year/six months adjustments. This can be predicted by only the insiders who programme their robots.

So I don't teach anything to predict in future and just trade for a day and focus on finding the Exhaustion Points on buy and sell sides. Xard uses Semafore quite effectively but because of repainting quality, elders get scared. So I only focus on volume.

ADR is excellent.

May I request any coder to just include ADR bands with coefficient so that the elderly can identify exhaustion points according to their own personality by using multiplying factor as their trigger point for entry. This way they won't feel lost and don't mind taking risks at the extreme levesl.

They are told to trade for less loss and more profits by constant practice with a discipline.

ADR makes them disciplined.

Re: Volatility Indicators for MT4

#108
Darks wrote:
Tue Aug 03, 2021 7:30 pm
Published on codebase and also sharing it here. A very simple code but shows valuable information about the direction of volatility and volume.
Thank you from everyone. But if such work is already done, it remains: 1 - add arrows; 2 - add notifications, messages (beeps).
Thanks in advance.
Directional Volatility indicator for MT4.png

IdeaRe: Volatility Indicators for MT4

#110
optionhk wrote:
Fri Aug 06, 2021 3:13 pm
An excellent indicator for retirees, pensioners, and housewives whom I run a non-profit social project that teaches free of cost commonsense trading on how to have passive income by trading on MT5 futures and hedged by buying of futures options.
Great write up and information in this post. Really beneficial for those looking at why and how to use this interesting tool.

Appreciate the time taken to explain and share your experiences with Dark's Directional volatility & volume indicator :thumbup:
📖 Download over 600+ Free Forex & Trading books from the Trader's Library.

Important: The worst forex brokers of 2021👎


  1. Similar Topics

    1. 0 Replies
      1136 Views
    2. Confirmation Indicators

      11 Replies 3491 Views

      by Johnson Kuria., Thu Mar 11, 2021 8:45 am in MT5 Indicators

      11 Replies
      3491 Views
    3. SHARE MY INDICATORS NOW

      101 Replies 9591 Views

      by vuongnet, Tue Jun 22, 2021 9:23 pm in MT4 Indicators

      101 Replies
      9591 Views

Return to “MT4 Indicators”

Users viewing this forum: alextschem, Anacon, angshu, CommonCrawl [Bot], Facebook [Crawler], Gavelin B, Gtrader, Jimmy, johncker, kvak, MikeCFX, Milad8732, mrtools, nwesterhuijs, opita, Rabi, Seznam [Bot], Sogou [Bot], thomdel, 太虚一毫 and 71 guests