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Re: Requests & Ideas (MT5)

#352
mrtools wrote:
Sat Jul 17, 2021 1:40 am
Sorry not understanding the alert part plus not sure how to change it to pips since it's a percentage indicator. Also posting Mladen's extended version and his explanation about PPO::::::::::::::

The Percentage Price Oscillator Extended (PPO) is a technical Momentum indicator showing the relationship between two Moving Averages. To calculate the PPO, subtract the 26-day Exponential Moving Average (EMA) from the nine-day EMA, and then divide this difference by the 26-day EMA. The end result is a percentage that tells the trader where the short-term average is relative to the longer-term average.

Calculated as:



The PPO and the Moving Average Convergence Divergence (MACD) are both Momentum indicators that measure the difference between the 26-day and the nine-day Exponential Moving Averages. The main difference between these indicators is that the MACD reports the simple difference between the Exponential Moving Averages, whereas the PPO expresses this difference as a percentage. This allows a trader to use the PPO indicator to compare stocks with different prices more easily. For example, regardless of the stock's price, a PPO result of 10 means the short-term average is 10% above the long-term average.

The Extended version introduces a signal line (EMA is used for Signal line calculation too) and that way the signals are a bit faster compared to the basic version.
Hello MRTools,
you write:the PPO expresses this difference as a percentage
ok...I would like this difference in pips
as regard alert: I would like have an alert when , for example, difference in pips reaches 40 pis...input for this in which I can choose pips
thank you in advance


Re: Requests & Ideas (MT5)

#357
Is it possible to add delta volume profile option to this VP indicator?

・Delta option, which shows the difference between buying and selling tick volume on a price level

Thanks in advance
VP-v6.mq5
(82.85 KiB) Downloaded 28 times

RSI ALIGATOR

#358
Hello I would like to ask the programmers. I have the RSI indicator with overbought and oversold alarms. Within the same RSI indicator I have set the alligator with all the parameters at 1. It only has one line. I would like that line of the aligator to give me an alarm just like the rsi, when it reaches the levels that I put in the indicator, the aligator would also give an alarm.
Aligator is the green line and RSI is the blue line
Sin título.png
Alligator.mq5
(5.91 KiB) Downloaded 39 times
MQLTA MT5 RSI With Alert.mq5
(10.54 KiB) Downloaded 39 times


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