NO LINKS OR MQL SOURCE CODE REQUESTS. Please follow the rules.

Re: Ehlers Indicators for MT4

From Mladen Rakic -

In the December 2021 issue of TASC article “The DMH: An Improved Directional Movement Indicator”, John Ehlers explores a method of modernizing directional movement with Hann windowing.

Directional movement has been a mainstay in technical analysis and has been an examined concept by traders for decades. When the original directional movement indicator was created by J. Welles Wilder, technology did not easily allow for complex calculations.

Ehlers proposes it is time for an upgrade. While the DMH indicator defaults to using Wilder’s 14 bars, Ehlers suggests the length should be at the discretion of the trader or can be determined by optimization if the DMH is used in a strategy.





in this version compared to the original additional color changes added :

  • color change on slope change
  • color change on zero line cross
  • and no color change (as in the original)

Use it as Ehlers recommends it or use color changes for possible signals
some experimenting with DMH period recommended before using it

PS: For the chart setup used in our Daily Downloads page, please see here: Directional Movement w/Hann DMH + MA Cross.
(11.77 KiB) Downloaded 256 times

MagnifyRe: Ehlers Indicators for MT4

mrtools wrote:
Thu Nov 18, 2021 2:02 pm
Use it as Ehlers recommends it or use color changes for possible signals
some experimenting with DMH period recommended before using it
Thank you Mrtools for being so kind to share it over here.

Currently experimenting with it, so far I've utilized a Moving Average to help with the entries. It will be interesting to see how this code develops and if other traders find it working for them :)

If anyone is interested, here's a DMH + Moving Average template for MT4:
Directional Movement w Hann indicator DMH for MT4.png
Ehlers DMH MA Cross Template
(80.44 KiB) Downloaded 238 times
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.

The brand new FBS Forex Calendar 🗓️
How to: Draw Fibonacci Extensions the easy way
How to: Identify major Support & Resistance using the line chart

  1. Similar Topics

    1. Ehlers RSI smoothing trick - Help please

      4 Replies 1155 Views

      by DocYummy77, Sun Feb 28, 2021 9:36 pm in MT4 Indicators

      4 Replies
    2. 19 Replies
    3. Reorder Indicators on chart - Visual Layers Reordering in MT4

      6 Replies 878 Views

      by cortyk, Thu Jun 17, 2021 5:34 am in MT4 Indicators

      6 Replies

Return to “MT4 Indicators”

Users viewing this forum: Ahrefs [Bot], BhanuGopal, CommonCrawl [Bot], Deez, KAESER444, mrtools, Rabi, talaate, thomdel, tuanvuong, 太虚一毫 and 58 guests