moey_dw wrote: Thu Sep 08, 2022 4:01 pm This one is another diamond indicator.......... good & i do notice it is working exceptionally nice on 15m charts.......... in fact lower tf seems to give better results on this indicator but i do not find adjusting Double DEMA volume factor does anything (yet) for it! Ok!

mrtools what is GENERALIZED mean pls??

Quoting Mladen:

This version:

Instead of using fixed multiplication factor in the final DEMA formula, the generalized version allows you to change it. By varying the "volume factor" from 0 to 1 you apply different multiplications and thus producing DEMA with different "speed" - the higher the volume factor is the "faster" the DEMA will be (but also the slope of it will be less smooth). The volume factor is limited in the calculation to 1 since any volume factor that is larger than 1 is increasing the overshooting to the extent that some volume factors usage makes the indicator unusable.

Kinda like T3 Hot in T3 moving average,

Just tried the volume factor and it is working.

mrtools wrote: Thu Sep 08, 2022 4:21 pm Quoting Mladen:

This version:

Instead of using fixed multiplication factor in the final DEMA formula, the generalized version allows you to change it. By varying the "volume factor" from 0 to 1 you apply different multiplications and thus producing DEMA with different "speed" - the higher the volume factor is the "faster" the DEMA will be (but also the slope of it will be less smooth). The volume factor is limited in the calculation to 1 since any volume factor that is larger than 1 is increasing the overshooting to the extent that some volume factors usage makes the indicator unusable.

Kinda like T3 Hot in T3 moving average,

Just tried the volume factor and it is working.

oh yep got it.......... so:

HIGHER volume factor is faster & less lag (less smoothed)
LOWER volume factor is more smoothed (a bit lagged)

is this right mrtools!!

mrtools wrote: Tue Jul 19, 2022 5:13 am Button added.

Thanks Mr Tools
I have to say that adding a bias band is a great idea.
Can easily capture high volatility trends

honje19960321 wrote: Thu Sep 08, 2022 9:31 pm Thanks Mr Tools
I have to say that adding a bias band is a great idea.
Can easily capture high volatility trends

impressive ! what page is this on?

chickensword wrote: Thu Sep 08, 2022 9:52 pm impressive ! what page is this on?

Jimmy wrote: Tue Apr 05, 2022 8:52 pm In the quote box, press the small up arrow ↑

Dear Bro, you will see an up arrow ⬆ next to Mr. Tools 's name in the quote box. Use the ⬆ to quickly go to that quote and page.

moey_dw wrote: Thu Sep 08, 2022 9:09 pm oh yep got it.......... so:

HIGHER volume factor is faster & less lag (less smoothed)
LOWER volume factor is more smoothed (a bit lagged)

is this right mrtools!!

Right!

okie peoples ive gathered the my opinionated best step indicators and will try to post them all here in a zip file soon,
as well as re upload the super rsi file with my opinionated best there too

This has pretty much everything takes a look

only if Yurik would have shared his template though..

ocs nma indicator does it work on the 4h is it profitable and is it profitable on the 15 min too if you guys have any experience with this indicator plz guide