LikeRe: Trend Indicators for MT4

1311
mrtools wrote: Thu Oct 06, 2022 5:07 am Added all the averages (also to the signal line) and added a requested histogram multiplier to make the histogram a little more visible.
Ow mrtoolz man.......... u are a beast I was not expecting so fast the upgrades already added 😯😯😯

Now onto testing!!!
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Jedidiah
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Re: Trend Indicators for MT4

1313
mrtools wrote: Thu Oct 06, 2022 5:07 am
Man, you did it - again!
As far as I am concerned the standard inputs are already perfect.
It is a complete trading system, right there in front of our noses.
You just have to start trading immediately.
Perfection in one indicator - what more can anyone ask for now.
This is not top ten, but number one, man, number one.
Well, you're the man!
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Re: Trend Indicators for MT4

1314
Please take a look at the advanced AllAbsoluteStrength_v2 indicator which uses AllAverage_v3.1.
This indicator can be considered as an alternative to the well known RSI, Stochastic and DMI, as far as their methods of calculation based on Buyers and Sellers strengths. Despite of the enumerated indicators, the calculation is performed in points, not in a percentage. It gives a possibility to appreciate finer-grained market strengths and avoid such sufficient disadvantages as "stuck" in the strong trend for Stochastic.

In the given version of the indicator there is a possibility to build levels of Strength (Strength Level) and Weakness (Weakness Level) using three ways:

OverBought/OverSold levels (OverBought/OverSold),as in the RSI and Stochastic, regulated by StrengthLevel and WeaknessLevel parameters (for example, 80 and 20).
The channel of the standard deviations regulated by LookBackPeriod parameters and coefficients for the upper (UpperMultiplier) and lower (LowerMultiplier) bound of the channel.
High/Low Channel drawn on the principle of the price channel is regulated by the LookBackPeriod, StrengthLevel and WeaknessLevel parameters.

honje19960321 wrote: Sat Oct 22, 2022 12:03 am bullish (Bull market) :
1.png


bearish (Bear market) :

2.png

ranging (choppy market - means: buy and sell on the same time) :

3.png


flat (sideways market - means: no buy and no sell) :

4.png
correction :

5.png

correction in a bear market (Bear Market Rally) :

6.png
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Re: Trend Indicators for MT4

1316
ppinto wrote: Fri Oct 28, 2022 11:39 am Dear Mr tools,

It would be very appreciated to have the nadaraya watson estimator in histogram.

All the best
Made a 0 to 1 histo version.
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