Re: MT4 Indicator requests and ideas

#17091
Something for inspiration and idea. Maybe someone will come up with a great idea for an indicator. I use them on a real account and they work great.
1.png
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Základ nový predaj png.png
learn to use the indicator first, then trade...
Betyx


Re: MT4 Indicator requests and ideas

#17093
kvak, mrtools, or any of the wonderful coders on this website: Would it be possible to convert the indicator below into MT4 format?

https://www.tradingview.com/script/ONXv ... nal-Index/

Screenshot 2022-11-27 015301.jpg

The code is below:

Code: Select all

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © peacefulToucan67678

//@version=5
indicator("MADX")
length = input.int(100)
mahigh = ta.ema(high, length)
malow = ta.ema(low, length)
maclose = ta.ema(close, length)
bear = mahigh/maclose
bull = maclose/malow
plot(bear, color=#f44336, linewidth=2, title="MADX-")
plot(bull, color=#006064, linewidth=2, title="MADX+")

I'm thinking this indicator could be expanded upon in numerous ways:

  • Being able to add all averages to the indicator so we aren't limited to just the EMA
  • Ability to edit which kind of moving average you use for "mahigh", "malow", and "maclose" for some interesting combinations
  • Modifying the length of "mahigh", "malow", and "maclose" separately so you aren't stuck with one length for all 3 parameters
  • Adding the ability to see the indicator in MTF/AHTF
  • Arrows for an entry that is visually easier to see
  • Coloring the candles to reflect when the indicator is in bullish/bearish mode
  • Alerts so we don't have to sit at our computers all day for a viable trade signal
  • A button for easier analysis and less CPU consumption

The code looks fairly easy to translate into MT4 language as it's only a few lines at most. Not sure if it is more appropriate to put it in the ADX thread or the Moving Averages thread.

I had the chance to do some very light backtesting on SPX500 1-minute charts using a length setting of 50 and it looks very promising. Losses are small enough that one winner can wipe a couple of them out.

Appreciate you guys and all that you do!

Re: MT4 Indicator requests and ideas

#17095
TransparentTrader wrote:
Sun Nov 27, 2022 6:08 pm
kvak, mrtools, or any of the wonderful coders on this website: Would it be possible to convert the indicator below into MT4 format?

https://www.tradingview.com/script/ONXv ... nal-Index/


Image



The code is below:

Code: Select all

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © peacefulToucan67678

//@version=5
indicator("MADX")
length = input.int(100)
mahigh = ta.ema(high, length)
malow = ta.ema(low, length)
maclose = ta.ema(close, length)
bear = mahigh/maclose
bull = maclose/malow
plot(bear, color=#f44336, linewidth=2, title="MADX-")
plot(bull, color=#006064, linewidth=2, title="MADX+")

I'm thinking this indicator could be expanded upon in numerous ways:

  • Being able to add all averages to the indicator so we aren't limited to just the EMA
  • Ability to edit which kind of moving average you use for "mahigh", "malow", and "maclose" for some interesting combinations
  • Modifying the length of "mahigh", "malow", and "maclose" separately so you aren't stuck with one length for all 3 parameters
  • Adding the ability to see the indicator in MTF/AHTF
  • Arrows for an entry that is visually easier to see
  • Coloring the candles to reflect when the indicator is in bullish/bearish mode
  • Alerts so we don't have to sit at our computers all day for a viable trade signal
  • A button for easier analysis and less CPU consumption

The code looks fairly easy to translate into MT4 language as it's only a few lines at most. Not sure if it is more appropriate to put it in the ADX thread or the Moving Averages thread.

I had the chance to do some very light backtesting on SPX500 1-minute charts using a length setting of 50 and it looks very promising. Losses are small enough that one winner can wipe a couple of them out.

Appreciate you guys and all that you do!
Thanks for the code, looks doable, kind of past my bedtime now, but if no one gets to it before tomorrow, will try to do a version.


Re: MT4 Indicator requests and ideas

#17097
TransparentTrader wrote:
Sun Nov 27, 2022 6:08 pm
kvak, mrtools, or any of the wonderful coders on this website: Would it be possible to convert the indicator below into MT4 format?



The code looks fairly easy to translate into MT4 language as it's only a few lines at most. Not sure if it is more appropriate to put it in the ADX thread or the Moving Averages thread.

I had the chance to do some very light backtesting on SPX500 1-minute charts using a length setting of 50 and it looks very promising. Losses are small enough that one winner can wipe a couple of them out.

Appreciate you guys and all that you do!
Hello. You may test my version here..madx..Thanks for idea...

Re: MT4 Indicator requests and ideas

#17099
Hi everyone! I kindly need a small change regarding the BBFlat. I would like to be able to see data for pairs that don't have JPY, with more decimals. In pairs that own the JPY, for obvious reasons, the data is more extensive. I need these data to perform some calculations as I would like to build an EA. Thanks to anyone who can help me.
NO JPY.png
JPY.png
BBflat_sw.mq4
(2.14 KiB) Downloaded 73 times


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