Re: Moving Average indicators for MT4

2842
太虚一毫 wrote: Thu Apr 06, 2023 2:49 pm mrtools / kvak teacher is a revolutionary upgrade to the original G-channel. Very informative value. :thumbup:

Expect the teacher to upgrade the histo version and add a button when he has free time.

The merit is immeasurable!
Added button...
These users thanked the author kvak for the post (total 7):
thomdel, Jonex1995, 太虚一毫, Chickenspicy, Jedidiah, Jackson Doh, RodrigoRT7

Re: Moving Average indicators for MT4

2844
mrtools wrote: Tue Apr 04, 2023 2:24 pm Elders Auto Envelopes with latest MA Filters + Stable Update

This is an updated version of Elders Auto envelopes with all the latest averages, had to scrap g channel on this version, for some reason not working.

Mladen's explanation:

Envelope or channel lines are set parallel to the moving average (parallel to the slow MA if you use two MAs). The two channel lines must contain:

  • Approximately 95% of all prices for the past two or three months on a daily chart
  • Only the extremes protruding outside the bands

Channel lines provide attractive profit targets – sell longs near the upper line and cover shorts near the lower line.

The auto envelope automatically sizes channels by calculating a standard deviation for the last n bars. It is designed to change value at most once a week (once a month on a weekly chart), making it suitable even for intra-day data (use the ‘Fixed channel size’ parameter to switch from one mode to the other).
Image
Mr. Tools, any chance for an MTF version of this? This coupled with RSI or HAOS (with extreme overbought/sold areas) gives a high probability for an A+ setup that is meausrable.


Re: Moving Average indicators for MT4

2847
Lumios wrote: Sun Apr 09, 2023 12:57 pm Mr. Tools, any chance for an MTF version of this? This coupled with RSI or HAOS (with extreme overbought/sold areas) gives a high probability for an A+ setup that is meausrable.
Mtf added.
These users thanked the author mrtools for the post (total 5):
kvak, RodrigoRT7, thomdel, iPar, Ricstar_8

Re: Moving Average indicators for MT4

2850
mrtools wrote: Mon Apr 10, 2023 4:22 am Are you talking about a line also with the arrows?
yes, a line with arrow whenever current price closed candle crossing the line moving average, based on history reversal tend to happen after price crossing the MA line on lower time frame

this picture show the right entry with a green arrow. and not a good entry the yellow arrow, because the price not yet crossing the MA line just touching
MA price crossing MA price crossing
Thank you


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