Re: Step Indicators for MT4

592
mrtools wrote: Sun Mar 14, 2021 2:15 pm Added a choice of deviation bands or atr band options, also updated the indicator a bit to now include auto adjust candles instead of the bars.

PS: To see an example on how ATR Bands & Custom Standard Deviation Bands differ, please see here: ATR Bands Vs Standard Deviation Bands.
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Hi, mrtools, kindly add all averages to the ATR band calculation. Also add option to adjust ATR band line width. thank you in advance.
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sylvester21

Re: Step Indicators for MT4

594
Non-linear Kalman Filter for MT4 with Step function

Here is nonlinear kalman filter from Mladens MT5 version.
Updated with step function.....There are several method how calculate step....
Arrows, alerts and button....

The description by John Ehlers

  • Take EMA of price (better, a 3 Pole filter).
  • Take the difference (delta) between Price and its EMA.
  • Take an EMA of delta (or a 3 Pole filter):
    • Smoothing will help reduce whipsaws.
    • Ideally, smoothing introduces no major trend mode lag because delta is detrended.
  • Add the smoothed delta to EMA for a zero lag curve.
  • Add 2*(smoothed delta) to EMA for a smoother predictive line.

Settings to try

  • Filter Order: First Order (EMA)
  • Fast Filter Period: 14
  • Pre-smoothing Period: 3
  • MA Type: Linear Weighted MA
  • Step calculate on: EMA Deviation
  • Step size: 100.0
  • Calculation period of Step: 51.0


Re: Step Indicators for MT4

598
Step Moving Averages

Here is step averages indicator...
Have 6x extra averages with his advanced menus (oma, alma, ama, kama, t3 and Tim Morris ma) .
Several step calculations, mtf, arrows and alerts....
These users thanked the author kvak for the post (total 9):
TransparentTrader, sylvester21, yoki, Chickenspicy, thomdel, iPar, Jedidiah, RodrigoRT7, 256robertm


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