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Re: Something interesting please post here (Metatrader)

#1254
MWA [ Multi Wave Analysis ]


Idea that have led in developing this indicator is to try to distinguish Waves of different Amplitude and Period.

Simplified, Moving Average (MA) with a Larger period is the baseline for a Shorter period Moving Average (MA)
Shorter period Moving Average (MA), fluctuated around a Longer period Moving Average (MA)

Unlike Moving Average (MA), which followed the closing price, WMA predict price trends, and indicate, the deviation from the defined wave.

WMA can reach a value Higher than the maximum closing Price for that period, the reason, the Price moves below the short-wave, the Moving Average (MA) continue to grow, but due to changes in Market conditions, Momentum, Inertia, or the Fundamental data, Price did not continue its growth.

As a basis, suggest the ordinary 200 period MVA, then we deduct MWA 200 from the closing price, now we Calculate 100 period MVA of Residual,
Again, deduct MVA 100 from Residual.

Procedure must be repeated for 50, 25, 12 and 6 period.

You can use all MWA components simultaneously, one pair, or only one component as Wave Moving Average.

Advantages of these modified moving average is obvious, at least,
earlier detection of changes in Trend precise Support and Resistance definitions,

Signals :
Signal is generated if MWA with Lower period Growth / Fall Above / Below Higher period WMA.

Better results would be achieved if they could determine the exact period, the Cycle of each Wave.
MWA [ Multi Wave Analysis ].jpg
MWA.ex4
(7.95 KiB) Downloaded 611 times
Always looking the GREAT, never left GOOD Point...


Re: Something interesting please post here (Metatrader)

#1258
Please coders, can you code Bulls Bears candles something like this in picture.
Green when Bulls are in control, Yellow for uncertain and red for Bears. I was digging around but there is no such an indicator.
Something like in picture please.
I'm sorry if this post is not related here.
Thank you in advance.
bulls_bears candles.png

Re: Something interesting please post here (Metatrader)

#1259
glitch index dots
One of Mladen's indicators
Very flexible to form any trading set up - almost 2 step levels - 2 level arrows with unique ID and more included
request for 33 prices and 8 methods - currently it using close price with sma as per my little knowing :)
EURUSDM5.png
EURUSDH1.png
p.png
glitch index dots.ex4
(23.06 KiB) Downloaded 970 times
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.

Re: Something interesting please post here (Metatrader)

#1260
mntiwana wrote:
Mon Apr 16, 2018 5:28 am
glitch index dots
One of Mladen's indicators
Very flexible to form any trading set up - almost 2 step levels - 2 level arrows with unique ID and more included
request for 33 prices and 8 methods - currently it using close price with sma as per my little knowing :)
And alerts , please?
Thank you!


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