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Re: Convert MT5 indicators to MT4

#61
ChuChu Rocket wrote:
Tue Jan 26, 2021 9:30 pm
Dego wrote:
Tue Jan 26, 2021 8:32 pm
Could you show a chart what is a good setup for the goldenrod line? And on what tf?
There is an example already on Forex Station's Daily Download page and their Social Media pages :think:

It works on all timeframes but I use it on the 4H.
Could you please upload a chart with an example how you use it?


Re: Convert MT5 indicators to MT4

#62
Dego wrote:
Tue Jan 26, 2021 8:32 pm
ChuChu Rocket wrote:
Tue Jan 26, 2021 7:04 pm

It's used to determine the strength of the trend. Once it's broken, the trend is 100% locked in and confirmed. This is a good signal to enter.

It's like how some traders add a 20 line to the ADX to determine volatility. But what is good about the line on the itrend is that it's sort of Dynamic, as it adjusts itself, and is not just a flat line added :)

Would be good to hear an answer from Mrtools about it, too, in case I have missed something.
Could you show a chart what is a good setup for the goldenrod line? And on what tf?
This is Brainwashing system from TSD
GBPUSDH1.png

IdeaRe: Convert MT5 indicators to MT4

#63
ChuChu Rocket wrote:
Tue Jan 26, 2021 7:04 pm
It's used to determine the strength of the trend. Once it's broken, the trend is 100% locked in and confirmed. This is a good signal to enter.

It's like how some traders add a 20 line to the ADX to determine volatility. But what is good about the line on the itrend is that it's sort of Dynamic, as it adjusts itself, and is not just a flat line added :)

Would be good to hear an answer from Mrtools about it, too, in case I have missed something.
Yeah it works pretty much how you described. Awhile back while testing EA's and manually trading with the iTrend and price channel stop(PCS) it was determined that after crossing certain levels and in agreement with the PCS it was very profitable.

What was used was a look back period determining the maximun of Itend indicator highs/lows and multiplying by the level factor. This value was done manually at first, then worked on automating the process but never got it quite right, asked Mladen if he could help and in a very short time he fixed it to what it is now.

At the time the level factor was .283 for most pairs but that was a long time ago, so I'm sure it probably needs adjusting.

Re: Convert MT5 indicators to MT4

#64
mrtools wrote:
Wed Jan 27, 2021 4:34 am
ChuChu Rocket wrote:
Tue Jan 26, 2021 7:04 pm

It's used to determine the strength of the trend. Once it's broken, the trend is 100% locked in and confirmed. This is a good signal to enter.

It's like how some traders add a 20 line to the ADX to determine volatility. But what is good about the line on the itrend is that it's sort of Dynamic, as it adjusts itself, and is not just a flat line added :)

Would be good to hear an answer from Mrtools about it, too, in case I have missed something.
Yeah it works pretty much how you described. Awhile back while testing EA's and manually trading with the iTrend and price channel stop(PCS) it was determined that after crossing certain levels and in agreement with the PCS it was very profitable. What was used was a look back period determining the maximun of Itend indicator highs/lows and multiplying by the level factor. This value was done manually at first, then worked on automating the process but never got it quite right, asked Mladen if he could help and in a very short time he fixed it to what it is now. At the time the level factor was .283 for most pairs but that was a long time ago, so I'm sure it probably needs adjusting.
It's still gave more than good for me till now, but I add more complicated this system with I use the ichimoku simple strategy to determine the Trend and Demarktrendline for target that explains great by linuxser on his advanced trading system. Yes that will not 100% always right but That's making me confidence with the market. all I got from TSD before get bought by...
Thank you guys

Re: Convert MT5 indicators to MT4

#65
mrtools wrote:
Tue Jan 26, 2021 5:30 am
Eka wrote:
Mon Jan 25, 2021 4:42 pm
Dear mrtool ,
Would you convert this too
Have this version with all the averages already, adxvma is included.
Thank you for this powerful indicator. But could you please add alert when price past the gold median line! thank you so much


Re: Convert MT5 indicators to MT4

#66
tatlongtruong wrote:
Fri Jan 29, 2021 1:18 am
mrtools wrote:
Tue Jan 26, 2021 5:30 am


Have this version with all the averages already, adxvma is included.
Thank you for this powerful indicator. But could you please add alert when price past the gold median line! thank you so much
Added the alerts and posted here Itrend

Re: Convert MT5 indicators to MT4

#67
Eka wrote:
Wed Jan 27, 2021 2:51 pm
mrtools wrote:
Wed Jan 27, 2021 4:34 am


Yeah it works pretty much how you described. Awhile back while testing EA's and manually trading with the iTrend and price channel stop(PCS) it was determined that after crossing certain levels and in agreement with the PCS it was very profitable. What was used was a look back period determining the maximun of Itend indicator highs/lows and multiplying by the level factor. This value was done manually at first, then worked on automating the process but never got it quite right, asked Mladen if he could help and in a very short time he fixed it to what it is now. At the time the level factor was .283 for most pairs but that was a long time ago, so I'm sure it probably needs adjusting.
It's still gave more than good for me till now, but I add more complicated this system with I use the ichimoku simple strategy to determine the Trend and Demarktrendline for target that explains great by linuxser on his advanced trading system. Yes that will not 100% always right but That's making me confidence with the market. all I got from TSD before get bought by...
Thank you guys
Hello dear all,
what about trying with factor 0.142(twice less than 0.283) for the indicator ITREND AVERAGES from the coder Mrtools.In my humble opinion the line moves a little bit down and gives more options for entering into trades.
Did you try and found any other factor,different from 0.283 which gives good results??

Re: Convert MT5 indicators to MT4

#69
Kenrobert1 wrote:
Mon Jun 21, 2021 6:47 am
Hello great, Mrtools. How you have helped so many of us. Thank you so much. I came across this indicator and it worked amazing things like the ATR stops average and in some cases better. Please do help me convert it to mt5. Thank you again and again.
Looking at them can't guarantee I will be able to convert them, but looking at the code looks like a sorta step atr stops.

Re: Convert MT5 indicators to MT4

#70
mrtools wrote:
Tue Jun 22, 2021 3:21 am
Looking at them can't guarantee I will be able to convert them, but looking at the code looks like a sorta step atr stops.
Thank you so much. I know you have want it takes to make it work. This is the original indicator. In case it can aid the work. I greatly appreciate.
Skyscraper.mq5
(22.4 KiB) Downloaded 55 times


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