I honestly believe this indicator should be in the top 10 list of best indicators in this website. It's an all-in-one system in itself.

Request: Can anybody add alerts to the arrows please? Thank you tremendously.

mystylez007 wrote: Tue Dec 01, 2020 2:50 pm I honestly believe this indicator should be in the top 10 list of best indicators in this website. It's an all-in-one system in itself.

Request: Can anybody add alerts to the arrows please? Thank you tremendously.

Check here viewtopic.php?p=1295421983#p1295421983

Thanks coders for such a valuable tool. I use VQZL averages 2.6 as one of the primary indicators to recognise the flow of the market. I am missing ability to change settings straight from the screen for backtesting. Is there anyway to do it? Much obliged...

mrtools wrote: Tue Dec 01, 2020 3:18 pm

Check here viewtopic.php?p=1295421983#p1295421983

Ai saw what this brazen "brother" did. Look. That's insolence
viewtopic.php?p=1295425160#p1295425160

mrtools wrote: Fri Nov 13, 2020 4:25 am Sorry missed this post, added the alerts.

Here is an interesting finding:
on my MT4 your VQ-nrp+arrows+mtf histo alerts
works on all instruments
except BRN (Brent Oil)
There are signals but they are totally different (if not wrong) from/compared to all the other instruments (indices or currency pairs).
Any ideas or explanations why that may be?

Just a little experimental stuff. Here's a Random walk index indicator that is using absolute error instead of High low range to construct the index. The results are different but good or bad that would require testing. It produces some big spikes(maybe root squaring values can also prevent that) so a maximum level is set to prevent display issue. As said it's just an experiment an can be improved by mathematical thinkers.

PS: For the Smoothed version, please see: Random Walk Index Smoothed for MT4.

Darks wrote: Fri Jan 01, 2021 10:13 pm Just a little experimental stuff. Here,s a Random walk index indicator that is using absolute error instead of High low range to construct the index. The results are different but good or bad that would require testing. It produces some big spikes(maybe root squaring values can also prevent that) so a maximum level is set to prevent display issue. As said it,s just an experiment an can be improved by mathematical thinkers.

wow, looks good,

Darks wrote: Fri Jan 01, 2021 10:13 pm Just a little experimental stuff. Here's a Random walk index indicator that is using absolute error instead of High low range to construct the index. The results are different but good or bad that would require testing. It produces some big spikes(maybe root squaring values can also prevent that) so a maximum level is set to prevent display issue. As said it's just an experiment an can be improved by mathematical thinkers.

This is a good one. I love the smoothed version but I must say, I really do like this one as it produces different but good signals (and dare I say, a tiny bit less lag)! What a nice experiment.

Attaching the smoothed version (as posted by Mrtools) here for those who would like to use it.

Darks wrote: Fri Jan 01, 2021 10:13 pm Just a little experimental stuff. Here's a Random walk index indicator that is using absolute error instead of High low range to construct the index. The results are different but good or bad that would require testing. It produces some big spikes(maybe root squaring values can also prevent that) so a maximum level is set to prevent display issue. As said it's just an experiment an can be improved by mathematical thinkers.

mrtools wrote: Wed Apr 01, 2020 2:26 am Added jurik smoothing.

Darks - very impressive idea
MrTools - the smoothing transforms this idea into a very impressive tool
Thanks to the both of you for doing this.