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Experiments - while waiting for an order to get closed

  • #621
  • Oct 26, 2021 4:28am Oct 26, 2021 4:28am
Quoting Woodyz
{quote} Thanks for that.......Although is it available for mt4
Same exact,no - but there are variety of stochastic indicators,almost more extended and flexible than this
  • #622
  • Oct 26, 2021 8:04am Oct 26, 2021 8:04am
The original is not too intuitive how it can be used for trading
One possible way how it can be used for entries, re-entries and exits

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.png Size: 184 KB

Attached File(s)
File Type: mq5 Moving Average Bands - extended.mq5   13 KB | 641 downloads
  • #623
  • Oct 28, 2021 4:14am Oct 28, 2021 4:14am
A continuation of moving average bands indicator serries
According to author of the original (published in TASC August 2021 issue) :
Quote
Vitali Apirine:
The distance between the bands will widen as volatility increases and will narrow as volatility decreases. The moving average band width (MABW) measures the percentage difference between the bands. Changes in this difference may indicate a forthcoming move or change in the trend.
Added red color when the bands width is reaching its extreme minimum(s)

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.png Size: 139 KB

PS: this is not a directional indicator, It should be used for indicator of volatility not a direction of trade
Attached File(s)
File Type: mq5 Moving Average Bands Width.mq5   11 KB | 573 downloads
  • #624
  • Edited 4:34am Nov 3, 2021 4:23am | Edited 4:34am
Even though these two are published in the codebase already, posting them here too (just in case )

Quote
In December 2020 issue of TASC, John Ehlers published an indicator called MyRsi with NET (MyRsi with Noise Elimination Technology) in which he uses a sort of Kendall (auto)correlation to filter out signals
The only deviation in this version is that we can use desired prices (instead of using fixed close price)
Also attached here is the "MyRsi" as a separate indicator too (seemed as a logical step to do)

Attached Image (click to enlarge)
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PS: some experimenting with the parameters is advised (as usual)
Attached File(s)
File Type: mq5 MyRsi.mq5   10 KB | 597 downloads
File Type: mq5 MyRsi with NET.mq5   12 KB | 584 downloads
  • #625
  • Nov 4, 2021 12:56pm Nov 4, 2021 12:56pm
Metatrader 4 versions of the above 2
Attached File(s)
File Type: mq4 MyRsi.mq4   5 KB | 772 downloads
File Type: mq4 MyRsi with NET.mq4   6 KB | 762 downloads
  • #626
  • Nov 5, 2021 12:09am Nov 5, 2021 12:09am
Hello Mladen
I saw this TMA Centered histogram indicator that you had for MQ4
i was wondering if you have the MQ5 version
Attached File(s)
File Type: mq4 TMACentered Histo MTF.mq4   5 KB | 281 downloads
  • #627
  • Nov 6, 2021 10:14am Nov 6, 2021 10:14am
An old indicator in a renewed suit
Rex indicator with a sort of Donchian channels to detect possible over bough, over sold and ranging zones

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.png Size: 168 KB

Attached File(s)
File Type: mq5 Rex (extended).mq5   17 KB | 657 downloads
  • #628
  • Edited 5:06am Nov 7, 2021 4:00am | Edited 5:06am
Quoting mladen
Metatrader 4 versions of the above 2
I have - for quite some time - wondered how it is at all possible for someone of Mladen's competence to use the inputs he uses for his indicators (many of his exquisite indicators seem to be lagging - or even be uselesss for trading - if you use them with the standard inputs).
To give you an idea of what I mean I simply made a screenshot with Mladen's version of myrsi+net and a somewhat altered version by someone else (v2v).
Probably it is obvious to anyone who is actually trading which one is preferable - and yet: the indicator (based on Ehlers' article) was introduced by Mladen...
Possibility 1: Mladen's style of trading is fundamentally different from most people's style....
Possibility 2: Mladen writes superb code but doesn't trade.
I know he won't answer but produce one of his arrogant rants instead, telling me that I don't have a clue etc.
Still: think about it (instead of putting me on ignore etc)
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  • #629
  • Nov 7, 2021 4:47am Nov 7, 2021 4:47am
Quoting josi
Possibility 1: Mladen's style of trading is fundamentally different from most people's style....
Try to keep an open mind. There are many ways of trading and your style can be different from other's.

I too prefer smooth indicators, even if they lag. Look how often your own indicator temporarily crosses, then reverts back, then crosses again, etc. And look how clean mladen's indicator is. For manual discretionary trading this might not be a problem, but for developing an automated strategy we need clean signals and no fake crosses.

Perhaps you build your strategies purely based on indicator values and therefore don't like lag, but then you are forgetting the best indicator that never lags: the price itself! I don't need an indicator to tell me there is a strong move or breakout. Price action tells me that the second it happens. However, I do need an indicator to tell me when this trend is losing its strength.

Using machine learning you can already build profitable strategies using only price action (e.g. inputs like highest high, lowest low (aka Donchian channels), last 10 relative prices, etc.). However, add a few clean indicators to mix and things start to fly! A little bit of lag doesn't seem to bother the ML algorithm.
  • #630
  • Nov 7, 2021 8:04am Nov 7, 2021 8:04am
Quoting josi
{quote} I have - for quite some time - wondered how it is at all possible for someone of Mladen's competence to use the inputs he uses for his indicators (many of his exquisite indicators seem to be lagging - or even be uselesss for trading - if you use them with the standard inputs). To give you an idea of what I mean I simply made a screenshot with Mladen's version of myrsi+net and a somewhat altered version by someone else (v2v). Probably it is obvious to anyone who is actually trading which one is preferable - and yet: the indicator (based on...
Using default parameters used by John Ehlers - check TASC December 2020

Hence, you should ask the people that invented the indicator(s) why do they use those parameters. When I make an indicator invented by someone else, I do not pretend to be smarter than the inventors of it and I keep the parameters used by them

After all : parameters are there to adjust them to your need. Otherwise : what purpose would they serve for?
  • #631
  • Nov 7, 2021 8:06am Nov 7, 2021 8:06am
Quoting mladen
...what purpose would they serve for?
Well, how about trading?
No answer required.
All the best.
  • #632
  • Nov 7, 2021 8:15am Nov 7, 2021 8:15am
Quoting josi
{quote} Well, how about trading? No answer required. All the best.
You mean we all (John Ehlers, Perry Kauffman, Welles Wilders, ... all the anonymous ... ) should trade exactly as you are (trading)?
Ie: there is only one one possible way of trading : the Josi way?

Whatever ...
  • #633
  • Nov 7, 2021 9:02am Nov 7, 2021 9:02am
Quoting josi
{quote} ... I mean I simply made a screenshot with Mladen's version of myrsi+net and a somewhat altered version by someone else (v2v).
That dynamic MyRSI with NET variation that I made recently had the code snippets of the legendary master coder mladen. Without it, I won't be able to experiment or play around with this tool/indicator. I mostly learned from his open-source shared herein, and from other community domains, forums/ threads. I just simply combine some other works by other talented coders. I'm still continuously learning from his open-source codes and finally migrating my v2v dynamic trading system to MT5 domain. But it is a long way to go, I need to finish this system of mine under MT4 by removing a lot of redundancy of common functions/features (as code include) before moving to another trading platform (MT5)
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #634
  • Nov 11, 2021 8:38am Nov 11, 2021 8:38am
Some more experiments
This indicator is "mimicking" the CCI - ie: it is not a CCI, but is close enough to still keep the name. Some experimenting advised (especially with price pre-smoothing if you are looking for signals filtering without too much lag)

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.png Size: 172 KB

Attached File(s)
File Type: mq5 Cci (mimic).mq5   19 KB | 614 downloads
  • #635
  • Nov 17, 2021 9:50am Nov 17, 2021 9:50am
DMH indicators (metatrader 4 and 5 versions) - originally published by John Ehlers in December 2021 issue of TASC

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Attached File(s)
File Type: mq5 DMH.mq5   9 KB | 627 downloads
File Type: mq4 DMH.mq4   12 KB | 690 downloads
  • #636
  • Nov 18, 2021 11:29am Nov 18, 2021 11:29am
Seen some dispute what is "better" : moving averages or digital filters
To help in the dispute : fir filter indicator (ie: digital filters) with some well known like :

  1. Hanning
  2. Hamming
  3. Blackman
  4. Blackman / Harris

And (simply in order to demonstrate that almost anything can be - and is - a digital filter) :

  1. rectangular - simple moving average
  2. linear weighted moving average
  3. triangular moving average


Attached Image (click to enlarge)
Click to Enlarge Name: Capture.png Size: 146 KB


Attached File(s)
File Type: mq5 Fir filters.mq5   11 KB | 539 downloads
  • #637
  • Nov 23, 2021 10:42am Nov 23, 2021 10:42am
OBV extended with a sort of Donchian channels - which allows OBV to be used in some kind of signaling mode

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.png Size: 139 KB

Attached File(s)
File Type: mq5 OBV (extended).mq5   8 KB | 655 downloads
  • #638
  • Nov 24, 2021 12:54am Nov 24, 2021 12:54am
Quoting mladen
Some more experiments This indicator is "mimicking" the CCI - ie: it is not a CCI, but is close enough to still keep the name. Some experimenting advised (especially with price pre-smoothing if you are looking for signals filtering without too much lag) {image} {file}
Thank you. Is this only available for MT4?
  • #639
  • Nov 24, 2021 9:20am Nov 24, 2021 9:20am
As simple as it gets :

  1. channels based on high, low and ATR
  2. use it for support / resistance estimation(s) or for TP and / or SL settings from an EA

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.png Size: 169 KB

Attached File(s)
File Type: mq5 Limit channels.mq5   10 KB | 562 downloads
  • #640
  • Nov 24, 2021 9:40am Nov 24, 2021 9:40am
Same thing as above - just for metatrader 4

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.png Size: 163 KB

Attached File(s)
File Type: mq4 Limit channels.mq4   10 KB | 672 downloads
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