Trading Made Simple(r)

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I named this the "RobinHood Oscillator" (abbreviated "RHO"). TC2000 is the only trading platform that I have been able to create this indicator on, so I don't have it for MT4....YET.

7. RH7 = MACD 6 & 10, dotted line, yellow
8. RH8 = MACD 11 & 13, solid line, magenta

Quoting MyProfit

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{quote}{quote} If I try on mt4, with a double Macd indicator.. how I need to input the settings?, I suppose the Macd has 3 settings, not counting the dotted line... 6-10-0 and 11-13-0? Thanks

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Quoting RobinHood

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RobinHood Oscillator Explained {image} Here's how the RobinHood Oscillator (in the lower window) works. 1. You can only initiate Long trades when the magenta line is above the white zero line and you can only initiate Short trades when the magenta line is below the white zero line. 2. You can only initiate Long trades when the yellow line is above the white zero line and you can only initiate Short trades when the yellow line is below the white zero line. 3. Crossover Trades are initiated when the one of the 2 lines mentioned above is above the...

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Quoting tienphuc2910

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{quote} As you have described, it only works on the stock market, can it apply to forex? I've been following this article from the beginning, RH has created a lot of templates, I seem to be confused about which template to use really the most effective. Tks

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Quoting RobinHood

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No but does this help in any way same scale same zero] {image}

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Quoting RobinHood

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{quote} I did not say that it only works on the stock market. I said that I have not been to get it to work on MT4...YET. I also said that we need to get Swingman to program it (for MT4). Or possibly someone else here could do it. Yes, it can work on the Forex. Here is the RobinHood Oscillator on TradingView, on a EURUSD 4 hour chart. {image} As to which template to use? There is no one perfect answer. If you can't decide which template to use, then I would just use template #1 on Page #1, in Post #1.

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Quoting emequispips

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For mt4 users can you check this macd indicator for replicate RHO? Maybe It can works. {file} Source https://www.mql5.com/en/forum/173574...omment_4548772

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Quoting RobinHood

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{quote} I really appreciate the effort, but they don't match each other on two different platforms and I changed all of the settings to be exactly like each other. The top box is Mt4 and the bottom box is TradingView. I am not sure which one is wrong, but based on looking at the two, I personally believe the TradingView version is correct, but that's just a guess at this point. {image}

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Quoting Eric888

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Dear Robin Hood, this is my first time speaking in a forum, but I follow RBH a lot and I must say he is a very good senior. I'm a programmer, and seeing that someone wanted an MT4 version of the indicator, I tried to write one, and asked RobinHood to compare it to see if the results were consistent. English is not my native language, I used Google Translate to post, sorry for any grammatical mistakes, thanks again RobinHood!4205998{image}

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Quoting RobinHood

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I just compared MT4 and TradingView again and now they do seem to mostly match. I don't know what changed. Here my version: {file}

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Quoting trade1969

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{image}

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Quoting trade1969

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{quote} {file}

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