Asctrend indicator in depth - page 2

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Sergey Golubev
Moderator
112908
Sergey Golubev  

If we are talking about new filter so this indicator may be good one: I_XO_A_H . I just modified this indicator to work for 5 digit broker (what is why ..._5d). This indicator is used for Scalp_net system (my system :) ) for the long time.

PS. I uploaded this indicator as zip archive version our forum is not allowing to have "_" in the name of indicator sorry. 

Files:
IXOAH5d.zip 1 kb
Sergey Golubev
Moderator
112908
Sergey Golubev  

Example - this sell trade is confirmed

MetaTrader Trading Platform Screenshots

EURUSD, H4, 2013.03.30

Alpari NZ Limited, MetaTrader 4, Demo

eurusd h4 confirmed

EURUSD, H4, 2013.03.30, Alpari NZ Limited, MetaTrader 4, Demo


Sergey Golubev
Moderator
112908
Sergey Golubev  

The other indicator which may be good filter is STIX (this is famous indicator working on oversold/overbought levels) - example (indicator is attached):

MetaTrader Trading Platform Screenshots

EURUSD, H4, 2013.03.30

Alpari NZ Limited, MetaTrader 4, Demo

eurusd h4 stix

EURUSD, H4, 2013.03.30, Alpari NZ Limited, MetaTrader 4, Demo


Files:
STIX.zip 2 kb
Sergey Golubev
Moderator
112908
Sergey Golubev  

And next filter - default Stochastic indicator with the settings 14/5/5, price close, MA method simple (working on the same way as STIX - sell from 60 - 80 level and buy is confirmed if indicator is below 50 - 20 or 30 or 40 as an optional one):

MetaTrader Trading Platform Screenshots

EURUSD, H4, 2013.03.30

Alpari NZ Limited, MetaTrader 4, Demo

eurusd stoch

EURUSD, H4, 2013.03.30, Alpari NZ Limited, MetaTrader 4, Demo


Alain Verleyen
39019
Alain Verleyen  

Did you know that Stochastic and WPR are exactly the same ? Only difference is scaling.

MetaTrader Trading Platform Screenshots

EURUSD, H1, 2013.04.01

Alpari Financial Services Ltd., MetaTrader 4, Demo

EURUSD, H1, 2013.04.01, Alpari Financial Services Ltd., MetaTrader 4, Demo


Sergey Golubev
Moderator
112908
Sergey Golubev  

Yes, WPR and Stochastic are having similar formula for calculation and both are used for measures overbought/oversold levels. But stochastic indicator is usually used for overbought/oversold in many EAs by many versions of indicator. But WPR - not sorry. I mean: Stochastic indicator is practically used for almost everywhere.

Sergey Golubev
Moderator
112908
Sergey Golubev  

Just an example: 3 indicators with same settings

 

Sergey Golubev
Moderator
112908
Sergey Golubev  
newdigital:

Yes, WPR and Stochastic are having similar formula for calculation and both are used for measures overbought/oversold levels. But stochastic indicator is usually used for overbought/oversold in many EAs by many versions of indicator. But WPR - not sorry. I mean: Stochastic indicator is practically used for almost everywhere.

Just an example - compare in CodeBase about

how many WPR indicator (10) vs how many Stochastic indicators (100 stoch related indies)

Sergey Golubev
Moderator
112908
Sergey Golubev  

Stochastic indicator (Sto.chas.tic - sto kas'tik) was invented by C. Ralph Dystant (1902-1978) and George C. Lane (1921-2004). WPR was invented by Larry Williams but he uses Stochastic in some cases as an example of WPR :)

But Stochastic is more developed by many versions and more used than WPR for example. 

Alain Verleyen
39019
Alain Verleyen  
newdigital:

Just an example - compare in CodeBase about

how many WPR indicator (10) vs how many Stochastic indicators (100 stoch related indies)

Yes. And ???

I don't know which came first, Stochastic or WPR, but all information given by WPR as available within Stochastic, so why create another indicator ? One may wonder how much of these indicators in the codebase actually brings something new.

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