Dynamic indicators - page 3

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Mladen Rakic
151145
Mladen Rakic  

...

Because the talk about this indicator is the usual : fantastic,.... and in my opinion it is not that (fantastic). Too much false signals

cencored:
thank you mladen, I appreciate your help. Why were the results not the expected ones?
fxbs
3203
fxbs  
mladen:
A friend of mine asked me some time ago to look at it and we did, but, frankly, from the information that we had as of how does that indicator works, the results were not the expected ones. Anyway, attached it here.

regards

mladen

sto of rsi, right?

StoRSI = 100.0*((RSI - LLV)/(HHV - LLV));

cencored
7
cencored  
mladen:
Because the talk about this indicator is the usual : fantastic,.... and in my opinion it is not that (fantastic). Too much false signals

After some backtesting I have to agree, the Sto indicator works a lot better in comparison.

kissaki
48
kissaki  

Thank's for the indicator. This is a good tool. I guess your friend miss understood about how to use it. You need to read the book of Dynamic Trader to understand how to use it. but this is a useful weapon.

This indy is not much different with RSI over the Stoch, but DTosc have smoother lines. I don't why, i am not a programmer, can you tell me why ?. Thank's any way.

mladen:
A friend of mine asked me some time ago to look at it and we did, but, frankly, from the information that we had as of how does that indicator works, the results were not the expected ones. Anyway, attached it here.

regards

mladen
fxbs
3203
fxbs  
kissaki:
Thank's for the indicator. This is a good tool. I guess your friend miss understood about how to use it. You need to read the book of Dynamic Trader to understand how to use it. but this is a useful weapon. This indy is not much different with RSI over the Stoch, but DTosc have smoother lines. I don't why, i am not a programmer, can you tell me why ?. Thank's any way.

because of formula:

double HHV = RSI[ArrayMaximum(RSI,PeriodStoch,i)];

StoRSI = 100.0*((RSI - LLV)/(HHV - LLV));

may be you tell us your understanding about how to use it? (few examples?)

Thank's

thuynguyen
3
thuynguyen  

thank

thank you very much!

omid650
10
omid650  

Dear fxbs

I need a simple indicator , and will appreciate if you do it , it must draw 2 lines for all the chart

HL=today_high + (previous_day_high - previous_day_low)*0.44

LL=today_low - (previous_day_high - previous_day_low)*0.44

this indicator must fix for mondays too

tnx

kissaki
48
kissaki  
fxbs:
because of formula:

double HHV = RSI[ArrayMaximum(RSI,PeriodStoch,i)];

StoRSI = 100.0*((RSI - LLV)/(HHV - LLV));

may be you tell us your understanding about how to use it? (few examples?)

Thank's

Hi, sorry for late reply, but it is hard for me to explain it in short words. I learn it from the author of DTOSC, Robert C. Miner, from his book, "High Probability Trading Strategy" Dynamic Traders - Home (i think). Specially with the DTOSC setting, he said there is no fix setting, as long we can see the high and low reversal on previous bar.

It is a classic strategy, Dual time frame, Fib and simple EW, but it is very great combination (for me). after I read it, it become simple, but to explain it would take more time.

Sergey Golubev
Moderator
112872
Sergey Golubev  

New indicator was posted in elite indicators section:

McGinley Dynamic indicator (based on original article by John R. McGuinley, Jr.) is on this post.

biddick
339
biddick  

Hi ND ,

McGinley Dynamic indicator for Metatrader posted in Forexfactory.McGinley Dynamic indicator in the elite section is different than the one in FF?

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