Recently I've found out, that ADX for MT4 is different with original Wilder's DMI. So, I've decided to develop correct DMI for our community.
With this indicator you can plot DMI+, DMI-, ADX and ADXR lines.
Thanks for the nice work you have contributed....
Really appreciate your efforts and sharing with us.
You are the man...that DMI is hot.
PCCI RENKO_V1 explaination
Can any one please tell me or direct me where I can find the explaination of PCCI & RENKO_v1 indicators? How to use these in trading?
I have seen the pictures/charts posted here but I think I need some help to interpreat these two indicators.
Thanks in advance.
One day PCCI and Renko were attached to one sepaate window here https://www.mql5.com/en/forum/172923/page2
I was thinking that it may be good trading system. But scale for those two indicators were different and later on Igorad created combined version - PCCIRenko_v1 indicator which works good. Original thread is here
How to use Laguerre Filter?
I'm wondering about how to setup/use the Laguerre Filter (not the LaguerreRSI, I already get that). I searched here and found one post where the user attempted to put the filter in the same window as the LaguerreRSI - this won't work since the filter indicator (at least the one I have) is on the same scale as price rather than on the scale of zero-to-one.
All info appreciated,
We have a thread about this indicator here https://www.mql5.com/en/forum/173022
And article about Laguerre https://www.mql5.com/en/forum/173021
I just modified RBCI2 to add in an alert. It'll alert when the price reaches the overbought, oversold, maximum & minimum levels. Then you'll decide when to buy or sell. It'll alert once per bar and not per second. So it's not annoying. You can turn the alert on or off. RBCI2a.mq4: "a" abbreviates for alert.
Some messages are:
"RBCI2 Oversold - Time to buy?"
"RBCI2 Overbought - Time to sell?"
"RBCI2 Max Level = Sell Alert"
"RBCI2 Min Level = Buy Alert"
Here're the colors of the indicator:
#property indicator_color1 Red //RBCI2 wave
#property indicator_color2 Red //RBCI2 dots
#property indicator_color3 Blue //Overbought band (2nd band)
#property indicator_color4 Aqua //Oversold band (3rd band)
#property indicator_color5 Crimson //Maximum band (1st band from the top)
#property indicator_color6 Gold //Minimum band (4th band)
This is the 1st time that I program so please double check to see if it works or not. Just flip through all charts 1m, 5m, 15m, etc....
I don't know how to program to alert by e-mail. Do you need it?
Sorry I did not check it.
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