maybe I'm in the right place here. Can somebody please add MAMethod and Price to the Parameter settings and also make it MTF?
Here is a version with method and price types added : ma_level_v1.01.mq4
Thank you mLaden. I hope you don't mind, but could you please also make it MTF?
need your help to modify the attached indicator to draw obj_trend on the main price window at the macd two emas when they have the same value on 15m and 4h timeframes. Please add an extern variable to control the number of lines for each timeframe.
obj_trend is a trendline
What should that trendline show (since trendline does not have to be horizontal)
PS: cases when macd values from two time frames are going to be exactly the same are exception, not a rule. On average you are probably going to have 1 or 2 case on a 10.000 bars when that happens. That is due to the double precision calculation : even if it looks like it is the same to you, it is just because the line is drawn using pixels (it is rounded to some screen resolution), not because the values are actually the same
sorry for not explaining my request clearly enough. i want the indicator to show a number of horizontal lines when the macd 2emas equals each other(not after they crossover) on 15m timefame and another horizontal lines of the same on 4h timeframe. that number of horizontal lines is to be determined by an external variable. i am sorry again for my bad english as i am not native english
Squeezed ema indicator (some were wondering what kind of the indicator it is - here it is) : squeezed_ema.ex4
PS: period used on the example is 50
The "separate" version too (so that it can be compared to similar ones - in my opinion the on chart version is more useful, but now anybody can decide the preferred one) : squeezed_ema_separate.ex4
Is it possible to add average option (sma,ema,lwma,smma) in this indicator
Thanks for any help
The way it is calculated sma and lwma are not applicable
Here is the smma version though : squeezed_smma.ex4
Thank you very much Mladen for info and the smma version
Have a nice weekend