is it script or indicator? or may be some thing wrong with it
It is an indicator
And as you can see it shows with no problems on my terminal. If you you copied the indicator to the correct indicators folder and you have more than 512 files in the indicators folder you will have to delete some indicators (that isthe only casewhen new metatrader 4 will not show some file if it is in a correct folder - it will show it even if it can not compile it - if there are errors in - so even if some code has errors, it shows it grayed out)
Just make sure that you have less indicators in the correct indicators folder and it will show it
mladen i have same indicator "recent Candle.mt4"
i want to back test but these indicators show recent candles only
if cannot drag mouse to make it but can we make one fixed box for 5 candles and drag or place on any 5 candles from back history to see from high time frame to low time frame
thx for helping me
Nice work Mladen
Thank you very much for help
And wich one uses the original J. Welles Wilder's RSI?
Actually none of the two Here is the explanation :
Wilder's smoothing = Previous MA value + (1/n periods * (Close - Previous MA))
that's it. many thanks for the explanation and for the indicator.
I'm sure there must be one somewhere but haven't found it - a simple dashboard that sits in the top right hand corner just showing whether price is above/below a user defined EMA on all time frames.
Then may I ask you which is your preferred one (if any)?
If we are talking about rsi indicators then probably my favorite is a phase accumulation adaptive composite rsi (not because I invented it but because it behaves more logical than most of the rsi variations around and is highly adjustable in a very simple way). It is not a holly grail either, but once you get to learn what does it do, it is more useful then some others (at least that is my opinion)
Also updated this version of hull heiken asji (with alerts and multi time frame) indicator : heiken_ashi_hull_alerts_nmc.mq4
Original was posted here : Multi Timeframe Indicators