Instantaneous Trend Line indicator
Can someone explain how to use the Instantaneous Trend Line indicator? I got the MT4 code from the following site and created the indicator within MT4 platform but not sure how to use it to find enter/exit signals.
I am trying something similar to this in the m5 charts and it does work. I have custom setting that are from OANFX who was on FF but got booted. it uses this COG or whatever this indicator is called with custom settings, and psychological levels of whole/half numbers so if it's above the COG center line and COG is pointed down and breaks a whole/half number, go short and get out at the next whole/half number. stop at the last whole/half number. rues are opposite for sell. a few people are doing well. whole/half numbers work pretty good if you use them like this with custom COG settings
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I've developed MTF MAMA with Signals, Alerts & Warnings.
It's correct version of this indicator. All previous versions have bugs including Godzilla's version.
Thanks a lot .. it looks good
What are those dots in the picture?
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Is this indicator written for MT ??
The Instantaneous Trendline - February 2002
This is version of Instantaneous Trendline with elliptic filter and externally calculated Dominant Cycle period.
These dots are Buy/Sell signals formed by cross of MAMA and FAMA.
Please try AllAverages_v2.2 with MA_Method = 12.
I just checked the code of AllAverages for MA_Method = 12. I think in this one
dominant cycle is removed by modelling filter characteristic based on EMA, so cycle period is not calculated at all there.
That one to which i refer has a dominant cycle calculated like older instantenous trendlines suggested by Ehler, I just wanted to compare which type will perform better. For example MAMA has dominant cycle calculated by Hilbert transform. Did you make a comparision like this ??
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