Market mode ...
Searched this thread and did not find it, so here it is ...
This is John Ehlers' market mode indicator which he is mentioning in the April 2012 issue of TASC (originally he described it in 2010) ... It is a straight forward indicator as far as usage is concerned, and one can control the width of the "neutral" zone with fraction parameter.
Band Pass filter ...
In that same article John Ehlers reminds us of his Band Pass filter. Again I failed to find it in this thread so here is one that is coded exactly as John Ehlers describes it in the April 2012 issue of TASC. At this thread there is a document that might additionally help understanding the band pass filter (this document : https://c.mql5.com/forextsd/forum/60/ehlers_bandpass.doc )
PS: in the original, band pass period used is 20. I decided to use default 50 (I like it a bit better that way). Test it with length 20 to in order to see what was the original idea of values for this indicator
Band pass indicator
Mladen, thanks for the Band pass indicator.
We need an appropriate signal line with alert, or, changing colours in the indicator. Adding SMA as signal line is making it ineffective.
Band pass 2 ...
Try this one (it is changing colors on slope and zero line cross, maybe it is what you had in mind)
Thanks for Band pass 2
Thank you for Band pass 2 indicator.
did you also look at the 3rd indicator in the same article where he combine the band pass and the market mode into 1?
thanks for the band pass and the market mode.
I think that the response for that question you can find in the first post at this page (this post : https://www.mql5.com/en/forum/174980/page28 )
I like "mislenno s_wami" indicators....
Actually not every indicator is suitable to be made as swami chart, but John Ehlers does not mention that in his talking about swami charts (unbounded indicators for example, can have just 2 colors and in that case you are not going to get those "nice and smooth" colors).
Also, swami charts as they are, with only "coloring zones" are very difficult to trade (no "decisive value" on which one can base any kind of decision) so I decided to make an addition of a "generic" value that is used for that cases (that is the line you see on our versions of swami charts - they are not part of the original swami charts, see the official site with description of swami charts : http://www.swamicharts.com/Swami/ , and try to imagine how could one trade the charts based only on colors)
Just wanted to clarify the difference of what is shown on our pictures and what is shown on John Ehlers pictures
Beautiful indicator... great thanks