An experiment ...
This is a result of an experiment.
The starting point for making it is was something I have been considering as illogical for some time : why do the bands in Bollinger bands or Keltner channel, or any xxx bands have to be symmetrical to the central value? It simply does not seem logical (at least to me it doesn't ).
In time of trends we can not expect "the opposite" band to be reached the same way as the "trend side band". Placing those symmetrically simple negates trends. I know that a lot of people will tell that there is no such thing as "trend" but if we keep the definition within "a prevailing movement in one direction" than we have it.
So this one does : if there is a movement in one direction, the "opposite" band is narrowing. If the price movement is random-ing, bands tend to be symmetrical
I found this indicator which plots lines of support and resistance for different time frames and liked to share it with you
I did a quick search on the net and found this, the name is the same however you will need to check it out to see if it is the same indicator as your ex4 file.
thank you very much
i will check it
Thanks Mladen, nice bands.
Thank Mladen for the indi i am still working on how to use it properly..
by the mean time i like to know if you can add arrow to this indi..
red arrow appear on chart when color change from green to red
or green arrow when change from red to green
First this one (in the one that you posted there were some problems in the multi time frame mode and it was not a non-repainting version (colors could repaint in some cases)) So those things are correct in this one and it is using allAverages v 2.5 (that is the one I have on my PC, hence I changed it from version 2.3a that is used in your version)
I have download the Schaff Trend Cycle+ All Averages and AllAverages_V2.5
Only AllAverages V2.5 is showing on the chart
SchaffTrendCycle is showing a blank windows..
How can i fix the probleme..
And the answer is yes i like to have arrow when schaff Trend change color..
Thanks for your help.
The allAverages must be saved with exactly the same name it was posted. There are two lines of code in the indicator (these :
Low-pass filter convergence/divergence indicator
This is my first indicator for MT4. I do not consider myself a programmer, but I have taken courses in data-structures, C and Java. I am a mathematics grad student, so most of my programming experience is in Matlab for numerical methods.
I don't fully understand MT4's platform yet, so any comments on how to improve would be appreciated. I understand that the number of my variables could have been reduced, but this code was an exercise for me. I will be attempting more indicators in the future.
Thank you to igorad for the Low-Pass filter code. Its more or less a spin-off of their code.
I understand that the Low-Pass filter is like an averaging process, so this indicator is similar to a MACD.
Basically, my friend and I noticed that two Low-Pass filters were giving good signals when you tweak the PctFilter parameter. This being so, I made a Convergence/Divergence indicator to pin-point these crossings.
NOTE: I forgot to add the credits for Igorad to the file itself. I apologize for this. Please add credit to Igorad if you use this indicator for anything.
Did a mod of Mladens zerolag Macd changed the ma with NL Kaufman also changed the Macd dot to AllMacd dot its using All Averages 2.5 (posted a few posts back) .