I'm looking for an indicator that draws support/resistance line in the end of a sell-off - MQL4 and MetaTrader 4

lucmat 2016.01.02 19:13 #10951

mrtools:
These were also requested keltner bands with Jma and a rsx on rsx, the rsx was made by Mladen awhile back to get the rsx times 2 affect you need to set double parameter to true.

this is what Mark Jurik says about them, not saying its true or false best to let you folks decide

2. RSX on RSX

RSX on RSX

The "RSX on RSX" indicator feeds the output of RSX on price to another RSX and plots a blended combination of this and a single RSX. Standard RSX analyzes trend directional strength, but RSX-on-RSX analyzes trend acceleration. This synchronizes RSX with rapid market reversals, typically found in a tight trading range.

3. JMA Keltner Band

JMA Keltner Band

Two popular bands around price action are the Keltner Band and Bollinger Band. Their difference is that Keltner band width is an average of true range and Bollinger is based on standard deviation of true range. This chart shows a Keltner Band and JMA crossing paths.

Bands allow more sophisticated analysis than mere crossover moving averages. Note the absence of either blue or red lines in certain places. Trading logic can be set up to stay out of the market in these regions.

updated jma keltner bands posted here: https://www.mql5.com/en/forum/general

Hi Mrtools,

please may you control the indicators in the post above?

They don't work for me.

Thanks a lot.

Lucmat

William Snyder 2016.01.02 20:06 #10952

lucmat:

Hi Mrtools,

please may you control the indicators in the post above?

They don't work for me.

Thanks a lot.

Lucmat

Lucmat, this rsx on rsx is working for me and the keltner bands jurik think it's the same or close to as the one here: https://www.mql5.com/en/forum/179723/page35

rsx_on_rsx.mq4

Files:

rsx_on_rsx.mq4 6 kb

jurik_stuff.png 60 kb

Frank 2016.01.02 23:17 #10953

Hey,

first @all: Many thanks for all the interessting stuff here and the perfect knowlegte of our admins here.

I am looking for an indicator that draw a support/resistance line in the end of an sell off / buy up.

Is there anything like this out there, or is it possible?

Many thanks

Frank

Files:

selloff_line.png 178 kb

Indicator for sell off high low pip count MQL4 Learning

engula 2016.01.03 00:43 #10954

mrtools:
Engula, no it was version 3.01, the version Demo6 posted that I did the mod on.

mrtools, ok but is 4_1 an enhancement of 3.01?

William Snyder 2016.01.03 02:38 #10955

engula:
mrtools, ok but is 4_1 an enhancement of 3.01?

Not sure, would imagine it is, but don't have the source code.

Derek B. Caceres 2016.01.03 10:13 #10956

mrtools:

Derek10911, added the ob/os alerts and arrows and made the ob/os levels adjustable.

rsi_smoothed_nrp_arrows__alerts.mq4

thank you so much mr tools looks great

lucmat 2016.01.03 10:24 #10957

mrtools:

Lucmat, this rsx on rsx is working for me and the keltner bands jurik think it's the same or close to as the one here: https://www.mql5.com/en/forum/179723/page35

rsx_on_rsx.mq4

Thanks Mrtools,

a question about a post of mine (https://www.mql5.com/en/forum/179806/page12 krelian gave me an exhaustive reply, do you think the same, that is not a good idea to build a DSS or other indicators of price as modified in Value chart?

If price as modified in value charts permits to build a set of moving averages different from moving averages of simple price, why don't try to do the same for DSS?

Thanks

Lucmat

Helweg/Stendahl value charts ... Difference between two currencies Bressert Double Stochastic