Since STLM is a digital filter with all known coefficients it can not be made the way you are asking
Hey mladen, Good day. Please can you help me add an Arrow alert to this price action indicator of mine. the arrows to signal any time the price difference closes above and below the zero line of each represented pair on chart. it an MTF correlation slope indicator. been my most reliable indicator but i need an upgrade on it. Thanks
I use the higher time frame of the indicator in lower time frame charts. Normally set the indicator time frame to 1hr or 4hr when i trade with it. that way, it filters more accurately. I trade on 15min to 30mins chart with the indiicator TF on 1hr or 4hrs.
It does not matter what time frame is used: there are 8 possible values that each can cross with each other. That makes it possible 32 types of cross/alerts. As I told : it is a lesser problem (and that one is bearable) for alerts, but when you can have 7 arrows on the same bar, that would [produce a mess on chart
I do understand now, but i can bear the mess on my chart as long as the arrows are pointing in the direction of the market. i have had this indicator on my chart for more than a year now, and the values are very accurate i can tell. Please just get me an alert on it, i will manage the out come.
I am not questioning the accuracy of the indicator
What I am trying to point out is the following (and after reviewing the code I see that there are 9 values not 8, which make a possible 8 arrows on the same bar) : since there are 9 possible values and 8+7+6+5+4+3+2+1 crosses on a same bar, in cases when all the 9 values are displayed on the chart, the arrows on chart could be a complete mess. I guess that you are using only 2 values at a time, but the fact is that there are 9 values displayed by that indicator and that the number of possible cross arrow combinations remains the problem
Ok, but if you can be able to Incorporate the alert signal on it, use single tiny dots instead of an arrow. That way, it would reduce the mess on the bar. I really need this alert because i day trade 15 pairs. The possibilities to maintain accurate concentration becomes harder than the trade itself. Attached is a copy of an indicator from the same author. I was able to get someone add an arrow alert on it.
Its very reliable and never changes values. I use the attached setting on lower time frame. unlike most MTF indicator would use the value of 1hr candle to signal an alert, that way it repaint until the close of 1hr candle bar. But this software would trade lower time frame on this setting with the values of current chart attached. Please back-test to confirm.
Thanks for your time,
Dear Mladen and Mrtools Sir,
Will you please make Macd indicator which will show history only of given No. of bars like SSA?
Macd calculates only last 2-3 bars on a new tick. There is no need whatsoever to have a limited bars for it