Elite indicators :) - page 121

drhouse7
706
drhouse7  

now the link above works correctly

Best regards

Doc

Mladen Rakic
151107
Mladen Rakic  

Valeo,

You should discard it.

In any case made one that is coded properly. The problem with the version 2 is the "classical" problem (the same one that was made in "Solar wind" for example) : calculations are done from "right to left" and values that are supposed to be previous values are in fact future values that way. It is a usual error when people get caught in the i+1 or i-1 trap

As you will see, now it conforms to every condition and gives the crosses timely, but you will also see that it is almost always a cross of 2 emas (so MACD at the end)
regards

mladen

ValeoFX:
Hi Mladen,

I was recently asked to evaluate the "Sidus" indicator which is nothing else than a cross-over of 2 EMAs, but adding a RSi to it.

First thing I noticed was that it does not update and when it does, it is usually in a haphazard way. With my limited knowledge, I looked at the code and discovered that Lines 117 and 124 were identical and thought that Line 117 should be changed to +5 in stead of -5 as in Line 124.

Would you please be kind enough to look at the code and see if you can find anything "strange" in the code and also comment on Line 117 change I made.

Finally, could you possibly get it to update in real-time as I would like to spend a little extra time in testing this combination before discarding it entirely.

Waiting to hear from you whenever you have some time.
Files:
sidus.gif 31 kb
Hercs
2970
Hercs  
mladen:
Valeo,

You should discard it.

In any case made one that is coded properly. The problem with the version 2 is the "classical" problem (the same one that was made in "Solar wind" for example) : calculations are done from "right to left" and values that are supposed to be previous values are in fact future values that way. It is a usual error when people get caught in the i+1 or i-1 trap

As you will see, now it conforms to every condition and gives the crosses timely, but you will also see that it is almost always a cross of 2 emas (so MACD at the end)
regards mladen

=================

Thank you ever so much Mladen. Much appreciate you! If this is "a MACD by another name", what is there currently to beat the "macd_HL" anyway? Great indicator from a great developer / coder. Because of the trouble you took to redesign it, I will however continue to test it for the rest of the week on the same TF that the macd_HL is running.

Wishing you a great day.

drhouse7
706
drhouse7  

Sorry newdigital,

do you have this indicator on your database, it's called "WEC Volatility", i canot find it

Best regards

Doc

Files:
wec.png 31 kb
Sergey Golubev
Moderator
112855
Sergey Golubev  

I do not have it sorry.

Alex
93
Alex  

Hi,

Mladen can you please make a histogram of the past values of this indicator? I have noticed that it is quite useful. If the buyers and sellers are shown as negative, please make a negative histogram value in that case, as it means that there is a shortage of buyers and sellers. I know that this is not the whole market, but only the section of the market that the broker sees. The indicator calculates the values for every bar separately so it should not be difficult to make a histogram. Thank you.

Files:
drhouse7
706
drhouse7  

Ok thanks anyway newdigital

Anyone else (perhaps Mladen) ? it's really difficult to find it

Best regards

Doc

mike78
86
mike78  

sr_KG_

Can someone please try and extend the lines in this indicator; it is desperate to be updated and i think it is a good indy.

cheers

mike

Mladen Rakic
151107
Mladen Rakic  

Profitrader,

Here you go, but I am not sure what exactly can it be used for. The calculations are done the same way as in Buyers and Sellers indicator. Essentially it is a volume modified ratio of Bulls and Bears indicator.

Added a UseVolumeForCalculationsparameter. When set to true "Buyers and "Sellers" are calculated according to volumes too. If set to false, calculation is done without volumes (note that the ratio itself is the same on both options since the divisor and the dividend are multiplied by yje same volume) Also, because when you place the ratio of those on the same chart as the volume*bulls and volume*bears, ratio is hardly visible added an option where you can choose what do you ant to see : Bull and Bears only, Ratio only or combined .So you have the following 3 possible views (with and without UseVolumeForCalculations ):

regards

mladen

profitrader21:
Hi, Mladen can you please make a histogram of the past values of this indicator? I have noticed that it is quite useful. If the buyers and sellers are shown as negative, please make a negative histogram value in that case, as it means that there is a shortage of buyers and sellers. I know that this is not the whole market, but only the section of the market that the broker sees. The indicator calculates the values for every bar separately so it should not be difficult to make a histogram. Thank you.
Alex
93
Alex  

Hi Mladen,

Thank you very much for your effort. However, this indicator is not quite what I was looking for. The indicator has the option period and when I change the period I get different results. This is not quite right. 'Period' is irrelevant for what I was trying to do. The original indicator I posted calculates the number of buyers and sellers on the brokers platform for the given candle only. Then it resets from the zero for the next candle. All that I am looking for is to see the history of these numbers on a histogram level. The indicator should not have any period option. Also I do not think that the original indicator takes volume into account, it just counts buyers and sellers.

The reason for this enquiry is a paper by MIG Forex I read about 6 months ago. In it, they describe that the retail section of the market predicts tops and bottoms in the forex market with about 90% accuracy. At tops, the majority of retailers buy and at the bottom the majority of retailers sell. If I am able to find this paper on my disk, I will put it here. Obviously, all that the retail market maker has to do is take the opposite position without offloading the risk in the real market (within a given risk limit ofcourse). Thank you very much in advance.