Thanks so much for this.
And thank you for the additional information you provided. It answers some of the questions I had about the deviation from the mama, frama indicators. I'm not sure if the "mystery" filter is a detrending or denoising filter or if the dampening effect on price peaks is a function of the original kama, but I quite like it.
Was trying to decipher what is that indicator exactly. MrTools has been on a right track but there is a "deviation" : the one you posted is one variation of Perry Kaufman's AMA (sometimes known as KAMA) with a "mysterious" filter. So the "f" in the name would probably be a "filter"
PPS: if you set the Filter parameter to 0 or less than 0 then you are in fact getting original KAMA
This is the part from the code of Buyers and Sellers indicator (lines 18.19 and 20)
double bearp = (iBearsPower(NULL, 0, 13,PRICE_CLOSE,0));
Any chances to have Bull and Bears (w/histogram) within only one indie?
I have a couple of basic things to teach wit this oldie.
I too think that someones idea about the filter was that (detrending and/or denoising) . Where I do not see some "definite logic" is this part of the filter :
The way it is written, it looks like a curve fitted code done by guessing (that is the closest description I could think about it). The rest is very similar to a repeated calculation of an efficiency ratio on the calculated ama itself, but this part simply looks like it does not belong there. Anyway, the results of it are not bad at all and it looks like a useful addition to the indicator, so ... let us enjoy it
Here it is
The signal line itself is a kama, so this is "all about kama" MACD.
can you look at this silver_trend signal indy, it is not refreshing? And may be add an alert to it as well.
As ever in deep gratitude
Thank you for your reply on the Buyers and Sellers. I did not know it was actually a Bulls and Bears indicator. I thought that the whole count is reset after the end of the candle.
Can you please add a time off-set/ gmt shift to this pivot indicator? Thank you very much in advance.
One More Average MACD
I wanted to thank Mladen for all of his hard work. Your indicators help a lot of people. Thank you very much.
I am a huge fan of your One More Average indicator. Is it possible to do a One More Average MACD? Maybe have the ability to change the period and speed? An example would be a slow line period of 26 and a speed of 1 while having the fast line have a period of 12 with a speed of 7.
I am not sure if this is possible to code. Thank you again for your valuable work.
Done, but in the advanced elite section (since one more average is the part of that thread) Also made a little goodie as an addition
This should do it (the refreshing issue) All it needed is one change the "1" in this line :
As of alerts : I did not make them for one reason : the way it is made, shi silver trend throws a signal up to 10 bars back and it would be way to late to alert in most of the cases
PS: if you are unfamiliar with the way SHI silver trend works, I recommend you to find some additional info on it (to avoid any unnecessary risk)