Elite indicators :) - page 1419

Mladen Rakic
151721
Mladen Rakic  
redwed:
Thanks for this. To accompany this, can you made dmi oscillators, along with colored bars?

I am afraid I do not understand. It is an oscillator already

Would you mind explaining a bit more?

Muhammad Naim
527
Muhammad Naim  
mladen:

I am afraid I do not understand. It is an oscillator already

Would you mind explaining a bit more?

I get this pdf from google. Dmi stochastic is dmi MADE to be stochastic form. While dmi oscillator is just the same as we have in typical adx. This pdf will explains it clearly.
Files:
Mladen Rakic
151721
Mladen Rakic  
redwed:
I get this pdf from google. Dmi stochastic is dmi MADE to be stochastic form. While dmi oscillator is just the same as we have in typical adx. This pdf will explains it clearly.

I can not put it in the same window (different range of values)

Will make a separate version that will be just the oscillator

Muhammad Naim
527
Muhammad Naim  
mladen:

I can not put it in the same window (different range of values)

Will make a separate version that will be just the oscillator

Can you please made the dmi oscillator to paint on bars too? Just like in the pdf? Thanks in advance. 
Chrisstoff
524
Chrisstoff  
mladen:

Here is a multi time frame version with alerts


Mladen,

Could you please add divergency trendlines and alerts on divergencies to DMI stochastic extreme 1.1.mq4 indicator?

Mladen Rakic
151721
Mladen Rakic  
redwed:
Can you please made the dmi oscillator to paint on bars too? Just like in the pdf? Thanks in advance. 

Here is the oscillator version


PS: still left the 4 types of smoothing method. To remind : original ADX (DMI) is calculated using SMMA (which is sometimes called "running MA" and is equal in values to what is called "Wilders EMA" which is used in original DMI), but I left the option to experiment with the other types of averages too


Files:
Mladen Rakic
151721
Mladen Rakic  
mladen:

Here is the oscillator version


PS: still left the 4 types of smoothing method. To remind : original ADX (DMI) is calculated using SMMA (which is sometimes called "running MA" and is equal in values to what is called "Wilders EMA" which is used in original DMI), but I left the option to experiment with the other types of averages too


Also this version :

This version has an option to smooth the results of the oscillator and it has 3 choices of color chage :

  • on levels cross
  • on zero cross
  • and on slope change

alerts are triggered according to color change choice



Files:
Muhammad Naim
527
Muhammad Naim  
I tried putting both of the indicators to my charts, and pull in some settings.

Make sure that both dmi use the same dmi length. In my case, i started with 14.

Here is simple explanation on how to use them.

dmi oscillator, dmi stochastic extreme

A. DMI stochastic extreme (stoch) is going lower from 90 region. Look for sell. DMI oscillator (osc) shows downtrend - great place to sell.

B. Stoch going up, but osc still red. Wait. 

C. Sell signal from stoch, but osc not yet turned red. (Remember, we wait osc turned red/green first).

D and E. These are called 'hook' by some people and if im not mistaken by the stochastic creator itself - George Lane. Look like hook, we can definitely re-enter while osc still green. 

F. While the pair is trending, we'll see this situations more frequently. Stoch will never go below to 10. This is how it's should be. Signal of reentry always there if you look at D and E.

Muhammad Naim
527
Muhammad Naim  

There will be questions asking for template, here it is:

Muhammad Naim
527
Muhammad Naim  
mladen:

Also this version :

This version has an option to smooth the results of the oscillator and it has 3 choices of color chage :

  • on levels cross
  • on zero cross
  • and on slope change

alerts are triggered according to color change choice



Thank you for this! There's many potential in this indicator i believe.