mladen or Doc, can you please post the CFB indicator.
Cheers and thanks,
i suppose you're talking about this : CFB
Sorry i don't have it
Yep, that's the one.
The statement that it's more precise than ADX makes me curious, as I use ADX to measure trend strength.
I've searched the forum, found CFB but read that it's not an indicator by itself, but rather code for use in other indicators. Confused now. Perhaps mladen can shed a light on this.
As of the one that is floating around : it is just a basic function used by the CFB (the so called "cfbAux"), and, the way it was made, it even has an error in calculation (two values are totally confused in it). Apart from that error, the logic of CFB is completely missing from that indicator so it is (in the way it is available) pretty much useless. My guess is that no one made it for metatrader because of the buffers problems : depending on the depth or levels, this indicator uses well over 100 buffers for calculations (it is not even a fixed number - depends on depths).
Thanks mladen, looks interesting. Might consider that "uber elite" membership after all...
So, in short, should I use/read this indicator as I would read the ADX Line?
I.e. as an indicator showing "trend strength" or am I cutting the power of CFB short here?
EMA cross support/resistance
I'm new to this beautiful elite section.
I need your help to create a very simple indicator.
When fast EMA(eg.20) crosses over slow EMA(eg.50) I need to draw an horizontal line on the High of the bar.
When fast EMA(eg.20) crosses under slow EMA(eg.50) I need to draw an horizontal line on the low of the bar.
I came fro metastock and it was easy to develop that using valuewhen function,eg. valuewhen(1,cross(fastema,slowema),High).
If someone can do that for multitimeframe usage I will grateful.
I red threads regarding moving average cross but I can't find what I'm looking for.
Sorry for bad english.
nobody can help me?
your work is fantastic as usual.
Last request for you.
Is it possible to have an history of the past crossing lines?
Also I tried to insert this indicator 3 time with different time frame, but only one is plotted.
Really impressed mladen.
many thanks again.