Elite indicators :) - page 149

san4x
324
san4x  

Wilder's DMI Book

Hi mladen,

I have tried to write an indicator that would place arrows on the main chart window for the Wilder's DMI Book, but failed miserably.

Can you perhaps write such indicator?

Green arrow: DI+ > DI- and ADX > 20

Red arrow: DI- > DI+ and ADX > 20

If you want, I can post my attempt...

Cheers, San.

Files:
stav01
159
stav01  

MTF HiLow Channel

Has anyone else been playing with Mladen's great MTF HiLow Channel indicator? Look what happens with current timeframe (5m) plus a 1H one on the same chart. Interesting.

Files:
hilow.gif 29 kb
homestudy
196
homestudy  

He does good stuff

stav01:
Has anyone else been playing with Mladen's great MTF HiLow Channel indicator? Look what happens with current timeframe (5m) plus a 1H one on the same chart. Interesting.

He does great work doesn't he! Use S/R with that and I think it would be a solid system

Mladen Rakic
151105
Mladen Rakic  

...

"Use S/R with that and I think it would be a solid system" Somehow it happened that I was reading about something similar

______________________________

A variation of support and resistance (made as oscillator)

This one is made after the "Automated Support And Resistance" by Mel Widner article published a long time ago in TASC just I did not find it as it is described in the article.
The description and the usage in the attached article

A nice weekend to all (I hope no one depends on NFP data)

regards

mladen

drhouse7
706
drhouse7  
mladen:
"Use S/R with that and I think it would be a solid system" Somehow it happened that I was reading about something similar

______________________________

A variation of support and resistance (made as oscillator)

This one is made after the "Automated Support And Resistance" by Mel Widner article published a long time ago in TASC just I did not find it as it is described in the article.
The description and the usage in the attached article

A nice weekend to all (I hope no one depends on NFP data)

regards

mladen

cool man !!!

Thanks for this

Doc

MikhaelPankov
60
MikhaelPankov  

Thanks, Mladen !

Amazing tool, Mladen ! Thanks a lot !

Mikhael.

altoronto
318
altoronto  

Wow great tool Mladen, and have a question about it, in pdf. it says go for long position when wro>95, on 1h chart (n=9) rarely goes to 95, so I add 50 level line and looks good to go for long trade when wro>50. What do you think guys?

Mladen Rakic
151105
Mladen Rakic  

...

altoronto, you are right : it will go over 95 only when it reaches 100

But also I think you are on to something - the way you are proposing might be a good way to use it Men, it takes all of you so short a time to "dissect" indicators and to find new ways of using them that it is scary sometimes :):).

regards

mladen

altoronto:
Wow great tool Mladen, and have a question about it, in pdf. it says go for long position when wro>95, on 1h chart (n=9) rarely goes to 95, so I add 50 level line and looks good to go for long trade when wro>50. What do you think guys?
altoronto
318
altoronto  

:) In my case is much easier to disect indicator then to make money in forex as I said before thank you for this.

Mladen Rakic
151105
Mladen Rakic  

From May 2010 issue of Futures magazine : "Fixing the Bollinger Bands" by David Rooke

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One of the preferred "sports" people are occupied with : how to enhance the Bollinger bands. This is one way David Rooke proposes that it should be done in order to to make it better. Basically a zero lag TEMA is used to calculate bands. Two "flavors" : the on chart bands and the relative position within the bands (sub-window type)
PS: one additional parameter is supplied which needs explanation - in the original article the way how deviations are calculated (from the pseudo code supplied) are rather odd, but if we apply the "classical" way of calculating deviations, the values of the bands tend to be "spiky" (as on the picture) and they do not look at all as on the examples in the article, but I decided that we should have it as an option (just in case )