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dear sir, mladen
can u make this indicator - end point
Almost any indicator can be used to estimate the secondary trend for example -
Market Condition Evaluation based on standard indicators in Metatrader 5
Sergey Golubev, 2013.01.02 15:33
Just back to this post with 3 Stoch MaFibo system/setup.1. Trend following1.1. Primary trendUptrend (bullish):
Sergey Golubev, 2013.01.02 15:58
So, concerning trend following way -
uptrend if - signal line (dotted line) is below main line &&- both lines are growing&&- both lines are above level 50&& is and in mql5 programming language (read more here) :)
- signal line (dotted line) is above main line &&- both lines are falling&&- both lines are below level 50
Why level 50? No idea. It may be any level but 50 is usually used for that.Example - if you ask the coder to program EA for you telling him that "the signal is filtering by stochastics indicator" so the coder will use trend following way of fintering with the level 50.
Sergey Golubev, 2013.01.02 16:10
1.2. Secondary trend.
Some people may ask:"that is fine but what ... if signal line (dotted line) is above main line and both lines are fall but both lines are above level 50?"
Good question.It is secondary trend.
There are many kinds of secondary trend but we will discuss Correction and Bear Market Rally.
This is Correction:
Correction is the following: it is still uptrend (all lines are above 50) but all the lines are moved on downtrend way. We will have downtrend when those lines will cross level 50 from above.This is correction.
And this is Bear Market Rally:
Sergey Golubev, 2013.01.02 16:31
People are calling Correction and Bear Market Rally using just one word for both: correction.Programmers are having different name for it: counter trend.So, if someone is telling: "I have counter trend EA based on stochastic indicator" - we know what he is talking about.
There are some more kinds of secondary trend: non-trading, ranging and more.But we will discuss it when we will make some explanation about divergence.By the way, what is the most great indicator to estimate primary and secondary trend?This is standard indicator in MT5:MACD
Some people suggested to me to write some article about. But I am not ready yet. Besides, what I am explaining here is my practical knowlegde.may be, later - I will write something.More to follow.
the other example -
Gold is Reaching at 1270
Sergey Golubev, 2013.07.01 21:04
How can we know: correction, or bullish etc (in case of using indicator for example)?
well ... let's take AbsoluteStrength indicator from MT5 CodeBase.
bullish (Bull market) :
bearish (Bear market) :
ranging (choppy market - means: buy and sell on the same time) :
flat (sideways market - means: no buy and no sell) :
correction in a bear market (Bear Market Rally) :
Sergey Golubev, 2013.07.01 21:43
And this is whole the story about -
Sergey Golubev, 2018.01.06 09:19
And in case of MT4 -
It doesnot repaint.
Does anyone know where I can find an indicator that takes in price values, which when reached or surpassed will cause the indicator to send a sound alert?
thank you for the links I will try to study it...
Many thanks for the explanation and assurance about the "alerts" and "yes" I should have written "rsx new" (apologies)
Thank you for the latest attachment; much appreciated.