Elite indicators :) - page 188

[Jimmy]

Heiken Ashi Zone Trade

Hi,

I was wondering if anyone had a MTF Heiken Ashi Zone Trade that displays on separate window instead of the main chart with alerts. If not, could some program one.

thanks,

jim

[Mladen Rakic]

Jim

In metatrader 4 bars can not be made normally in separate window.

So made these 2. First one is a bit modified Heiken ashi zone trade (changed default color settings among other things, since there are actually 4 states that the indicator is monitoring - now every of those 4 states has its own color (there are 2 neutral colors - dark gray (which usually happens when the main trend is up) and silver (which usually happens when the main trend is down) - the "usually" is from visual inspection) with alerts added (no mtf - frankly I simply do not like how bars look in multi time frame representation) and a histo version that shows exactly color changes (trend changes) that are shown in a regular indicator (this one is made a mtf - no "aesthetic obstacles" in this one ) and it also has alerts

PS: kept the name for histo version even though it has nothing to do with Heiken ashi. Color changes in both versions actually have nothing to do with Heiken ashi at all, but depend exclusively on Awesome oscillator and Accelerator/Decelerator oscillator

regards

Mladen

[Jimmy]

thanx a lot mladen...................jim

[mikepearce]

Mladen,

Nonlagma nrp is repainting on the 15mn chart set to 60mn

can you take a look at it ..

thank you

[Sergey Golubev]

mike pearce:
Mladen,

Nonlagma nrp is repainting on the 15mn chart set to 60mn

can you take a look at it ..

thank you

It is not repainting.

It is continuing painting H1 bar on M15 timeframe.

4 M15 bars = 1 H1 bar.

To see when it will finish painting so it may be good to use custom candle indicator.

[Mladen Rakic]

Mike

What do you consider a repainting in mtf indicator?

Mtf indicator must draw all the bars of a target time frame that belongs to it. In a case of 15 minute chart it means that in some cases it has to change up to 4 bars color (since those bars belong to 1 hour bar that is calculated)

___________________________________

PS: tested it in run time now too (just in case, even though it can be seen from the code will it repaint or not) and it works as a mtf should - so all is OK

___________________________________

PPS: the fastest test to see if a multi color line indicator repaints is quite simple : set the period (or length) to some small value and see if then it conforms to rules. So, it must not have cases like this :

since it has to be like this :

regards

Mladen

mike pearce:
Mladen,

Nonlagma nrp is repainting on the 15mn chart set to 60mn

can you take a look at it ..

thank you

[Sergey Golubev]

It is CustomCandle indicator (attached).

We can see it as an example - it is semi-manual BrainTrading system from this elite section - H1 candles on M15 timeframe:

[Sergey Golubev]

And it is channel trading system: M30 candles on M5 timeframe using CustomCandle indicator

[mikepearce]

thank you for the explanation Mladen and newdigital

it completly make sense now..

thanks again for your time.

[Mladen Rakic]

newtrader100

Here is the "first step".

What this indicators does :

it finds out the trends from a desired time frames (assignable through TimeFrames parameter), multiplies each time frame trend with its weight (assignable though TimeFramesWeightsparameter) and adds them up to get an "over all" trend. Here is an example of 9 time frames NonLagMA trend :

What it (still) does not do :

It does not alert. The problem is that in one moment more than 1 time frames trend can change and then it can change way back the overall trend (just imagine : one month trend changes and changes "trend score" back 1 month (since all have to be changed). Will try to solve this (to be able to uniquely identify when an alert should be triggered, but so far no idea how to solve this "back changing" issue when alerts are concerned) i can alert when alertsLevelis reached, but then you can get alerts on every new bar and not just the first time the desire level is reached

Try it in run time and you will see what am I talking about. But I think that even like this it can be a useful indicator

PS: indicator requires to be attached to at least the smallest time frame chosen from time frames parameter (that is the only way how "historical trends" can be calculated accurately)

________________________________

PPS: added a version that alerts once per direction (so if it reaches up, it will alert and until down is not reached it will not alert up any more and vice versa)

regards

mladen

newtrader100:
Good stuff mladen. Thanks.

Would an alert on current timeframe (say 15m) only when two or more other timeframes (say 30m,1h, and 4h) are also trending - sloping - in same direction be doable?

...it would filter and cut down on weaker signals coming from basically any of the great indicators you most recently provided.

Regards.

PS: nonlagma nrp's below;