i think stochastic diffrent pair indicator its pwoerfull idea mladen
its can be macd diffrent pair accept value or setting of (5-13-1)
The same idea of the previous indicator (stochastic diffrent pair)
As a mean to see basic correlation I think too that it can be useful.
Here is a MACD version of different pairs indicator. I did not have time enough to test and to check, but it seems that on some highly correlated pairs it is working OK. Added labels that are there simply in order to help us know which Macd corresponds to which symbol
Mladen the indicator can not identify the pairs below usd (usdjpy-usdchf-usd-cad)
It is working (those are real values of macd for those pair) but one value is much bigger (the USDJPY) than the other and that is why you are getting that kind of a comparison
It is the nature of macd. To remind : macd is a difference of 2 EMAs (exponential moving averages) Symbols like USDJPY, GBPJPY, EURJPY are 2 digit symbols and, by nature. they are having much bigger values of MACD than 4 digit symbols. MACD is not a bounded indicator (like stochastic or rsi, for example) and that is why it happens
Updated version : macd_different_pairs_2_nmc.mq4
it is working (those are real values of macd for those pair) but one value is much bigger (the usdjpy) than the other and that is why you are getting that kind of a comparison
it is the nature of macd. To remind : Macd is a difference of 2 emas (exponential moving averages) symbols like usdjpy, gbpjpy, eurjpy are 2 digit symbols and, by nature. They are having much bigger values of macd than 4 digit symbols. Macd is not a bounded indicator (like stochastic or rsi, for example) and that is why it happens
whats about rsx diffrent pair its can be done
and its value its become equal
Avoid using the rsx you posted (it is repainting and is going to accumulate calculation error with each tick that comes for a bar) There are quite a few correctly coded rsx indicators in this thread.
avoid using the rsx you posted (it is repainting and is going to accumulate calculation error with each tick that comes for a bar) there are quite a few correctly coded rsx indicators in this thread.
its great indicator from great programer i have some idea to used it i do not know about the indicator which i posted it was repainting thanks for your adviced
thank you very much mladen
Rsx was originally made by Mark Jurik. Here is a link (without any promotion intention) with some more info about rsx and how it can be used : RSX
step stochastic arrows mod
I did create a little mod of the step stochastic to shows arrows instead of lines.
But ... the version I sued is not the one you posted but the one from this post : https://www.mql5.com/en/forum/general . The reason is described in that post, but you can make a quick test that will show you some things : the one you posted, by default, is calculating 500 bars. Change the bars calculated to let say 5000 and watch the chart. That is what I was talking about among other things in that post
Anyway, here you have the one that draws vertical lines at bars where crosses happened. You can control the visibility, the color, the style and the width of the lines, so I hope it covers all the needs regarding lines and crosses