Elite indicators :) - page 395

William Snyder
9496
William Snyder  
Snowski:
Kind request to modify the attached indicator to view in separate window.

I found the histogram version, but would ideally like it with some indication of how long the body/wicks are...not sure if that's possible.

Thanks in advance.

Cheers, S.

San do not think this is what your after, not sure how to let the wicks or body vary, if not maybe some one can use it anyway its using the adaptive T3 or if you prefer can turn adaption off, think if i remember right Mladen explained about using the step, in the on chart version it is used to keep the heiken a certain distance from price action but using it when in histo version might be useful. In the picture top version is using step = 10, bottom version step = 1.

Updated version posted here : https://www.mql5.com/en/forum/general

stav01
159
stav01  

Request

Dear Mladen,

Please could I ask you to consider my request in post #3934?

Regards.

Mladen Rakic
151212
Mladen Rakic  

Here is this one

It is a non lag zig zag based indicator (it needs the non lag indicator attached at this post too to work properly). But be careful since it is going to be rather heavy on your PC (more or less it is not what we can make when a multiple number of indicators are concerned, but what our metatrader can take : this indicator, when using default settings, is loading 63 instances of non lag zig zag and that can be a burden for metatrader. Same would be (even worse) if one would use zig zag or 3 level zizg zag since zig zag always calculates all the bars - imagine 63 indicators (or 189 in case of 3 level zig zag) calculating all the bars on a new tick)


PS: in this indicator if the current peak is up, then it assumes that the trend is down and opposite. See the example picture above with the current state of non lag zig zag and how it shows on dashboard

regards

Mladen

stav01:
Dear Mladen,

Please could I ask you to consider my request in post #3934?

Regards.

Updated version posted here : https://www.mql5.com/en/forum/general

traderduke
531
traderduke  

Mladen

Thank you for the MTF, if I could indulge one more item "could you put the trend in the new indicator" for the EA to read?

Thanks again

Ray

mladen:
Ray

Here you go

Did not alter that indicator in any way. In fact this is a separate indicator that needs that indicator from your post to work (it is calling the "RK-PrCh_Signal-1" indicator from your post in order to get the calculated values). ShowSignalOnlyOnLastBaroption is added in order to allow signals showing only on last bar belonging to target time frame bar (the assumption is that the signal was valid on close of the target bar (so at the last bar of the target time frame bar)) or it should be repeated on all the bars that belong to target bar.

regards

Mladen
Mladen Rakic
151212
Mladen Rakic  

Ray

You already have a "trend" buffer in the original RK-PrCh_Signal-1 indicator. You do not need to call a mtf version to access trend buffer from an EA. All you have to do is to call the original indicator with desired time frame and with 6 in the place of buffer number

regards

Mladen

traderduke:
Mladen

Thank you for the MTF, if I could indulge one more item "could you put the trend in the new indicator" for the EA to read?

Thanks again

Ray
SIMBA
2078
SIMBA  
mladen:
Here is this one

It is a non lag zig zag based indicator (it needs the non lag indicator attached at this post too to work properly). But be careful since it is going to be rather heavy on your PC (more or less it is not what we can make when a multiple number of indicators are concerned, but what our metatrader can take : this indicator, when using default settings, is loading 63 instances of non lag zig zag and that can be a burden for metatrader. Same would be (even worse) if one would use zig zag or 3 level zizg zag since zig zag always calculates all the bars - imagine 63 indicators (or 189 in case of 3 level zig zag) calculating all the bars on a new tick)


PS: in this indicator if the current peak is up, then it assumes that the trend is down and opposite. See the example picture above with the current state of non lag zig zag and how it shows on dashboard

regards

Mladen

Mladen,

"if the current peak is up, then it assumes that the trend is down and opposite"...May I suggest an alternative?I would like to suggest that,probably,higher highs and higher lows,vs Lower highs and lower lows,may lead to interesting comparisons,in order to do so,I believe that using "if the current peak is up+lower than previous zz high...then the trend is down,and viceversa",may lead to better results.

Mladen Rakic
151212
Mladen Rakic  

Simba

In that case all the needs to be done is to change (invert) the colors for up and down (from the parameters). That way it can work either way without over complicating the list of parameters with some additional options. What I wanted to do is to make clear how the indicator works in order to avoid any confusion, coloring is regulated through parameters so, it is actually up to a user how does she/he want it to be

regards

Mladen

SIMBA:
Mladen, "if the current peak is up, then it assumes that the trend is down and opposite"...May I suggest an alternative?I would like to suggest that,probably,higher highs and higher lows,vs Lower highs and lower lows,may lead to interesting comparisons,in order to do so,I believe that using "if the current peak is up+lower than previous zz high...then the trend is down,and viceversa",may lead to better results.
stav01
159
stav01  

Request

Hi Mladen,

Thanks for the dashboard.

I think I know what Simba is asking for and I was going to make a similar request. If the non-lag zigzag makes a higher high and higher low (4 separate points) the dashboard should show an uptrend for that timeframe; if it makes a lower low and lower high it should show a downtrend. If it makes, for example, a higher low and and a lower high it should show no trend. So, in the example chart that you posted the dashboard colour is indeed correct, as it has lower highs and lows, but I think our logic is slightly different.

With regards to the processing time, would it be possibel to have the option to only display for the current pair?

Regards.

Mladen Rakic
151212
Mladen Rakic  

stav01

The non lag ziz zag does not have the info that we had we regular price bars (it is a "single value" indicator unlike the price bar for which we can get 4 different values regarding price alone + volume + time), hence we can not do the same comparison stuff we did on price bars in the original version of high low dashboard (even that single value is a "discontinued" value since only peaks actually have values while the rest of the line is drawn by metatrader in that indicator - it can easily be checked even in the data window where it will not show ant values for a line between the peaks)

As of current pair : made a change of the indicator. If "Symbols" parameter is empty, then the indicator is going to use current symbol (so it will work the way you need it - that is the case of the example picture above - it has empty symbols field and the current time frame non lag zig zag attached to it separately)

regards

Mladen

stav01:
Hi Mladen,

Thanks for the dashboard.

I think I know what Simba is asking for and I was going to make a similar request. If the non-lag zigzag makes a higher high and higher low (4 separate points) the dashboard should show an uptrend for that timeframe; if it makes a lower low and lower high it should show a downtrend. If it makes, for example, a higher low and and a lower high it should show no trend. So, in the example chart that you posted the dashboard colour is indeed correct, as it has lower highs and lows, but I think our logic is slightly different.

With regards to the processing time, would it be possibel to have the option to only display for the current pair?

Regards.

Updated version posted here : https://www.mql5.com/en/forum/general

stav01
159
stav01  

Thank you

mladen:
stav01

The non lag ziz zag does not have the info that we had we regular price bars (it is a "single value" indicator unlike the price bar for which we can get 4 different values regarding price alone + volume + time), hence we can not do the same comparison stuff we did on price bars in the original version of high low dashboard (even that single value is a "discontinued" value since only peaks actually have values while the rest of the line is drawn by metatrader in that indicator - it can easily be checked even in the data window where it will not show ant values for a line between the peaks)

As of current pair : made a change of the indicator. If "Symbols" parameter is empty, then the indicator is going to use current symbol (so it will work the way you need it - that is the case of the example picture above - it has empty symbols field and the current time frame non lag zig zag attached to it separately)

regards

Mladen

Thank you for your work and your explanations.