Elite indicators :) - page 426

brax64
158
brax64  

never mind, find the solution....

bebeshel
519
bebeshel  

Mladen

Good morning,

May you be so kind, and do the same indicator for MT4,..." Leader MACD" , what we have is a bit different.

Thanks

Leader of the MACD ...

One more indicator for metatrader 5.

This is the Leader of the MACD as described by Giorgos E. Siligardos in the attached article. In short, in this indicator there are 2 indicators in 1. A regular MACD (which is drawn as lines (colored line is a regular MACD and dotted line is signal)) and the "Leader MACD" indicator (which is drawn as shaded areas) Using shaded ares gives us a clearer view of the 2 indicators and a much easier way of reading the 2 (which was not the case with metatrader 4 version - it was very hard to read the whole thing)

Mladen Rakic
151506
Mladen Rakic  

Leader of the MACD ...

Value wise and calculation wise they are exactly the same. The difference is in the "look and feel"


As I told in the post where I posted the metatrader 5 version, filled array is not available in metatrader 4 (it can only be done in metatrader 5). But since it is obvious that the "look and feel" is very important to any indicator, and since it is obvious that it helps its readability, here is the closest to the filled array made in metatrader 4 (using histogram instead in this version), Colored histogram is the "leader". Also made one additional choice : in this one the color of macd can be chosen to color it on macd line slope or macd-signal line position (which is of more use in my opinion and hence it is a default way of coloring macd line)

leader_of_the_macd.mq4

bebeshel:
Good morning,

May you be so kind, and do the same indicator for MT4,..." Leader MACD" , what we have is a bit different.

Thanks

bebeshel
519
bebeshel  

Leader MACD

I understand,.. the difference between the 2 platforms.

Thanks.

mladen:
Value wise and calculation wise they are exactly the same. The difference is in the "look and feel"


As I told in the post where I posted the metatrader 5 version, filled array is not available in metatrader 4 (it can only be done in metatrader 5). But since it is obvious that the "look and feel" is very important to any indicator, and since it is obvious that it helps its readability, here is the closest to the filled array made in metatrader 4 (using histogram instead in this version), Colored histogram is the "leader". Also made one additional choice : in this one the color of macd can be chosen to color it on macd line slope or macd-signal line position (which is of more use in my opinion and hence it is a default way of coloring macd line)

leader_of_the_macd.mq4

bebeshel
519
bebeshel  

Mladen

forgive,

Mladen, the "Leader of the Macd",does not have "Multi Time Frame", could you make it with "Timeframe".

Thanks

derfel
153
derfel  

Simple oscillator 3

Hi mladen,

could you please make a mtf version of your nice "Simple oscillator 3" from post #4199 ?

thanks in advance

derfel

Mladen Rakic
151506
Mladen Rakic  

...

"Leader of the MACD" + multi time framing capability

leader_of_the_macd_-_mtf.mq4

bebeshel
519
bebeshel  

"Leader of the Stochastics"...?

Mladen, it could build, also Leader of the Stochastics, similar to Macd Leader (where we have the difference between Price and EMA), similar to Stochastics (the difference to be between PRICE and K).

Thanks.

Mladen Rakic
151506
Mladen Rakic  

...

Price is incomparable with stochastic K. Completely different range of values

bebeshel:
Mladen, it could build, also Leader of the Stochastics, similar to Macd Leader (where we have the difference between Price and EMA), similar to Stochastics (the difference to be between PRICE and K). Thanks.
Mladen Rakic
151506
Mladen Rakic  

...

derfel,

Here you go

simple_oscillator_3_-_mtf.mq4

derfel:
Hi mladen,

could you please make a mtf version of your nice "Simple oscillator 3" from post #4199 ?

thanks in advance

derfel