Elite indicators :) - page 443

Hercs
2970
Hercs  

An older indicator revisited

Good morning Mladen,

Please would you be kind enough to get this "Volatility bands percent" to change colour when it passes a predefined level?

Appreciate your help.

Successful day to you.

Mladen Rakic
151509
Mladen Rakic  

...

Nod

Here you go It is using the adaptive atr calculation from the adaptive atr channel (I hope I understood correctly that it was the one you wanted to use) Added atr multiplier too, so you can set the desired multiplier (in which case atr is multiplied by it and then that value is used as a projected stop loss). Close is used t calculate efficiency ratio (which should be OK since in the original Perry Kaufman efficiency ratio he used only close to)

nodp53:
Mladen, is it possible to make a ATR risk calculator based on adaptive ATR?

Thanx a Lot

Nod
Mladen Rakic
151509
Mladen Rakic  

...

ValeoFX

Made it this way (changing colors would require more buffers, so made it in a histogram version). Levels are adjustable through parameters

ValeoFX:
Good morning Mladen,

Please would you be kind enough to get this "Volatility bands percent" to change colour when it passes a predefined level?

Appreciate your help.

Successful day to you.
Gia
7
Gia  
mladen:
Gia

Henderson filter is a kind of a centered filter-average, which means that it has t extrapolate missing data from the right side. So,, yes, it recalculates half period bars (in this case I say recalculate since it has to extrapolate missing data)

Maybe the best place to read about Henderson filter is here : http://www.abs.gov.au/websitedbs/d3310114.nsf/51c9a3d36edfd0dfca256acb00118404/5fc845406def2c3dca256ce100188f8e

As of if it can be made not to recalculate : almost all centered averages are very similar to linear weighted average if the centered part is left out. If you compare the 2 you will see that the loss would be significant even though the weight coefficients would be somewhat different - the result would not be as smooth as the original filter

Thank you very much for your explanation and thank for the advided site as well, very interesting.

I was tring to use the Henderson filter in a EA, but because of the repainting it is difficult to implementi it in a EA (at least for my coding capabilities). Do you have some advicese about how to use it in a EA ?

Thanks

Gia

Hercs
2970
Hercs  

Thank you Mladen

mladen:
ValeoFX

Made it this way (changing colors would require more buffers, so made it in a histogram version). Levels are adjustable through parameters

=====================================

What an innovative idea!

Many thanks for your time.Always much appreciated.

Best personal regards.

Hercs
2970
Hercs  

A thought occurred to me...

Hi Mladen,

While compiling the new indicator, a thought occurred to me; could you possibly treat this indicator to a "Double EMA" version and if so, would do you think would be the advantage? With your new idea of speeding up "smoother"- versions and with the stability it generates, this could possibly be an advantage?

Looking forward to hearing your opinion.

Thanks in advance.

=======================

On second thoughts................Although we have the facility in the existing indicators, to choose "Double EMA", would your new approach make it any "better"?

Thanks.

Mladen Rakic
151509
Mladen Rakic  

...

Gia

Since EAs work in "signaling mode" I do not recommend using any recalculating indicator from EA (not possible to take clear signals n recalculating indicators). They are exclusively meant to be used in discretional - manual decision taking

Gia:
Thank you very much for your explanation and thank for the advided site as well, very interesting.

I was tring to use the Henderson filter in a EA, but because of the repainting it is difficult to implementi it in a EA (at least for my coding capabilities). Do you have some advicese about how to use it in a EA ?

Thanks

Gia
poohguo
231
poohguo  

Hi Malden,

I've been working on a trend following system. One challenge I face is to filter out ranging market condition. I know Ichimoku and mtf absolutestrength indicator can serve as filters in this regard. Can you please suggest some other indicators that can be used as filters to eliminate ranging markets ?

Thanks in advance

pooh123

Mladen Rakic
151509
Mladen Rakic  

...

I think I have already posted this one somewhere, but do not remember now where, so posting it again. Try this one for that purpose, I think it might be helpful

pooh123:
Hi Malden,

I've been working on a trend following system. One challenge I face is to filter out ranging market condition. I know Ichimoku and mtf absolutestrength indicator can serve as filters in this regard. Can you please suggest some other indicators that can be used as filters to eliminate ranging markets ?

Thanks in advance

pooh123
poohguo
231
poohguo  

Thanks Malden. In case I miss something in the full potential of this indicator, can you please explain a little bit how to use it ?

Thanks in advance

pooh123