Elite indicators :) - page 454

Mladen Rakic
151107
Mladen Rakic  

...

ValeoFX

Heiken ashi of averages is a variation of the "smoothed" heiken ashi, not the regular one. Hence the 2 steps that lead to smoothed heiken ashi calculation can both have their own smoothing (setting any smoothing to 1 means there is no smoothing) as well as its own smoothing method (any of the available ones - they do not have to and are not by default the same)

Price smoothing is the 1st step : consider it a kind of price filtering. Instead of using "raw" price, smoothed (filtered) price is used in calculations instead. After completing the HA calculation additional smoothing is/can be done. That is the result smoothing and result method : smoothing the calculated heiken ashi a bit more

Hope this clarifies all

regards

Mladen

ValeoFX:
============

Hi Mladen,

Looks impressive to say the least, but I need some explanation plse.

What is meant by the #1 line PriceSmoothing? and can I set that to any of the values stipulated?

#2 Line is PriceSmoothingMethod = is this the only one reserved for all the different methods?

#3. ResultSmoothing is a new concept to me in its entirety. Can I also use any of the 17 methods?

#4. ResultSmoothingMethod as for #2?

Would appreciate an explanation.

Thanking you in advance.
Hercs
2970
Hercs  

Much appreciated

mladen:
ValeoFX

Heiken ashi of averages is a variation of the "smoothed" heiken ashi, not the regular one. Hence the 2 steps that lead to smoothed heiken ashi calculation can both have their own smoothing (setting any smoothing to 1 means there is no smoothing) as well as its own smoothing method (any of the available ones - they do not have to and are not by default the same)

Price smoothing is the 1st step : consider it a kind of price filtering. Instead of using "raw" price, smoothed (filtered) price is used in calculations instead. After completing the HA calculation additional smoothing is/can be done. That is the result smoothing and result method : smoothing the calculated heiken ashi a bit more

Hope this clarifies all

regards

Mladen

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

Much appreciated, Mladen.

Thank you.

ericgellasch
23
ericgellasch  

ADX smoothed alerts and color change

Dear Mladen,

I thank you much for the Wilder's DMI with alerts indicator that you posted. If you could do the same for

this different smoothed MT4 style version of ADX I would greatly appreciate it. In addition, if the ADX line could change color when it goes up or down, it would make visual interpretation much easier. Many thanks for your brilliant work and gifted skills.

William Snyder
9497
William Snyder  

This is BB Macd of Averages it has alerts,arrows and mtf.

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

Mladen Rakic
151107
Mladen Rakic  

...

Here you go Same kind of alerts and same settings as in Wilder's DMI

eric gellasch:
Dear Mladen,

I thank you much for the Wilder's DMI with alerts indicator that you posted. If you could do the same for

this different smoothed MT4 style version of ADX I would greatly appreciate it. In addition, if the ADX line could change color when it goes up or down, it would make visual interpretation much easier. Many thanks for your brilliant work and gifted skills.
Hercs
2970
Hercs  

Reminder plse Mladen

ValeoFX:
Hi Mladen,

I have not had time to evaluate your "Stochastic Volatility" indicator, as much as I like both concepts and so today I was looking at it. I show you a picture here for reference.

What surprises me is that it does not show the Dots in the TOP section in o/bought? Is there an improved version perhaps or is it meant to be like this? I can hardly believe me asking this question.

Thanks very much for your reply.

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

Good morning Mladen,

Please would you mind looking at my request seeing that the market is so quiet this morning? Thanking you in advance.

Best regards,

Mladen Rakic
151107
Mladen Rakic  

...

ValeoFX

Stochastic volatility indicator is not a "directional" indicator. There is no overbought and oversold region in it : there are lower than usual and higher than usual volatility Dots are shown in cases when volatility is very small and where a raise in volatility is expected (due to "lack of volatility"). At least that was the idea of the creator of, it and his idea was that the time of low volatility is good time for entry but using some other indicator (directional indicator) as the one that would "tell" the direction of the entry.

regards

Mladen

ValeoFX:
===================================

Good morning Mladen,

Please would you mind looking at my request seeing that the market is so quiet this morning? Thanking you in advance.

Best regards,
Hercs
2970
Hercs  

Many thanks, Mladen

mladen:
ValeoFX

Stochastic volatility indicator is not a "directional" indicator. There is no overbought and oversold region in it : there are lower than usual and higher than usual volatility Dots are shown in cases when volatility is very small and where a raise in volatility is expected (due to "lack of volatility"). At least that was the idea of the creator of, it and his idea was that the time of low volatility is good time for entry but using some other indicator (directional indicator) as the one that would "tell" the direction of the entry.

regards

Mladen

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

Good morning Mladen,

Thanks very much for the reply. Having understood what you said, what happens then when the volatility diminishes in an UP trend? Surely that should also apply and therefore the dots should also appear on the top?

I must say that I like the accuracy of this indicator. Still on my test bench 24/7 and if we can resolve this "issue" (and it seems that it is only me who have the problem ), it would be a great adjunct on higher TFs when directional changes are imminent.

Sincerely,

Mladen Rakic
151107
Mladen Rakic  

...

It is no problem to add some more arrows and dots. Here you go.

But please read my previous post and see the example (in between the lines) bellow. I did not invent those rules of usage. Those rules were described by Francesco G. Cavasino who invented that indicator

PS: due to error, removed the source from this post. Corrected one posted 2 posts down

regards

Mladen

ValeoFX:
================

Good morning Mladen,

Thanks very much for the reply. Having understood what you said, what happens then when the volatility diminishes in an UP trend? Surely that should also apply and therefore the dots should also appear on the top?

I must say that I like the accuracy of this indicator. Still on my test bench 24/7 and if we can resolve this "issue" (and it seems that it is only me who have the problem ), it would be a great adjunct on higher TFs when directional changes are imminent.

Sincerely,
Hercs
2970
Hercs  
mladen:
It is no problem to add some more arrows and dots. Here you go.

But please read my previous post and see the example (in between the lines) bellow. I did not invent those rules of usage. Those rules were described by Francesco G. Cavasino who invented that indicator

regards

Mladen

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

Thank you again Mladen. I completely understand the concept and have respect for it, I just want to see if I can prove my "theory" correct or not.

Appreciate your time.