this one should be do the job, it has double color OsMA, arrows, magnifier and the proper calculation (most important...)
Hope ti fits what you're looking for.
I would like you to do the work, a very important indicator shows peaks and valleys HP_DIFF it can be differentiated to make it open source
As far as I see these are all a using Hodrick-Prescott filter. Will try to figure out what does HP_DIFF do internally. Just keep in mind that Hodrick-Prescott filter recalculates and that you should be very careful if you are using it for peaks identification since (if the HP_DIFF uses Hodrick-Prescott filter too) it will change values backwards
Thought that it looks familiar
See this : upper is the no-lambda modification I have made a couple of years ago and lower is the HP_DIFF indicator. As you can see the HP_DIFF is showing the slope of the "no lambda" indicator. Try with other filter periods but you will always get the same results
If you wish I can make a histo version of the "no lambda" indicator, but now you know what is it showing exactly
Hodrick-Prescott filter histo ...
Hi Mladen ,
The NL Kalman Zerolag MACD isnt' showing even though I have the NL kalman indicator in my indicator folder?Do you have any suggestion?Thanks.
It must have the "NonLinearKalman" indicator in the indicators folder in order to work. NonLinearKalman that works with the indicator is at this link : https://c.mql5.com/forextsd/forum/68/nonlinearkalman.mq4 . Save it under that exact name (it must be "NonLinearKalman.mq4" in order to work properly)
It is strange I have that indicator named in my folder as NonLinearKalman with no _v1 notation, now Both NonLinearKalman _v1 and NonLinearKalman indicators are in my folders.When I delete the NonLinearKalman it is blank again.I have to have the both NonLinearKalman and NonLinearKalman_v1 in my indicator folder.
Check it further since I do not have the other. All I have is the one from the link and it works OK. See the example - only the macd and the NonLinearKalman are there and it works