Differences between TD&FI and FI
I would like to ask you a question about your indicator Trend Direction & Force Index.
I'd like to understand the difference between it and the regular Force Index indicator. As I have noticed (see screenshot below), the zero crosses and the spikes are not quite the same, even when the smoothing is set to "1", so with no smoothing. First ones are delayed or don't appear at the same time, second ones have different amplitudes.
I am concerned about this, because I'd love to see what a smoothed regular Force Index looks like on a chart.
I have guessed, but am not sure at all, that this has to do with a filter around the zero line, to filter the oscillations around it. If it so, I think it would be nice to be able to modifiy the settings of this filter.
Thank you very much for your explanation.
Those are completely different indicators. Trend direction & force index is (as far as I know) an original indicator by Piotr Wojdylo (he made it for metastock, I converted it to metatrader and added some things in our metatrader version, but the formula used is the original Piotr Wojdylo formula) so those 2 indicator should be treated as completely different indicators
Smoothed Force Index
Thank you very much, I understand better now.
So I would have a request for a Smoothed Force Index indicator (with custom smoothing period), if it's possible and if you think it is worth to try out.
I've looked for one over the web, but without success.
Sorry, I do not understand the question. Could you explain more?
I mean : is it possible to smooth the regular Force Index indicator the way for example this one is smoothed : https://www.mql5.com/en/forum/general, to avoid false signals and have a better view.
Airquest there is a smoothed histo version here https://www.mql5.com/en/forum/general
Thank you MrTools,
I have a couple of questions about this indicator.
- What are the settings ForcePhase and ForceDouble for ?
- Can you modify it so that we can choose between simple, exponential, smoothed and LW method like the original force index indicator ? From what I've seen, it is set by default on exponential method, is that right ?
- Can you also add a setting to be able to customize the period/length of smoothing ?
Airquest for the first question that force guess you can say more of a pure jurik force the ForcePhase and ForceDouble are simply the Phase and Double used in jurik smoothing, the phase really can't explain very well but the Double to me means twice the speed to try and cut down on lag introduced by the smoothing, in a lot of cases its just too fast using double = true.
This version is using regular force where you can choose which ma to use like the original, and now you can control the amount of jurik smoothing you want using smooth length,smooth phase,or smooth double
updated version here: https://www.mql5.com/en/forum/general
Thank you so much MrTools. This is fantastic.
Hello Mladen and Mr Tools,
In hindsight I don't necessarily need an MTF version of RSX MA FullSSA, however, I had been testing the indicator using Trade Simulator 3 on 4hr timeframe for two reasons: to see if I could trade it profitably (which I did) and to see the extent of the SSA redraw. I don't think i'll incorporate it but it did give me an idea which leads to another question...
Is it possible to test an MTF version of FullSSA indicator using a trade simulator? My idea is to test the validity of confluent signals for FullSSA between 4Hr and 1Hr timeframes. It's not a bad idea but I have no 'proof'. Since FullSSA recalculates I can't do it visually.
The simulator will allow me to test the indicator on a timeframe but won't allow an MTF setting of that indicator on another timeframe simultaneously. I can attach other MTf indicators though, for example, I tested a strategy using your High-Low activator (which I love btw) and that worked very well. I also tried testing various 4hr MTF MAs with 1Hr FullSSA as a comparison which was interesting.
The problem is that the simulator won't allow MTF of FullSSA. Is there another way to approach this or a possible solution?
Is there any possible way to do this?
Thankyou for your help,