I'm not sure if I understand your question correctly. I use the AMA as a filter confirmation alongside with Volatility Quality and OMA Macd. If AMA shows nothing, I do not trade it. There are times when AMA shows opposite signals with OMA too, and those times I skip. If it's something else you're asking, please let me know.
Regarding those newer AMA versions, which ones, in MTF, are you referring to? This current version (V25), I like the it because it shows 3 timeframes within the same indicator, replacing the need to use multiple instances of it. But if there is something else which you think would work better, please advice, thank you.
Have noticed some rendering issue with the Flat_Trend_MacdZonesMtf-2.mq4 on chart indi that you have coded. Please see the two gifs, right and wrong. Both use the same settings, however you'll see that both are rendered differently. The correct rendered version is shown as right.gif. Wrong.gif appears whenever I load a new template on the chart. To get it to show the right rendering, I need to change timeframes to reload the chart.
I'm not sure why this is the case, could you kindly help me look into this? For your information, I use 3 instances of the same indi on the chart, with different timeframe settings, not sure if this is the cause of the problem. I do the same in the seperate window version of this indi and that that does not result in rendering error as the on chart version.
two colors for "digital filters - on chart"
can anyone add coloring to this great indicator, and perhaps alerts? thanks!!
This one is with color changes and with alerts added
Have a nice weekend
thank you very much mladen!
Hi Mladen and MrTools,
This is quite a useful and unique MACD to use graphically. Would it be possible to add alerts (email) for it (on the zero cross)?
There is no zero line in that indicator. Can something else serve instead of the zero line?
Sorry what I meant is the equivalent of a macd zero line cross...i.e so when the line crosses price on the chart.
Here it is. You can chose the price you wish to monitor for crosses and all the regular alerting types are added to it now
I have been using the AbsoluteStrength of Averages_mtf 2.05 in so many ways with very good success and now I have a new request. For the purposes of saving on cpu could you make a 3 multiple time frame in one version of this indicator that shows 3 different time frames on the same indicator and does the following:
1. allows for 3 different time frames all in one indicator.
2. allows for different inputs for each of the "length" , "signal" , and "smooth" for each of the 3 time frames used.
3. this indi creates 2 lines, one going in direction of price and another usually going in the opposite direction. I am using the term "up line"to mean the line going in direction of price, and " down line" to mean the opposing line going in the other direction.
I want to create different colored dots that shows ultmate direction based on line steepness for each time frame used on a bar by bar basis. Up from 1 bar ago = a green dot if the "up line" is steeper than the other "down line" steepness. And down from 1 bar ago = a red dot if the "up line" is steeper down along with down price movement, than the other "down line" steepness going away from price movement.
If the "üp line" is the steeper of the pair, then the ultimate direction is up = green dot. If the "down line" is the steeper of the pair, then the direction is still up since down steeper means to me to more strongly go in opposite direction from the down line.
The steeper line of the pair determines the ultimate direction for that pair of lines for that time frame for that bar. This process is repeated bar by bar.
I assume that steepness can be determined by looking at amount of movement up from 1 bar ago on the "üp line" and then compariing that amount to the same for the other "down" line.
4. allows the colors representing up vs down for each time frame used to be different to distinguish the different time frames.
5. allows for showing all 3 dots per bar in a vertical column, where each dot represents a certain time frame.
I will turn off all other aspects of this indicator in this indicator window and only show these 3 dots per price bar in this indicator window, since I repeat the indi several times in different indicator windows showing different aspects of the indi ( ie., lines, arrows, divergence dots, and now this - all in different indicator windows to show it all much more clearly.
Thank you so much for creating such an absolutely fantastic indicator and for all your help to me and to all of us on this forum. I am eternally grateful for all you have so graciously given here.