Trust you had a great weekend.
Is it possible to change the current Moving Average EA as per MT4, so that it works on a Tr.Envelope-principle rather than having to set the Shift which is not as accurate, plse? (Highs and Lows)
I am finding a shift of 10 to be almost as good as the basic Tr.Env. but it is not ideal.
Looking forward to hearing from you.
That EA opens an order in two cases :
When previous open current ma opens a buy
When previous open > current ma and previous close < current ma opens a sell
As af as shift is concerned : it does not matter at all what shift is applied to MA since the current value of the ma will always be the same (and that is the value that is used for comparison). Attaching a very simple indicator (the _test 1) that will show you that whatever shift you set for the moving average it will not change the value that is tested. Only if the bar tested for the value is changed, the value tested will be changed to
Also made a change in the EA (added an option to chose which bar to test - default is set to 1 - first closed bar - now) Try it out with that option first
Thank you Mladen. You are indeed a blessing to us all; me in particular. I like the lessons on top of that.
Much appreciate you.
Custom built Moving Average EA
Good morning Mladen,
Further to our conversation yesterday, could you possibly add the facility of pre-selecting the STOP and TP Values on the EA, please?
Also, for you kind consideration I attach a screen-print to show you why I am so keen on the Hi/Low-option; it will cut out a considerable number of false entries.
Continued success to you.
This one has stop loss and take profit options added
Thank you Mladen. You are indeed a gentleman and a scholar.
mladen, could you possibly add colored candles/bars option, and alert (on 0 line cross) to this indicator? here's the original version and your mtf version, please pick the one you are more comfortable with...
thanks in advance!!
p.s. forgot to attach pic, here it is -
Here you go. This is a "bars" version of the point of balance that is already a amulti time frame version too
Updated version posted here : https://www.mql5.com/en/forum/general
Variation of RSX that uses variable length momentum in in RSX calculation. The calculation itself is "pure" rsx (unlike the RMI RSX smoothed - from this post : https://www.mql5.com/en/forum/183640 - which is a kind of a hybrid indicator)
Mild extending of momentum period seems to be enhancing the rsx itself (faster breaks of overbought and oversold levels). It will take some more experimenting for best setups, but it seems to be a kind of an improvment
This looks very, very promising indeed, especially on my H4 & D1 charts where I trade 90% of the time. Could you please also compile a horizontal histo version of this tool?
Thanks & have a great weekend!!