Good morning Mladen
Thanks for this tool. I'm using the "28 setting" as supplied and I have set up customised cross-over lines for majors/yen, commodities and exotics/minors which serve as quite handy confirmations to my Hull 2.0 line-break strategy.
Could you now please apply a smoother to this indicator?
Thanks & regards
It is already smoothing it (using T3). Do you want the T3 to be replaced with some other kind of smoothing?
I'm happy with the indicator and it's signalling is fine despite the Momentum line being drawn "a little bit rugged". I just thought that maybe you would have a trick up your sleeve to depict the line a touch smoother (you know us Engineers always chasing after Eutopia). I will leave it to you to mull over but do please enjoy your holiday as this request is not urgent at all to me.
Maybe we can change the smoothing type (using something else instead of T3) but that is not likely to improve. More probably it would be better to use smoother momentum (velocity indicator for example) in order to get smoother results. Will get back on this issue when I have some results
As an idea : try using this one (you will have to adjust the levels since the values are different). This one uses velocity instead of momentum
I'll fiddle & tweak and report back later.
I checked it out "side-by-side" with the T3-Mom and to get at the very least the same signal verticals the T3-Vel boils down to pretty much the same shape. It's then that I recalled from my Engineering studies that Momentum anyway is a function of Velocity and I would assume that there would be a similarity in its Fx application.
Thanks all the same. I really appreciate your interest & commitment to help us to get to "Utopia" with our trading tools.
In this case velocity is simply a smoother momentum. It was just a thought how a smoother value of a "burst" could be produced
Hi Mladen, trying to find this indicator in MTF.
AMA STL Color - averages.mq4
Hi Walter Fordham,
Added the mtf.