This is cmo smooth (chandes momentum osc.) added the multicoloring to change colors on the slope change, added alerts and arrows that go off as cmo is leaving overbought, oversold territory (50 and -50) .
This indicator is an extension of the indicator posted here : https://www.mql5.com/en/forum/178733/page13 . In that post I explained the resons for making "floating levels" so it might be a good idea to read that post too
PS - just as a reminder : floating levels start to show the why are they better when a long RSI period is used (above example uses RSI 50)
The original idea for this one was from Alexander Kirilyuk M. but he called it a "adaptive RSI" which is misleading since it is not an RSI but a moving average. So, a short description of it would be that it is a RSI adapted EMA. Some changes in the original idea were made in order to make it a bit more responsive (faster) to the price changes
Made 2 flavors : the "on chart" (which is logical since it is a moving average after all) but also, since it has the floating levels, a separate window version that can be used as an oscillator. Here is an example of both on a same chart :
PS: do not expect from this one to "slow down" as usual moving averages. Since it is slowing down RSI first and only then it is used to calculate an EMA, making calculating lengths longer does not have the same effect as usual moving averages. Also in the rsi type the what I called an "Ehhlers rsi" is removed since it is identical to Cuttler rsi and Cuttler rsi was there first only Cuttler name is left. Choices for RsiMethodare the following
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Parabolic_wma_envelopes_histo from here: https://www.mql5.com/en/forum/general made to be compatible with new mt4 builds.
Please make a separate histo version. Thanks.
Here's the histo version.
updated version posted here: https://www.mql5.com/en/forum/general
cmo smoothed(Chande momentum oscillator) from here: https://www.mql5.com/en/forum/general made compatible with new mt4 builds.
This is cmo smooth (chandes momentum osc.) added the multicoloring to change colors on the slope change, added alerts and arrows that go off as cmo is leaving overbought, oversold territory (50 and -50) .
updated version posted here: https://www.mql5.com/en/forum/general
This indicator is an extension of the indicator posted here : https://www.mql5.com/en/forum/178733/page13 . In that post I explained the resons for making "floating levels" so it might be a good idea to read that post too
PS - just as a reminder : floating levels start to show the why are they better when a long RSI period is used (above example uses RSI 50)
PPS: updated version posted here https://www.mql5.com/en/forum/general
Ichimoku smooth : ichimoku_smooth_mtf_nmc.mq4
Originally posted here : https://www.mql5.com/en/forum/general
This is Ichimoku smooth multi timeframe, using jurik smoothing.
Updated version posted here : https://www.mql5.com/en/forum/general
Two versions of MA rsi adaptive (from this post https://www.mql5.com/en/forum/general ) cleaned up for new metatrader 4 :
Ma rsi adaptive ...
The original idea for this one was from Alexander Kirilyuk M. but he called it a "adaptive RSI" which is misleading since it is not an RSI but a moving average. So, a short description of it would be that it is a RSI adapted EMA. Some changes in the original idea were made in order to make it a bit more responsive (faster) to the price changes
Made 2 flavors : the "on chart" (which is logical since it is a moving average after all) but also, since it has the floating levels, a separate window version that can be used as an oscillator. Here is an example of both on a same chart :
Jurik rbci with divergences : jurik_rbci_bands_divergence_nmc.mq4
Originally posted here : https://www.mql5.com/en/forum/general