thanks for all your help !
I can make that one (since that one is using future bar for calculation - but just 1 future bar) but in a way that it does not calculate the last 2 bars (and that way it would never repaint).
Is that OK? Since if I try to calculate current or penultimate bar, it can repaint
ignore that post , i looked at it at a emty ea , and it repaintet like hell..
It happens from time to time
This is an experiment. Instead of using some of the "regular" moving averages in the dtosc calculation, this one is using a super smoother : multi_pair_dtosc_-_ssm.mq4
Results are smoother (less false signals) but it needs to be experimented with the parameters yet
Could you please advise?
I am looking for an indicator that would best identify flat - no trade zones. I have been looking at Cronex Taichi and Damiani Voltameter. Cronex appears to cover very large areas compared to Damiani, including areas where is some activity. I trade lower tf, 1-15 min.
1. Do you know of an indicator/system that would identify flat periods best?
2. Is there a way of tweaking the Cronex and Damiani indicators to test which one works better.
That is an eternal problem
Assume this : how we differ trending and ranging? More or less using some measure of price change over some time. No lets assume that average range is 10 pips and that it is going up for a day at that past. And then it changes the direction and goes down for a day at the same past. If we take a look at, let say 15 minute chart it would look like it was trending up for a day and then trending down for a day. But if we look at the daily chart, there is no change at all - it was a "simple" case of ranging (in the hindsight of course)
There is no exact way how we can determine if there is a trend or the market is ranging. We ca assume (and that is what we are using all the time using indicators and drawing conclusions from those indicators) But there is no other way but the estimation to tell : "now it is ranging" or "now it is trending". Take a look at EURUSD at the lost couple of weeks - now it looks like it is ranging (daily charts - not some lower time frames) But if you take a look at the weekly chart it is a clear case of a strong bearish trend pausing (consolidating) before the next step down.
So, as much as we would like to ave some quantifiable way of determining the trending or ranging, we can not have it. We can only do our best in estimations and adjust our trading systems to the logic of our estimation - and trade that way
Mr Mladen, I am very grateful for thoroughly clear and full answer!
anyone can correct this indicator.?
Guner, there is an updated version here: https://www.mql5.com/en/forum/general
Sorry i found it.