WPR + ma with some extras added and code optimized for new mt4 : wpr_ma_-_mtf_2.mq4
And this version too : wpr_ma_-_mtf_2.1.mq4
Even though it looks the same at the first glance as the previous, they are completely different. Built in wpr is not used and in this one it is not the result that is smoothed but the prices are filtered before used in wpr calculation. It makes the lag smaller and cleans up significant number of false signals
PS: setting the smooth period to <= 1 makes it in effect the same as the original WPR
Mladen: is it possible to divergence and corresponding arrows with their alerts like version before
I mean like like this
Wpr Adaptive Smoother nrp_mtf+alerts+divergence 1.01 nmc
You mean to add divergence to that indicator too?
yes Mladen, because as you made the lag smaller by improving several things in that one, I think it will be better to add divergence too since lag is always big issue in case of divergence. Actually, I don't know if I am right about this but I think one of the best indicator for divergence is
Also, your new method of calculating adaptive can be used or it is already adaptive since it is not mentioned in setting, that's question?
About the adaptive : the latest is not adaptive. It is simply a bit different way of calculating the whole thing (starting from the first step)
Will add divergence to it so that we can see how it behaves
I am trying to build a system which will work good on 5 minutes chart, I would like to have or if you can point indicator(NRP version) which work best on M5 charts, based on your experience. And also some filters to eliminate bad signals.
The indicator is amazing , but sometimes it dosnt alert on a coulour change instantly but like 1 hour later , so lets say you get an alert to buy , and the dots changes colour a few minutes after but then it dosnt alert you to go for a sell. that makes losing trades when the market moves fast .
Is there any way to fix that ?
And thank you for the indicator , its one of the best ive ever seen !
Is alertsOnCurrent set to true or false?
If it is set to false, then in volatile market change it to true (but be aware that signals on a still opened bar can often be false signals)