Hello everyone, I'm a little old but quiet participant of this forum just recently bought advanced elite subscription, but I'm wondering which do you think veteran and non veteran members, is a most have indicator from the elite or advanced elite sections?
Just to recapitulate, due to the vast amount of developments already undertaken, which are very overwhelming to me at least.
Thank you for your opinions.
As I told quite a few times there is no such thing as "best indicator" (otherwise the market would not exist)
It all depends on how you trade and what. But just for the sake of making some "first steps" : here is one example of the new step ma :
And an example of phase accumulation adaptive composite rsi (it is a 15 minutes example, even though it, in my opinion should be used on higher time frames - minimum 1 hour chart - see the lower example)
As you can see, there are some loses, but the profit to loss ratio is not bad for any of the two examples (I gues my point is that there are no holly grails, as some are trying to convince us, but there are good indicators that are based on a no BS logic)
My personal preference goes to adaptive indicators (which is a "public secret" ) but it really mostly depends on you and your trading style.
PS: as I have explained a couple of time - dynamic zone indicators are adaptive - instead of adapting indicator value they are adapting the levels that are used to identify some market conditions. In the case of pa adaptive composite rsi the adapting is brought to the extreme : the value is adaptive as well as the levels - and it produces interesting results
There are many others that are very interesting to test and can be used with relative confidence (as much as we can be confident in any indicator), but I hope that this can help you. And never forget : indicators are indicators. Without the rest (MM, trading rules, ...) they can not and never should be treated as a trading system
I just got a email of a new forex system that i get quite often , there is someone that sell new indicators constantly and make a new website that is exactly the same but with a new indicator 2 times/ week and charges 147 $ for it.
This time hes trying to sell the dolly trading system that is free on forex tsd if im not wrong.
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MrTools/Mladen, could you please make an onchart version of this indicator? A request in June may have gone unnoticed!
Also, could we have alerts and arrows on colour change for the subwindow indicator?
Here is the on-chart version (color changes are according to original values, not the slope of the on chart values) : rsi_of_kaufman_ama_averages_filtered_onchart.mq4
I have 2 new ideas , i dont know if none of them will work , but its worth trying.
First : trend_direction_amp_force_index.mq4
It dosnt work with the new build and if its any good at all i thought of alerts when the price moves out one of the lines either up or down, and when the price is in the middle it continues in the trend until it breaks the other line and the trend changes.
Here i was looking at the bottom green line and the middle blue line crossover.
I drawed in the picture attached below so you hopefully understand.
For trend direction & force index, use this one (set the SmoothLength to <=1 to avoid smoothing) : trend_direction_amp_force_index_-_smoothed_3.01_amp_alerts_amp_lines.mq4
Mr Mladen, many many thanks.
Added the descriptive options (so that it is easier to use) : normalized_velocity_nrp_mtf__divergence__alerts_1.03.mq4
This indicator has potential, i attached it and had a quick look , it looks verry good until i looked at one of Eur/usd 200 pips drops , it managed to predict the drop 9 hours before it happend but then it didnt change for a buy for the next 20 hours until it was at 0 point again = no money gained unsless use of a stoploss, if it had changed to a buy quite instantly after the drop it should have been a 400 pip win , 200 the way down and 200 the way up.
Can you add 20 averages so i can try if it is another way which is better.
Thanks for this indicator btw !