As I told, this averages indicator will be an indicator that requires only, and only 2 parameters : calculating period and price. That is why indicators like T3, Jurik, oma, nma, ama and all the similar that require more than those two parameters are not included in this averages indicator (since in that case, some of the parameters for the mentioned averages would require usage of some silly defaults or a lot more parameters for input which would make the whole thing un-necesarily complicated to use). Even like this, now it has 28 types of averages
Is it possible to add new option of parallel levels as channel (channel with different extension span) around this indicator
You mean like a bands with a distance in pips?
Exactly but make it option to be appear or not if possible
OK. Will be done
Here is a version with bands : averages_-_mtf_amp_alerts_5_3.ex4
You can control each band separately (if the distance for upper or lower band is > 0, then it is drawn, otherwise it is not)
Here is a version with bands :
Here is one experiment too - it is not a heiken ashi, but and indicator that uses the 4 basic prices to calculate 4 averages and then checks for trends : averages_-_4_price_trends.ex4
PS: this one does not have alerts yet. It is still an experiment and I want to check some more things, but even like this seems that the 28 types of "pseudo heiken ashi" can be used in trading
I don't want to bothering you, but there small issue in the indicator when MTF, as you can observe from picture this the indicator of M30 at chart of M15, there are some discrepancies should be solved
PS:upper and lower bands at 200pips
Yes, you are right
Download the corrected version from the original post (it has been updated and posted there)
this averages - 4 price trends.ex4 is incredible.
Did you try to play with average period value, it is stunning