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Having a stochastic calculation that can use custom prices for calculation allows us to filter those prices prior to using them in calculation. That way we are not smoothing the already calculated stochastic nor we are calculating a "raw" stochastic of some filtered value but we are "intervening" in the core of the stochastic calculation and we can make a new kind of stochastic that way
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This one is a sort of it. If you set the filter to <= 1 then you are going to get a good old high-low stochastic, otherwise close, high and low are going to first be filtered (using super smoother in this case) and only then used in stochastic calculation. Result is a smoother stochastic with minimal lag addedHi mladen,
Could you help to modify this indicator (stochastic filtered.mq4) with alert by sending email AND adding arrow when the color is changed ?
Many Thanks!!
stochastic_filtered.mq4
alam313 Here is a version with all the usual alerts added as well as some new options (now you can chose color change on slope change or on signal line cross, and some minor improvements) : stochastic_filtered_amp_alerts.mq4
Thanks !!!
That filtered alert would be useful as an on screen version of the indicator.
Please.
TEAMTRADER
CCI of atr emphasized stochastic : cci_of_stochastic_amp_atr.mq4
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Again. some playing with parameters is recommended, but all in all, it looks quite useful
CCI of atr emphasized stochastic : cci_of_stochastic_amp_atr.mq4
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Again. some playing with parameters is recommended, but all in all, it looks quite usefulVery briefly, the colours represent which parameter?
Thanks
TEAMTRADER
Very briefly, the colours represent which parameter?
Thanks
TEAMTRADERCrossing of desired levels and slope
AND based on ATR rather than price?
TEAMTRADER
AND based on ATR rather than price? TEAMTRADER
No
I already explained that ATR is directionless and that it can not be used for trend direction showing. But what atr can do is show the current volatility, and it is used that way in the atr emphasized indicators
Imagine this : let say that stochastic value is 100. But the atr is small (no volatility) and multiplied buy atr stochastic becomes 50. But then the volatility increases, atr increases and then stochastic becomes 150 instead of original 100. And then CCI takes over and uses that value to calculate the value
So, atr is there to "adjust" the values used for cci calculation according to the current value
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To conclude : you can not use atr to show direction of the expected trend. But you can use it to adjust the values so that they reflect the current price changes volatility
Understood - I had hoped that the ATR data per 15 minutes (for example) could be used to form an oscillator histogram such as the CCI.
From what you have said it cannot be done.
TEAMTRADER
Understood - I had hoped that the ATR data per 15 minutes (for example) could be used to form an oscillator histogram such as the CCI.
From what you have said it cannot be done.
TEAMTRADERI have explained and showed in more detail that thing here : https://www.mql5.com/en/forum/185017
Check it out and you shall see why "pure" atr can not be used as a source for cci calculation