Stochastic Oscillator, the beginning - page 92

Mladen Rakic
154489
Mladen Rakic  
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.

TEAMTRADER

I 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

Mladen Rakic
154489
Mladen Rakic  

There was an omition of one basic rule when atr is used for emphasizing some value in the previous version of cci of stochastic : the value that should be used must osculate around zero line (otherwise the logic of using atr is broken). This version corrects that : cci_of_stochastic_amp_atr_2.mq4

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Here is a comparison - lower is the new (correct) version : obviously the new version is more accurate and in lower part it is avoiding false alerts

George
998
George  

I had adapted the original but I will adapt this corrected version tomorrow.

Old versions are as attached - and the whole picture is looking very good if the corrected version is better.

Thanks

TEAMTRADER

Files:
George
998
George  

MLaden,

2 requests -

I have tried to get the 4 colours again - by removing the 'oversold/bought color' in lines 57 to 60 - but nothing works when I have done that. Would you change the indi please so it shows 4 colours?

May I ask what the silver line represents?

TEAMTRADER

Fausto Nunziante Del Gaudio
1808
Fausto Nunziante Del Gaudio  
TEAMTRADER:
I had adapted the original but I will adapt this corrected version tomorrow.

Old versions are as attached - and the whole picture is looking very good if the corrected version is better.

Thanks

TEAMTRADER

can you please attach the atr cci+ histogram indicator?

thanks in advance

Mladen Rakic
154489
Mladen Rakic  
TEAMTRADER:
MLaden,

2 requests -

I have tried to get the 4 colours again - by removing the 'oversold/bought color' in lines 57 to 60 - but nothing works when I have done that. Would you change the indi please so it shows 4 colours?

May I ask what the silver line represents?

TEAMTRADER

TEAMTRADER

The silver line is the CCI

George
998
George  
thefxpros:
can you please attach the atr cci+ histogram indicator? thanks in advance

Here it is with a copy of the colours with the new settings in the file - thanks.

TEAMTRADER

George
998
George  

This is the best I can do with it renamed. I can now get it to save as a template so the colours do not matter.

I've finished adjusting it so it will go live this afternoon.

Thanks - it is a great entry/exit indicator and I am happy with it.

TEAMTRADER

Files:
Mladen Rakic
154489
Mladen Rakic  
TEAMTRADER:
MLaden,

2 requests -

I have tried to get the 4 colours again - by removing the 'oversold/bought color' in lines 57 to 60 - but nothing works when I have done that. Would you change the indi please so it shows 4 colours?

May I ask what the silver line represents?

TEAMTRADER

TEAMTRADER

Try this version out : cci_of_stochastic_amp_atr_2_teamtrader_version.mq4

George
998
George  
mladen:
TEAMTRADER Try this version out : cci_of_stochastic_amp_atr_2_teamtrader_version.mq4

I've used the revised indicator you posted as a base and changed the settings and name so I can recognise it in my list of indicators - the ATR CCI 2 indicator above is yours with my settings.

I still can't get the colours as standard but as the template takes care of this it is not a problem.

Thank you again.

TEAMTRADER

Files: