You have a new mt4 compatible version at post #9 of that thread (here : https://www.mql5.com/en/forum/179337)
I have tested this for over a month on many timeframes and offline charts. Various stochastic settings but this setting is for big moves on the 4hr chart.
It is so efficient at detecting an imminent change of direction, with better consistency than divergence, that I believe it would help a lot of traders using bigger timeframes.
I'll leave it to you to see if you are able to code a signal/alert based on the crossing of 2 separate stochastics.
For coder traders the stochs settings for 4hr are - 8-3 (slowing) -2 (D) -3(lmma) and 34 -2-2-3. Where they both cross each other (down) above 65 there is a higher probability of the very near future direction going down. Where they both cross each other (up) above 35 there is a higher probability of the imminent future direction going up.
The illustration shows a square on screen of the area I was testing as well as on the stochastics indicators under the chart to show the actual crosses of the stochs indicators. These thicker verticals show the crossing of the stochastics above 65 and below 35.
Following post 983 - here is another excellent example of the predictive nature of the stochs crossing but on the 15m timeframe of the EU.
Any takers to code such an alert?
Hello Mladen - Mrtools,
I have read somewhere that there was a mistake in the code of Zerolag Ma or Nonlag Ma.
I'm using a nonlag stoch, here attached.
Could you please fix it with the right coding for the Nonlag Ma part ?
Hmm, uploaded the wrong one.
This is the right indicator, has more options ...
check this 1.01 ver.....i dont know if it help you.
Wulong, far a I am aware of the mistake in the code was with the Zerolag Ma and not the Nonlag Ma, can read about it here: https://www.mql5.com/en/forum/general
KINDLY,can you explain,what is the minor or major difference in NONLAG and ZEROLAG.....if those effect on differently in signaling or what so ever.
Mntiwana, for the nonlag you can find and explanation here: https://www.mql5.com/en/forum/general and about the zerolag can find some information here: Chart Manual: Zero-Lag Exponential Moving Average
so kind of you, for guidance and early response,thanks a lot.