As far as I know, "confirmation" of a H4 TF indicator on a M5 chart will take at least 5*12*4 = 240 bars. Anything sooner than that might give a false signal, especially regarding trend changes...
for the right "confirmation" we need normallly 240min/5min =48 bars. But when I'm wait for the right "confirmation" I don't need a MTF indicator. I can trade on a H4 chart. I will log in earlier that's the reason. But I give you right when we wait only 1 bar for the right "confirmation" on a M5 chart in this case. It gives to many false signals maybe.
But I have a additional idea. We can make a new indicator input " wait X bars for confirmation" ! I have observe that and I mean when we wait for example 2 or 3 bars in a M5 chart for confirmation we have 90% of the time good signals.
We can test like we want. What do you think about?
where did u get that indicator?
Mladen , do , please, in the MACD Hull function - show osma
I am afraid that I do not understand your post completely. One version of MACD hull was posted here (if that is what you meant) : https://www.mql5.com/en/forum/general
Iam looking for an indicator that can draw fibo on MACD, like the picture
also show the price zone on chart which is 31.8% and 61.8% on MACD.
Sorry, made a mistake .Feasibly do in the latest version MACD All Averages, to show only osma separately without the MACD and adjust the thickness of the lines in your all colored MACD and the function of base ma mode?
where did u get the macd indicator??
MACD AllAverages 2.3 indicator
In this one set the ShowMACD to false and you will get only the OSMA. Additionally you can use OsmaMultiplier to extend values to occupy more space of the sub-window in that case
Thanks, but it's not quite what I wanted , I'm sorry to trouble you,
And yet it is impossible to insert a function indicator base ma mode?with a choice of MA