One more average ...
OMA...Bands? 
The usual story goes something like this : which is the best moving average? Everyone that ever started to do any kind of technical analysis was pulled into this "game". Comparing, testing, looking for new ones, testing ...
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The idea of this one is simple : it should not be itself, but it should be a kind of a chameleon - it should "imitate" as much other moving averages as it can. So the need for zillion different moving averages would diminish. And it should have some extra, of course :
The extras :
- it has to be smooth
- it has to be able to "change speed" without length change
- it has to be able to adapt or not (since it has to "imitate" the non-adaptive as well as the adaptive ones)
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The steps :smoothing - compared are the simple moving average (that is the basis and the first step of this indicator - a smoothed simple moving average with as little lag added as it is possible and as close to the original as it is possible) Speed 1 and non-adaptive are the reference for this basic setup.
"speed changing" - same chart only added one more average with "speeds" 2 and 3 (for comparison purposes only here)
finally - adapting : same chart with SMA compared to one more average with speed 1 but adaptive (so this parameters would make it a "smoothed adaptive simple average") Adapting part is a modified Kaufman adapting way and this part (the adapting part) may be a subject for changes in the future (it is giving satisfactory results, but if or when I find a better way, it will be implemented here)
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Some comparisons for different speed settings (all the comparisons are without adaptive turned on, and are approximate : approximation comes from a fact that it is impossible to get exactly the same values from only one way of calculation, and frankly, I even did not try to get those same values)speed 0.5 - T3 (0.618 Tilson)Due to some properties of this average, it is very convenient to use it as a part of other indicators for pre- (as a filter before calculation) and post- smoothing. Some of the indicators that are going to be posted in this section are going to use this way to achieve those goalsspeed 2.5 - T3 (0.618 Fulks/Matulich)
speed 1 - SMA, harmonic mean
speed 2 - LWMA
speed 7 - very similar to Hull and TEMA
speed 8 - very similar to LSMA and Linear regression value
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And, the last (it might be posted before the rest, but 
)
Length- length (period) for averaging AppliedPrice- price to use for averaging (it uses the usual metatrader values :PS: did not think of a different name for it.We could name it whatever we want (since it does not exist anywhere else but here on TSD) but I rather like this name0 - closeSpeed- desired speed (i limited to -1.5 on the lower side but it even does not need that limit - some interesting results with speeds that are less than 0 can be achieved)1 - open
2 - high
3 - low
4 - median (high+low)/2
5 - typical (high+low+close)/3
6 - weighted (high+low+close+close)/4
Adaptive- does it adapt or not
Mladen,
Once again,Thanks for your marvellous indicators.
I have been testing it with the visual tester :
EURUSD H4
SETTINGS:13,0,-1,TRUE
The OMA is very robust...And I believe that if you add bands to it(preferably ATR bands),the end result could be even better than your exceptional TMA Bands...Tma bands slightly "recalculate" ...This OMA,unless I am losing my sight,doesn`t redraw at all,with settings I posted...and,yes not all touches at the external band would be profitable entries(most will be),but we can use it to add to existing positions in a trend,or we can use them as I explained in the TMA bands thread...I have the feeling this beast is much better than TMAs,so,if you can do the bands,I will open a thread in this section and explain the several uses I would give them....Hopefully you have time to do so .
I will do a few more visual tests with different settings,but I was so enthralled by what I saw with those settings,that I repeated the test several times...Now could you explain in layman`words what is the difference between adaptive true/false?...Most of the indicators I have tested,when put on adaptive mode,look exceptional after the fact,when put in Live trading,they are not so exceptional ...So,I was surprised by the robustness OMA showed at adaptive mode....This is a jewell,believe me...But you already knew that
Regards
S
Simba,
You hit it in the head from the beginning (as usual ). The -1 for speed is really an interesting one (frankly, those "speeds" less than zero were what made me aware of some of the properties of this average while I was working on it)
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Of repainting : no, no repainting at all
Of adaptive : nothing new in that part applied from me (as I said, that is basically Kaufmans way of adapting, slightly modified to avoid the "bumps" of AMA) What it does is that it shortens the average period in volatile periods. So, in fact, in those times, it makes it a "shorter" (or "faster") in order to make it more responsive to changes. In the quiet market it reverses to its slowest period (the nominal period of the average)
Of developments : yes, will make some "channel" versions. Also, if you look at the cfb thread, you will see some different ideas that I will probably use in the adaptive part of this one. I somehow feel that this one deserves attention and that it can be useful in a various ways (as a smoother in indicators there are very few ones that can compare to this one, also as a filter, and since you already noticed its usefulness as a "normal' average,... )
Trend filter
Simba,
You hit it in the head from the beginning (as usual ). The -1 for speed is really an interesting one (frankly, those "speeds" less than zero were what made me aware of some of the properties of this average while I was working on it)
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Of repainting : no, no repainting at all
Of adaptive : nothing new in that part applied from me (as I said, that is basically Kaufmans way of adapting, slightly modified to avoid the "bumps" of AMA) What it does is that it shortens the average period in volatile periods. So, in fact, in those times, it makes it a "shorter" (or "faster") in order to make it more responsive to changes. In the quiet market it reverses to its slowest period (the nominal period of the average)
Of developments : yes, will make some "channel" versions. Also, if you look at the cfb thread, you will see some different ideas that I will probably use in the adaptive part of this one. I somehow feel that this one deserves attention and that it can be useful in a various ways (as a smoother in indicators there are very few ones that can compare to this one, also as a filter, and since you already noticed its usefulness as a "normal' average,... )Thanks for your reply and for your kind comments
Yes,this one deserves attention....Look at the attacchment...2 OMAs with settings :
RED:13,0,-1,TRUE
AQUA :13,0,-1,FALSE
Very good trendfilter for H4...we can then just trade retracements to the external OMA or wait for near perfect entries,when there is the first countertrend penetration of the OMAs by the prices...see Aqua rectangles.
Obviously,entries will be even better once we have the bands
I am still experimenting,and I have to say that number 1 is very similar to sma ,as you explained,but smoother...and,for the moment,I prefer the combo I attacched as the best trading setup for H4...the -1 setting is extremely robust.
Regards
S
Gracias
Here you go
ATR bands this time, but you can control the ATR completely through parameters (you can even turn bands off )
ShowBands-> the switch to show or not the bandsWill try some other versions of bands (% for example, I would like to see how does it behave. If I find it interesting, most definitively will post it here)AtrMultiplier-> multiplier for ATR (can be decimal)
AtrPeriod-> period applied to ATR
AtrShift-> number of bars ATR calculation is shifted (set to the "old" trick with atr from before 10 bars by default)
regards
mladenThankyou,merci,grazie,danke,gracias....hvala!
S
...
Good work tools, I like it And no, I do not mind the OMA (I am lazy too, so let's call it OMA)
Made this mod using OMA and BB Macd looks interesting and also OsOma!Guess could have named them Obama, but didn't want to ruin the indicator
Ps) Mladen hope you don't mind me changing this version to Oma too lazy to type out One more average 
request
I received a request from haubentaucher...
H,please find my reply in the pic,and I hope that it answers your q...If it doesn`t,please feel free to POST HERE why ,but do not ask me again by PM.
Regards
S
Made this mod using OMA and BB Macd looks interesting and also OsOma!Guess could have named them Obama, but didn't want to ruin the indicator
Ps) Mladen hope you don't mind me changing this version to Oma too lazy to type out One more average Thnak to all fo you guys for your effort .
Would you please kindly help me in the rulse of trading sell or buy and TP & SL
Your help is highly appreciated.
kindly if you dont mind attach you template
Thnak to all fo you guys for your effort .
Would you please kindly help me in the rulse of trading sell or buy and TP & SL
Your help is highly appreciated.
kindly if you dont mind attach you templateAttaching my template and rest of the indicators, there's so many indicators because 1 calls one which calls another etc. To be honest have a long weekend off from work and have been playing with these new toys Mladen and Igorad have kindly provided us. In my real trading just been using the volume indicator, the bands, and a indicator developed in a private group and is not to be shared. But to give you an idea been studying VSA the last couple months and still not even close to getting it down yet, but check out the volume indicator in the picture, look on 11/16 at 14:00 the red bar, now 2 bars or hours later the upspike that came out of the bands according to VSA this is professional money in the trade and all ready in sell mode(they make these spike to fake you into thinking buy now), anyway this is for another thread someday when i am confident enough to teach it. Always love it when I hear or read someone saying no volume in Forex Don't want to get into this much more because this is Mladen's Oma thread "Sorry" 
Thank you for sharing you system
ummm i will see how i can get the idea of trading and best TF fo it
Once againg appreciate you sharing
With all respect,
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The usual story goes something like this : which is the best moving average? Everyone that ever started to do any kind of technical analysis was pulled into this "game". Comparing, testing, looking for new ones, testing ...
______________________________
The idea of this one is simple : it should not be itself, but it should be a kind of a chameleon - it should "imitate" as much other moving averages as it can. So the need for zillion different moving averages would diminish. And it should have some extra, of course :
The extras :
______________________________
The steps :______________________________
Some comparisons for different speed settings (all the comparisons are without adaptive turned on, and are approximate : approximation comes from a fact that it is impossible to get exactly the same values from only one way of calculation, and frankly, I even did not try to get those same values)Due to some properties of this average, it is very convenient to use it as a part of other indicators for pre- (as a filter before calculation) and post- smoothing. Some of the indicators that are going to be posted in this section are going to use this way to achieve those goals
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And, the last (it might be posted before the rest, but
)
Parameters :PS: did not think of a different name for it.We could name it whatever we want (since it does not exist anywhere else but here on TSD) but I rather like this name
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Updated version posted here : https://www.forex-tsd.com/forum/exclusive/11428-one-more-average/page15#comment_763153