One more average ... - page 45
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so ? imo since most of filters are based on 1 dimension(close or open,..) then reading filters and compare them to candlestick is hugely flawed but goin 1 time frame lower & adjusting filter to that can somehow show the more detailed(realistic) picture of price action .but my problem is why 1 time frame lower ? for example instead of famous (at least in stock market) 20ma on daily chart why not use 28800 ma on m1 chart(20*24*60)?
The wavelets (or you would say cyclets) have to be in relation with the wave (cycle). One tf lower or higher they still do. With two tfs difference picture isn't that clear anymore and three tfs lower or higher a wavelet has not much (equal zero) to do anymore with the big wave on the higher tf - you can't see it anymore.
More realistic on lower timeframe? Don't mess the tfs. You zoom in, so you have more candles. An M5 bearish candle can contain 4 smaller bullish M! candles and one big bearish M1 candle. What you should do: either look for signs of weakness and strength on lower tf or look for 'trends' on higher tf. When you have confirmation on your tf, then you can trade. I prefer former, others would choose later, but both, the lower and the higher tf, isn't recommendable.
The wavelets (or you would say cyclets) have to be in relation with the wave (cycle). One tf lower or higher they still do. With two tfs difference picture isn't that clear anymore and three tfs lower or higher a wavelet has not much (equal zero) to do anymore with the big wave on the higher tf - you can't see it anymore.
More realistic on lower timeframe? Don't mess the tfs. You zoom in, so you have more candles. An M5 bearish candle can contain 4 smaller bullish M! candles and one big bearish M1 candle. What you should do: either look for signs of weakness and strength on lower tf or look for 'trends' on higher tf. When you have confirmation on your tf, then you can trade. I prefer former, others would choose later, but both, the lower and the higher tf, isn't recommendable.
Yes, there are differences
What you are talking about is what, among others, dr Alexander Elder used for multi time frame approximation, but that is all it is : an approximation that was used in lack of computer power
can u make an indicator based on super smoother with these 2 display options (or latest version of averages) ?
1) show candle version of filter based on ohlc instead of 4 lines
2)in uptrends (filter applied to close >filter applied to open) just show the filter based on lows & in downtrends (filter applied to open >filter applied to close)just show the filter based on highs .
can u make an indicator based on super smoother with these 2 display options (or latest version of averages) ?
1) show candle version of filter based on ohlc instead of 4 lines
2)in uptrends (filter applied to close >filter applied to open) just show the filter based on lows & in downtrends (filter applied to open >filter applied to close)just show the filter based on highs .
for 2 : use trend biased price
how does it calculate the trend cause i dont see any difference between close & trend biased price of filters ! compare this 2 setup : one is average ribbon : fast ema 10 trend biased price , slow ema 200 trend biased price(doesnt matter), & simple ema 10 close which as u can see no difference .
other one is average ribbon : fast ema 10 high grey , slow ema 10 low red , & simple ema 10 close .
how does it calculate the trend cause i dont see any difference between close & trend biased price of filters ! compare this 2 setup : one is average ribbon : fast ema 10 trend biased price , slow ema 200 trend biased price(doesnt matter), & simple ema 10 close which as u can see no difference .
other one is average ribbon : fast ema 10 high grey , slow ema 10 low red , & simple ema 10 close .
In the combination : in general, since those are different emas, you are combining different types of averages. Whenever different types of averages are combined anything (like that) can happen
As of trend biased price : very simple - if the close is above open, the price is close+high/2, otherwise it is close+low/2
Can you post a normal oma line adaptive with changeable filter, color change and alarm when turning and same one with additional atr-bands, please?
friend4you
Every OMA is adaptive
PS: what is "normal"?
Normal is line a moving average, not a combination with other indicators.
Which omas have these features like filter, color change, alarm?
Normal is line a moving average, not a combination with other indicators.
Which omas have these features like filter, color change, alarm?