One more average ... - page 11

RWP
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RWP  
mladen:
Both hav their pros.

But first about "Jurik": what we have here is better than the original (response in the times of sudden price changes is better than the original Jurik - I think I wrote a post about how it was done (the improvement) so I rather call it simply "smooth" since the original calculation is changed by a lot). It is very good at very sharp value changes and in that part is better than OMA

OMA on the other hand is so adaptive that it is like a chameleon - it can act like almost all averages I have ever seen. At the times of very sharp changes of value it is a bit smoother than the "Jurik" but it does not overshoot, so even in those times it tends to be a bit more of use.

The rest is simply a matter or preferences and needs - for some things I prefer OMA, for some "smooth", but you can not be too wrong with either of it

Thanks for your opinion, it helps. Cheers.

RWP
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RWP  

Hey Mladen,

Can you create a histogram version of the OMA in multitimeframe?

Further, on page one, I see you have ATR bands for OMA, will you also alter that to be in multitimeframe?

Please help, thank you!

san4x
324
san4x  
rayphua:
Hey Mladen,

Can you create a histogram version of the OMA in multitimeframe?

Further, on page one, I see you have ATR bands for OMA, will you also alter that to be in multitimeframe?

Please help, thank you!

Hi,

Here's OMA ATR Bands non lag MTF + arrows, it was already posted somewhere on this forum, I modded looks a bit as well as shortname in indicator window. See screenshot below.

Regarding a histogram version of OMA, how would that look like? What's your objective?

Do you want to show distance between price and OMA perhaps?

Cheers, Snow

san4x
324
san4x  

mladen,

When you have some time, can we look at this idea: make the bands of oma-envelopes based on atr?

At current indicator, the bands are 'fixed' according to settings in the indicator.

I'd like to keep those settings, but I'd love to see what happens if the bands would be widened/narrowed by ATR.

Hope this makes sense.

Cheers, Snow

Files:
Mladen Rakic
154233
Mladen Rakic  
Snowski:
mladen,

When you have some time, can we look at this idea: make the bands of oma-envelopes based on atr?

At current indicator, the bands are 'fixed' according to settings in the indicator.

I'd like to keep those settings, but I'd love to see what happens if the bands would be widened/narrowed by ATR.

Hope this makes sense.

Cheers, Snow

Snow

Here you go. Use AtrPeriod and Atr multipliers for bands

________________________

Updated version compatible with the new metatrader 4 posted here https://www.mql5.com/en/forum/179662

san4x
324
san4x  

Thanks mladen...excellent and amazingly fast...!

Tried it myself but got caught up in the code, will see how you did it for learning purposes.

Have a great weekend, San

RWP
537
RWP  
mrtools:
Hi Gorick,

Check out this one, just using oma, looks very smooth and fast, especially on multitimeframe, also added alerts on slope or zero line cross and arrows the same way.

oma_macd_mtfalertsarrows.mq4

Hi Mr. Tools or Mladen, could you consider creating a QQE indicator out of the OMA indicator above? Please, thanks for your consideration!!

Mladen Rakic
154233
Mladen Rakic  

One more average RSI ...

This is an indicator similar to averages RSI except that this one uses One more average for the purpose of calculation. Apart from bringing smoothness to the rsi value, due to the adaptive ability of one more average, it maintains fast response even for low "Speed" values of one more average

As an example - orange is one more average RSI and green is same period RSI (from the example one more thing becomes obvious - this indicator is not an oma smoothed RSI, but a different way of internal rsi calculation) :

Mladen Rakic
154233
Mladen Rakic  

One more average QQE

rayphua:
Hi Mr. Tools or Mladen, could you consider creating a QQE indicator out of the OMA indicator above? Please, thanks for your consideration!!

rayphua

Try out this one

Some words of explanation : since the basis of QQE indicator is RSI, it seemed appropriate to make an QQE using the latest one more average rsi. So, this one does not use "classical" rsi in calculation but instead oma rsi.

This is the result of it (unlike the "classical" one due to adaptive nature of one more average it seems that t is better to use longer rsi periods of this QQE) :

Files:
RWP
537
RWP  
mladen:
rayphua

Try out this one

Some words of explanation : since the basis of QQE indicator is RSI, it seemed appropriate to make an QQE using the latest one more average rsi. So, this one does not use "classical" rsi in calculation but instead oma rsi.

This is the result of it (unlike the "classical" one due to adaptive nature of one more average it seems that t is better to use longer rsi periods of this QQE) :

Hi Mladen, think you could possibly add multitimeframe to this? Thanks so much!!