One more average ... - page 13
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One more average heikens ashi smoothed made code compatible with new metatrader 4 : one_more_average_heiken_ashi_smoothed_nmc.mq4
Original was posted here : https://www.mql5.com/en/forum/179662/page2
mindsalike, you are welcome
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The "smoothed" version too
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Additional parameters : Difference in the post smoothing is not just "cosmeticall". For comparison, the upper is without post smoothing and the lower is with applied post smoothing : It depends on the purpose one wants to use this indicator for which kind of post smoothing would one apply. I set the default to a rather "slow" post smoothing (adaptive turned off slows it down significantly). Anyway, with additionally available options, now we can decide which version, how and when to use it. In my opinion (but please do not take it as a "guide" of any sort) Heiken Ashi (due to its nature and a time when it was invented when daily charts were prevailing) should be used on daily chart (something like this, where it can give a sort of a "general direction" of intra day orders that one would place, and with a proper profit targets it would even make a reasonably "safe" trading way (if "safe" can exist in forex at allPS: updated version compatible with the new metatrader 4 posted here : https://www.mql5.com/en/forum/179662
regards
mladen
One more average heiken ashi version with alerts added updated to be new metatrader 4 compatible : one_more_average_heiken_ashi__alerts_nmc.mq4
Original was posted here : https://www.mql5.com/en/forum/179662/page2
mindsalike,
Here it is. Added the rest of the alerts too so you can choose which ones would you like
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PS : updated version compatible with new metatrader 4 posted here https://www.mql5.com/en/forum/179662
regards
mladen
One more application of one more average ...
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I was reading a book by Mark Jurik and it reminded me of DMX indicator, Then, I started to look for it on metatrader and I did not find it (found some metatrader 3 versions but they were really far away from DMX should be (no smoothing at all, for beginning...). So ... decided to make one. According to Mark Jurik this is dmx(even if it tells bipolar DMI on the picture, in the subscription of the picture it is saying : "Compare the noisy magenta line to the blue line underneath. This new line is Jurik's DMX, the clear replacement for bipolar DMI. DMX offers a clean, jagged-free picture, allowing you to detect true market direction faster, and with greater accuracy. ")
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But, since I was already making it decided to make a version that uses one more average for smoothing instead of using Jurik smoothing. So here are 2 versions : the "Jurik smoothed" version and the one more average smoothed version. Default parameters are set so that they are almost the same (even though it is not a "fair" comparison since I had to turn the adaptive in the one more average post smoothing off in order to get similar results, and since Jurik smoothing is always adaptive, making the oma non adaptive is like taking 2 wheels of of a car in order to compare it)
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Anyway, here are the 2 : upper is the "Jurik" version, lower is the oma version Also, a word of warning : in the original DMX there is no phase change (or rather, it is fixed to 0). I decided to let it be changeable but if you use Phase different than 0 cases like this one on the picture, when the indicator overshoots out of its bounds, can happen :As far as I know, those overshooting are much, much smaller with oma version, but ... no guarantee, since there is no upper and lower bound check
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PS: updated version compatible with the new metatrader 4 posted here https://www.mql5.com/en/forum/179662
One more average Rsi Bands_mtf+alerts from here https://www.mql5.com/en/forum/179662/page8 was modified to work on new mt4 builds.
This is an oma adaptive rsi version of the Tarzan indicator, its mtf with alerts and in the channel the center ma can either be dots or line version.
ps) version upgraded to be compatible with new mt4 builds posted here https://www.mql5.com/en/forum/179662
RSX on one more average
RSX on one more average (RSX using one more average as a low lag filter for prices before calculating RSX of such a filtered price) made new metatrader compatible :
Original was posted here : https://www.mql5.com/en/forum/179662/page3
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Using low lag averages (smoothers) to correct some of the indicators problems
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Some normally very useful indicators like RSX, due to the nature of their calculation, tend to narrow ("flatten") the range they are showing if their periods are widened. In the case of RSX (as well as its predecessor RSI) are tending to center values of 50 as the periods are growing. Here is an example (RSX in this case, but keep in mind that RSX is a smoothed RSI) That is the reason why any serious study is recommending NOT to use periods larger than 10 for RSI (and RSX implicitly) Well, here is one solution that adds no lag to it and corrects that "flattening" problem : instead of using a raw price using a low lag smoothers like one more average. And, see the results :As you can see, the crosses are on the same place, but the ranges are dramatically enhanced (to the level that one can almost use the classical 20-80 levels for signals too)
I am including a version that uses Jurik smoothing too (as a comparison, default parameters are set to have the values as similar as possible) I know that it sounds like preaching, but even in this case it is clear that OMA is not lagging behind Jurik smooth (in some cases, quite the opposite) but for the sake of fair comparison I decided to include the both versions.
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PS: a little advice - the longer the RSX period the longer the smoothing period should be. But do not "oversmooth" : We still need those crosses as early as we can get them. I used smoothing length of 10 for RSX 50, for example
PPS : updated new metatrader 4 compatible rsx on oma posted here https://www.mql5.com/en/forum/179662 . Rsx on jurik smooth does not need updates
Rsx on oma using oma (one more average) signal line too for calculation made new metatrader 4 compatible : rsx_on_oma_with_oma_signal_nmc.mq4
Original was posted here : https://www.mql5.com/en/forum/179662/page3