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.
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
Was already working on multi time frame version of it when you posted so here it is.
Updated version compatible with new metatrader 4 posted here : https://www.mql5.com/en/forum/179662
Inverse Fisher transform of oma RSI
This is an inverse fisher transform of one more average RSI indicator.
As John Ehlers tells "The result of using the Inverse Fisher Transform is that the output has a very high probability of being either +1 or –1. This bipolar probability distribution makes the Inverse Fisher Transform ideal for generating an indicator that provides clear buy and sell signals" so it makes the indicator itself a it easier to use when buy/sell signals are concerned
Still the rule that since one more average is adaptive, it is probably better to use somewhat longer RSI periods, stands. Also, in this one even the post smoothing is done by one more average, so this is a sort of "all one more average" type indicator
Fisher transform of one more average RSI
To conclude the one more average RSI series for now : this is a Fisher transform of one more average RSI
The Fisher transform emphasizes the RSI values and that way gives a bit easier readings for overbought and over sold levels. Made multi time frame already (as it is obvious from the example picture)
Updated version compatible with the new metatrader 4 posted here : https://www.mql5.com/en/forum/179662
Rsioma using one more average to filter prices made new metatrader 4 compatible : rsioma_-_oma_pre-filtered_nmc.mq4
Original was posted here : https://www.mql5.com/en/forum/179662/page8
Kaufman ama one more average pre filtered made new metatrader 4 compatible : kaufman_-_price_filtered_oma_nmc.mq4
Original was posted here : https://www.mql5.com/en/forum/179662/page9
Kaufman AMA - price filtered oma
Kaufman adaptive moving average with one more average used for pre-filtering.
Frankly, this is the version I like the most eben though the other versions I posted today have their merits too (it is a subjective judgement from visual inspection though). For some more details about the whole idea please read this post : https://www.mql5.com/en/forum . Pitty that I can not make that kind of gradient coloring for metatrader 4 because then it would be close to what I imagine that this indicator should serve for, but I hope that even with "just" slope coloring it is useful
PS: stopping spamming with Kaufman ama pre-filtered versions Enough of it for one day
PPS: updated version compatible with the new metatrader 4 posted here https://www.mql5.com/en/forum/179662
Kaufman ama one more average pre filtered multi time frame version made new metatrader 4 compatible : kaufman_-_price_filtered_oma_mtf_nmc.mq4
Rayphua, this is the mtf version, showing 4 hour on hourly chart.
New metatrader 4 compatible version posted here : https://www.mql5.com/en/forum/179662
Smoothed Rsi Inverse Fisher Transform that uses one more average pre-filter the price made new metatrader 4 compatible (and some small things added - in order to avoid weird ways how metatrader compares values) : smoothed_rsi_inverse_fisher_transform_oma_nmc.mq4
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