Adaptive lookback indicators - page 114
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Are we going to see more mt5 versions now?
Alma - floating levels version (which implicitly makes it a sort of adaptive look back indicator), with alerts and multi time frame, newest set of prices included (metatrader 5 version)
Adaptive "QWMA"
This adaptive indicator is not the same as the rest of the adaptive indicators in this thread. Unlike the rest, this version is not adapting the calculation period, but it is adapting the "speed" it uses for calculation.
That way it makes it a kind of a unique adaptive "look-back" indicator since it does use the past data to check for the volatility (the simplest way there is : standard deviation and its simple average) and then that volatility is used to speed the average up if the volatility requires it. The period is always the same and there is no artificial "speeding up" making the basic period shorter then the required (in this indicator it is never shorter than the period specified in the parameters) - instead it is applying faster and faster and faster average type as the volatility requires
For a comparison : the above is an equivalent of adaptive SMA. See how adaptive qwma (100) compares to regular SMA(100) - the gray line is the regular SMA
You can still chose the "speed" and that speed is going to be used as the basic speed (it will not go bellow that, it will only be faster - if required by volatility), so that makes this indicator an adaptive average of a whole range of different averages (see some more explanation about this qwma here : https://www.mql5.com/en/forum/175037/page937 )
And the "qwma" that has a "double smoothing" option too
And the "qwma" that has a "double smoothing" option too
And the "qwma" that has a "double smoothing" option too
QWMA - adaptive ...
This is the version with the floating levels, alerts and multi time frame and with an addition of a choice to calculate the average using adaptive calculation or not.
The adaptive calculation for this indicator, as in mt4 versions too, does not alter the calculating period - only the speed is altered. That way it makes it responsive to volatility but without "speeding up" (shortening the calculating period) which makes it a sort of a unique adaptive average type (thanks to its "speed" part)
The rest is as described here : https://www.mql5.com/en/forum/180596/page38
Mladen, how to use this option in the best way (used correctly) and for which he is responsible?
QWMA - adaptive ...
This is the version with the floating levels, alerts and multi time frame and with an addition of a choice to calculate the average using adaptive calculation or not.
The adaptive calculation for this indicator, as in mt4 versions too, does not alter the calculating period - only the speed is altered. That way it makes it responsive to volatility but without "speeding up" (shortening the calculating period) which makes it a sort of a unique adaptive average type (thanks to its "speed" part)
The rest is as described here : https://www.mql5.com/en/forum/180596/page38