# Requests & Ideas - page 207

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MTF version of FXCorrelator

Hi,

I found this FXCorrelator indicator on one of the forums.

Is it possible to make an mtf version of it.

Thanks,

dshay

fxcorrelator.mq4

Files:
163390

dshay:
Hi,

I found this FXCorrelator indicator on one of the forums.

Is it possible to make an mtf version of it.

Thanks,

dshay

fxcorrelator.mq4

dshay

Did you check the one from this post : https://www.mql5.com/en/forum/179807/page132 ?

63

Many thanks,

dshay

163390

wintersky111:

Sorry to trouble you again... It's me & my investigation of statistical properties again = Danggg. Is it possible if you could code a Trimmed Absolute Deviation from the Mean & a Trimmed True Range using the below attached "SQ 2.01" indicator format? I know that the trimmed method isnt efficient as compared to the other methods but at least it makes for less computational power and easier coding. The exact implementation format (for instance in % trim format or instead in data sample size number trim format) etc etc as you see fit.

Thanks thanks!

Truncated mean - Wikipedia, the free encyclopedia

Yours sincerely,

Wintersky

A question : if I replace the mean in the absolute deviation formula with truncated mean - is that what you are looking after? I mean the absolute deviation formula as described here : Absolute deviation - Wikipedia, the free encyclopedia

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A question : if I replace the mean in the absolute deviation formula with truncated mean - is that what you are looking after? I mean the absolute deviation formula as described here : Absolute deviation - Wikipedia, the free encyclopedia

No, im not looking for that. Sorry i probably didn't put myself clearly. I meant to look for the trimmed absolute deviation (AD), for which the AD is just made up of the basic simple mean (no trimming of mean here).

In further explanation, i've ranked the below on effects of data outlier effect/kurtosis effect, for which i'm looking for the 4th one. Hope this makes things clearer:

1st: Standard Deviation

2nd: Absolute Deviation

3rd: Absolute Deviation of Trimmed Mean

4th: Trimmed Absolute Deviation of Mean

5th: Trimmed Absolute Deviation of Trimmed Mean

Although in reality, the 3rd version and the 4th version above are quite similar using trimming once, but the fact that there is a location estimator (mean) and a scale estimator (deviation) combined in each of them with the final output being scale estimation, makes the 4rd version more single-outlier resistant than the 3rd version, though at the cost of increased overall error in variance level estimation. The usual Type 1 and Type 2 error statistical tradeoffs showing it's presence here that is.

Yours sincerely,

Wintersky

537

Raymond You are correct : in mtf mode it did not work correctly even though it worked correctly in regular mode. Here is the correct one (see the example of the 2 compared with same parameters - 1 hour time frame both)

Dear Mladen, sorry to have to trouble you again.

1. I would like to have a similar indicator of the one you did with Blau TSI candles, but this time for the Blau TVI indicator as attached. I would like to have the option of coloring on zero cross, slope change, and signal cross as well.

2. Regarding the Blau TVI indicator, can you also update it so that it would also alert based on the same 3 options; zero cross, slope change, and signal cross.

Thank you very much Mladen. Again, sorry for the trouble.

Files:
9493

Re:tvi tsi

rayphua:
Dear Mladen, sorry to have to trouble you again.

1. I would like to have a similar indicator of the one you did with Blau TSI candles, but this time for the Blau TVI indicator as attached. I would like to have the option of coloring on zero cross, slope change, and signal cross as well.

2. Regarding the Blau TVI indicator, can you also update it so that it would also alert based on the same 3 options; zero cross, slope change, and signal cross.

Thank you very much Mladen. Again, sorry for the trouble.

Files:
537

mrtools:

Thank you very much Mr. Tools!!! There is still the TVI indi request I made to have those same 3 options as alerts, would you be so kind to assist on that? Thank you!!!

9493

rayphua:
Thank you very much Mr. Tools!!! There is still the TVI indi request I made to have those same 3 options as alerts, would you be so kind to assist on that? Thank you!!!

The Tvi I posted also has the 3 different alerts as well, also something I forgot to mention you can use any option of alert regardless of what color option you use, if you use color = 2 you can use color 2 alert along with color 1 alert, etc.

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mrtools:
The Tvi I posted also has the 3 different alerts as well, also something I forgot to mention you can use any option of alert regardless of what color option you use, if you use color = 2 you can use color 2 alert along with color 1 alert, etc.

Yes, currently have it on the chart and realized that this was what you did. Ingenious work Mr. Tools! I was just thinking that if we could have a stand-alone TVI that has the same properties without relying on candle alerts (in case of whatever reason the TVI candle indicator isn't used), it would be better.