Is it possible to have a color change with an alert when the last bar closes above /below price for this one.
thanks a lot for being so professional Mr Mladen.
Frankly I thought that it will give much more alerts than it actually does so I was testing it. In the flat phases it tends to give more alerts so one has to be careful with it in flat periods, but, all in all, there is less alerts than one would assume when looking how tight the optimal tracking filter values are compared to prices
Mladen,will it be possible to do a MTF version?
Flytox,thanks for sharing the filter,I think it is good for scalping or for triggering entries in the lower timeframes in direction of higher timeframes trend.
I moved your post again here. Please do not post indicators that are from advanced elite or elite in public threads
As far as the request is considered, if I understand correctly you need a multi time frame version so here it is
Here you go
What do you eat for breakfast ?
REQ)CFB dynamically adjusting RSX Mtf Indicator For MT4
You can create more sophisticated analysis by combining Jurik Tools in various ways.
The chart shows RSX, whose speed is modulated by CFB. CFB measures trend length, so when a reversal occurs, the CFB signal drops significantly. This gives us the opportunity to use that behavior to control RSX speed, so when a reversal occurs, RSX "length" is shortened and consequently, made faster.
In comparison, plain RSX is shown as a colored line. The CFB modulated RSX crosses back over the zero line faster right after a reversal.
Is There Is Any Indicator Similar To Looks In Image If Yes Please Share If No please Create
Thanks In Advance
Here is one version of rsx cfb adapted
Versions that Jurik is posting there are using what he calls "infinite length stochastic" in order to adapt rsx with a help of cfb and that "infinite length stochastic" is just another word for repainting (it is supposed to use whole history to find minimums and maximums and that way it is "remembering" extremes from long, long ago and when the number of used bars changes it repaints all the values backward).
Instead here is another way of using cfb for adapting rsx. You have to experiment a bit with short and long lengths (in short rsx length is going to vary between ShortLimit and LongLimit - assumption is that higher cfb values mean that there is strong trend and then the calculation length is longer and opposite for small cfb values - in that case it means that there is no trend and that rsx should react to all changes as quick as possible) and also with Cfb normalization period (the shorter the period, the faster the "reaction" should be)
Thanks as always for your brilliant work. Very interesting stuff.