This is Elliot oscillator - metatrader 5 version ...
But it is not a conversion of "Elliot oscillator waves". I have decided to make this version using the new responsibilities of metatrader 5. And with leaving out the recalculating (repainting) parts of the "Elliot waves oscillator" this version becomes cleaner to use and without a need to eternally explain what is what on the chart
The indicator has the usual stuff.
4 types of averages :
simple moving average (the default and how the original Elliot oscillator is calculated)
exponential moving average
smoothed moving average
linear weighted moving average
Choice of color changes and alerts. Multi time frame capable already and the usual set of 22 price types
Also, another deviation has been made. The levels for Elliot oscillator are calculated using a modified (discontinued) ema calculation, except for the middle level. Middle level is calculated as an average of up and down level. That way the middle level is giving faster signals in is a kind of adjusting itself to volatility
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Upgraded DMI stochastic extreme - new level types :
Also, some code optimizations done
rartec4
That is Hull average. You have quite a few Hull averages that are already multi time frame versions
hi mladen
i dont have any one .would you please make this one mtf?
hi mladen
i dont have any one .would you please make this one mtf?
Here you go.
Dear Mladen,
I attach a relatively old indicator which nevertheless is still very interesting.
Could it be upgraded, or some new functionalities can be added to make it even better?
Dear Mladen,
I attach a relatively old indicator which nevertheless is still very interesting.
Could it be upgraded, or some new functionalities can be added to make it even better?
OK, thank you. Perhaps it could be made adaptive,
or filters, smoothing and so on can be added?
OK, thank you. Perhaps it could be made adaptive,
or filters, smoothing and so on can be added?
Not sure what can be done
Will check some more
Upgraded DMI stochastic extreme - new level types :
Also, some code optimizations done
do you have mt4 version of this indicator please post .. or is it only for mt5
This is Elliot oscillator - metatrader 5 version ...
But it is not a conversion of "Elliot oscillator waves". I have decided to make this version using the new responsibilities of metatrader 5. And with leaving out the recalculating (repainting) parts of the "Elliot waves oscillator" this version becomes cleaner to use and without a need to eternally explain what is what on the chart
The indicator has the usual stuff.
4 types of averages :
Choice of color changes and alerts. Multi time frame capable already and the usual set of 22 price types
Also, another deviation has been made. The levels for Elliot oscillator are calculated using a modified (discontinued) ema calculation, except for the middle level. Middle level is calculated as an average of up and down level. That way the middle level is giving faster signals in is a kind of adjusting itself to volatility