Various - page 59

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morenokosta:

Thanks still for your availability and the patience

Mladen excuses to bother you again

I like the daily candle you have in your chart, where can I find it?

morenokosta

It was posted (a couple of versions) here : https://www.mql5.com/en/forum/178698

 
mladen:

morenokosta

It was posted (a couple of versions) here : https://www.mql5.com/en/forum/178698

Thanks again and good weekend

 
mladen:

Wulong

No need to wait for so long Here it is : rsx_variation_1_1.ex4

Thanks Mladen, makes my 'work' a lot easier. :)

 

Hi mrtool

Cant down the dual stoch - divergences 2 nrp + alerts.mq4

Pls fixed it.

Regards.

 
mladen:
...

This one is from the book a friend sent to me : "Evidence-Based Technical Analysis Applying the Scientific Method and Statistical Inference to Trading Signals" from David A Ronson.

_____________________________

In one place (starting from page 430 ) the author is mentioning the use of stochastic (he calls it a "Channel normalization operator" but from a definition of it it is clear that it is what we usually refer to as "Stochastic") to detect divergences of two symbols. The idea itself is simple and that is why I like it : 2 stochastics of a smoothed price are calculated for the current symbol and for the symbol that is used to comparison. Then the difference of those 2 stochastics is calculated. The a further enhancement is done by one additional stochastic applied to this difference in order to get clearer and more usable values.
Rules types would be the following :
And the description of the rules to trade : The 12 rules are the following :
PS: author uses S&P 500 as base symbol but in my opinion we can use symbols we know are highly correlated (like the example on the picture GBPUSD used for base symbol on a GBPJPY chart) and in that case the indicator should give meaningful results PPS: I decided not to draw the 50 line but instead to have something that could be called a "no divergence channel" in the middle of the indicator

This is a small upgrade of the dual stoch divergence indicator :

____________________

PS: for clarification how it works and how it should be used, please go to the original post too

Files:
dual_stoch_divergence.png  118 kb
 
blueface:
Hi mrtool

Cant down the ls fixed it.

Regards.

Blueface, just tested it and it's working for me, will double check it and make sure.

 
blueface:
Hi mrtool

Cant down the dual stoch - divergences 2 nrp + alerts.mq4

Pls fixed it.

Regards.

Blueface this is it on my broker, double and triple checked the code and can't find where it could be causing you problems, only thing I can think of if your broker has for example a m after it like EURUSDm make sure and enter it with the suffix or prefix before or after the currency pair.

Files:
dd_nrp.png  46 kb
 
mrtools:

Blueface this is it on my broker, double and triple checked the code and can't find where it could be causing you problems, only thing I can think of if your broker has for example a m after it like EURUSDm make sure and enter it with the suffix or prefix before or after the currency pair.

Hi mrtools

dual stoch - divergences 2 nrp + alerts.mq4

https://www.mql5.com/en/forum

I cant download it,I use chrome

 
blueface:

Hi mrtools

dual stoch - divergences 2 nrp + alerts.mq4

https://www.mql5.com/en/forum

I cant download it,I use chrome

Weird i'm using chrome too.

 

Me too, me too, with Firefox. Something went wrong. The '&=d' at the end gives a hint that there was a number cut and is missing now. https://www.forex-tsd.com/filedata/fetch?id=1769318&=d

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