Elite indicators - metatrader 5 version :) - page 49

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mladen:

Who would have thought that I will need the good old non repainting routine when using metatrader 5 (since it does not have any of the problems we had with multi color lines).

With momentum pinball the shadow in the previous version can repaint in one case.This version corrects that. But it also has the multi time frame (with or without interpolation), 3 choices of color changes and appropriate alerts added - so now it is a "complete" set of what  we are used to with regular mt4 indicators too


Can you add filters (like the the mt4 version)?
 
sebastianK:
Can you add filters (like the the mt4 version)?

sebastianK

Here is a version with filters


 
mladen:

sebastianK

Here is a version with filters


Thank you :)
 

New super passband filter

As it is described :

John Ehlers addresses the problem of frequencies in indicators that are too low or too high. The common practice to refine frequency is to enable smart filters. However, good filters take lots of computational power. So Ehlers shows us how to use filters while keep computing power relatively low.

This version is optimized, with usual set of alerts added and is multi time frame (supporting all the time frames supported by metatrader 5)


 

New version of T3 with floating levels

Indicator is made to be using newest set (22 types) of prices, and since it is using floating levels, it can change colors (and alert accordingly), using 3 different conditions :

  • when outer levels are crossed
  • when middle (zero) level is crossed
  • when the slope of T3 changes

Also, it is made multi time frame (with the usual set of all available time frames in metatrader 5)


Also, since we are using the "original T3" option in this, as a reminder, here is the original description of Bob Fulks and Alex Matulich what is changed in their way (of calculation :

By Bob Fulks, modified by Alex Matulich 4/2003

The T3 Average is essentially a low-pass filter, as are the traditional moving average and exponential moving average. The T3 Average, however, exhibits a steeper rolloff, resulting in better  filtering of high-frequency noise while better preserving the low-frequency components of a time series.

The "Length" parameter is divided by two to make the T3 Average's lag equivalent to the lag of the traditional moving averages. This way you can use the T3 Average as a drop-in replacement for Average or xAverage, and get the same lag but better noise filtering.
Files:
T3 floating levels.mq5  35 kb
 

And a very simple way how any indicator that is using floating levels can be converted to oscillator type of indicator - this is the T3 floating levels made to be an oscillator :


 
mladen:

And a very simple way how any indicator that is using floating levels can be converted to oscillator type of indicator - this is the T3 floating levels made to be an oscillator :


mladen,


t3 and t3 oscillator is a amazing media filter.. thank you very much for these components are help me a lot creating strategies 

 

New version of Guppy mma

It is made more up-to-date and multi time frame option added. Even though the original is based on EMA, we have an option chose which average type to use.

The original description (along with the rules) is this :

GUPPY MULTIPLE MOVING AVERAGE ™

This indicator was developed by Daryl Guppy. It is fully explained in TREND TRADING. Captures the inferred behaviour of traders and investors by using two groups of averages. Uses fractal repetition to identify points of agreement and disagreement which precede significant trend changes.

 

APPLICATION

Applied to understand the nature and character of the trend. Used to assess the degree and extent of trading activity. Excessive trading activity can destabilise strong trends. Trend analysis enables more effective selection of appropriate trading strategies such as breakout, trend continuation etc. Can be applied to long side and short side trading. Can be applied to intraday trading. Also used for longer term investment style analysis.


TACTICS

  • Join established trends at points of price weakness

  • Join established trends breaking to new highs

  • Trade breakouts using rally dips and rebounds

  • Trade downtrend rallies as rallies rather than trend breaks

  • Recognise trend breaks as they develop

 

RULES

  • Degree and nature of separation in the long term group define trend strength and weakness

  • Degree and nature of separation in the short term group define the nature of trading activity.

  • Degree and nature of separation between the two groups of moving averages define the character of the trend.

  • Compression shows agreement on price and value.

  • Compression of both groups at the same time indicate major re-evaluation of stock and potential for a trend change

  • Trade in the direction of the long term group of averages

  • The relationships between the groups provide the necessary information about the nature and character of the trend.

  • Do not use as a moving average crossover tool

 

ADVANTAGES

  • Enables effective analysis of the trend environment

  • Improves selection of the appropriate trading tactics 

  • Better understanding of trend strength

  • Effective evaluation of unusual price movements, such as dips and spikes

  • Effective understanding of trading activity and behavior

 

DISADVANTAGES

  • Not effectively applied to  trend less stocks

  • Cannot be applied to all trending stocks

  • Do not use as a moving average crossover signal

Coloring for the intermediate values is done automatically, so the actual number of parameters is small, and the indicator should be easy to use


Files:
guppy mma.mq5  15 kb
 

Relative volatility index

The Relative Volatility Index (RVI) by Donald Dorsey is a confirming indicator that measures the direction of volatility. The RVI is similar to the Relative Strength Index (RSI) except instead of daily price change standard deviation is used.

This indicator can use the fixed levels too (as the "basic" version - when floating level period is set to <=1) but in that case it clearly shows how introducing floating levels can completely change the nature of the indicator. This indicator has the floating levels (which you can turn off by setting the floating levels to less than 1), and it seems that it really needed something like that (like all rsi like indicators, long periods of relative volatility index tend to get flatter and flatter, and then the fixed levels are becoming useless).

Deviation from the original calculation is that smoothing is added. Without smoothing (when smoothing is set to <= 1), the results is "jumpy" and in order to avoid that kind of too much signals, smoothing was added. Even longer periods of smoothing can be used (it does not cause significant lag) - but some experimenting is advised

Indicator is already multi time frame version with alerts included


 
mladen:

Relative volatility index

This indicator can use the fixed levels too (as the "basic" version - when floating level period is set to <=1) but in that case it clearly shows how introducing floating levels can completely change the nature of the indicator. This indicator has the floating levels (which you can turn off by setting the floating levels to less than 1), and it seems that it really needed something like that (like all rsi like indicators, long periods of relative volatility index tend to get flatter and flatter, and then the fixed levels are becoming useless).

Deviation from the original calculation is that smoothing is added. Without smoothing (when smoothing is set to <= 1), the results is "jumpy" and in order to avoid that kind of too much signals, smoothing was added. Even longer periods of smoothing can be used (it does not cause significant lag) - but some experimenting is advised

Indicator is already multi time frame version with alerts included


Nice thanks :)
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