Elite indicators - metatrader 5 version :) - page 56

Mladen Rakic
156529
Mladen Rakic  
nevar:

Mladen,

Can you normalize it? 

What type of normalization do you have in mind?
nevar
459
nevar  

Mladen

I guess +,0,- values should give meanningful results, thanks.

Mladen Rakic
156529
Mladen Rakic  
nevar:

Mladen

I guess +,0,- values should give meanningful results, thanks.

I hope that I understood correctly

This is a version that is shifted to separate window and it has an option to "be adjusted" to the zero line (the lower case on the example picture - that is the default state of the indicator)


Mladen Rakic
156529
Mladen Rakic  

Some more on quantile bands ...


First the base :

In statistics and the theory of probability, quantiles are cutpoints dividing the range of a probability distribution into contiguous intervals with equal probabilities, or dividing the observations in a sample in the same way. There is one less quantile than the number of groups created. Thus quartiles are the three cut points that will divide a dataset into four equal-size groups (cf. depicted example). Common quantiles have special names: for instance quartile, decile (creating 10 groups: see below for more). The groups created are termed halves, thirds, quarters, etc., though sometimes the terms for the quantile are used for the groups created, rather than for the cut points.

q-Quantiles are values that partition a finite set of values into q subsets of (nearly) equal sizes. There are q − 1 of the q-quantiles, one for each integer k satisfying 0 < k < q. In some cases the value of a quantile may not be uniquely determined, as can be the case for the median (2-quantile) of a uniform probability distribution on a set of even size. Quantiles can also be applied to continuous distributions, providing a way to generalize rank statistics to continuous variables. When the cumulative distribution function of a random variable is known, the q-quantiles are the application of the quantile function (the inverse function of the cumulative distribution function) to the values {1/q, 2/q, …, (q − 1)/q}.

All the "bands" version of quantile bands are using 3 prices. This version is not. It is suing only one price, and for having an option to make a (substantial) difference between high and low, you can chose the period for finding out high and low value(s), But even without that (when the high/low period is set to <=1) the bands calculation itself does the job OK, and in most of the cases there is no need at all to have high/low period activated at all. Here is such an example


Now the reason for the "generalized in the name :

This indicator can be applied to any other indicator too. So, it does not necessarily need to be applied to prices. And some of the usage like that (just a quick example of quantile bands applied to rsi and stochastic) can give quite interesting results



PS: some will notice the lack of multi time framing in this version. The reason is simple : since the indicator is meant to be applied to other indicators, it can not implement multi time framing - it depends on the source of data, and the source itself dictates what is it that the indicator will use for calculation
whisperer
1881
whisperer  
mladen:

I hope that I understood correctly

This is a version that is shifted to separate window and it has an option to "be adjusted" to the zero line (the lower case on the example picture - that is the default state of the indicator)


Can we have the mt4 version too?
Mladen Rakic
156529
Mladen Rakic  

MACD that uses qwma (as described here : https://www.mql5.com/en/forum/175037/page937 )


Depending on the "spoed" parameter, it can calculate the whole range of "hybrid" averages that qwma can calculate, without ever changing the periods

Indicator is already multi time frame version with the usual set of alerts and prices included


Files:
Mladen Rakic
156529
Mladen Rakic  

QWMA with some "extensions" ...



This is the"regular version of QWMA (what used t mean "quadratic weighted moving average"). The "quadratic" part doe not stand any more, but decided to keep the name (it is kind of catchy :)).

This version :

  • has a choice to use floating levels or not (if the floating levels period is set to <= 1, the levels will be ignored and the coloring automatically switches to coloring on slope
  • has a choice of different color changes - color change on slope change, middle level cross or outer level cross
  • same setting is used by the alerts that are already part of the indicator
  • and it is multi time frame

Usual set of prices can be explored and the usual set of alerts (messages, sounds, emails, push notifications - on still opened or already closed bar)

And the usual "speed" of the qwma that can be experimented with. The common settings :

  • 0 - for simple moving average
  • 1 - for linear weighted moving average
  • 2 - for "quadratic" weighted moving average

But since the "speed" does not have to be integer, all the value between those values and values larger than those values can be used, and that makes it a limitless number of some sort of new average types (the calculating period is never changed)


Files:
QWMA.mq5 31 kb
Mladen Rakic
156529
Mladen Rakic  

QWMA ribbon


This is a version that can be applied to other indicators too.


Files:
Mladen Rakic
156529
Mladen Rakic  

Rsi that is using adaptive T3 for filtering - with some upgrades (some possible issues solved). It can calculate the usual 6 types of RSI :

  • Regular RSI
  • Cuttler's RSI
  • Haris' RSI
  • Rapid RSI
  • RSX
  • Slow RSI



myname
3231
myname  
mladen:

QWMA with some "extensions" ...



This is the"regular version of QWMA (what used t mean "quadratic weighted moving average"). The "quadratic" part doe not stand any more, but decided to keep the name (it is kind of catchy :)).

This version :

  • has a choice to use floating levels or not (if the floating levels period is set to <= 1, the levels will be ignored and the coloring automatically switches to coloring on slope
  • has a choice of different color changes - color change on slope change, middle level cross or outer level cross
  • same setting is used by the alerts that are already part of the indicator
  • and it is multi time frame

Usual set of prices can be explored and the usual set of alerts (messages, sounds, emails, push notifications - on still opened or already closed bar)

And the usual "speed" of the qwma that can be experimented with. The common settings :

  • 0 - for simple moving average
  • 1 - for linear weighted moving average
  • 2 - for "quadratic" weighted moving average

But since the "speed" does not have to be integer, all the value between those values and values larger than those values can be used, and that makes it a limitless number of some sort of new average types (the calculating period is never changed)


Any mt4 version?