William Snyder
9541
William Snyder  
emmany4:
Hello Mladen, thanks for the response. I think this is a non-decompiled version of the indicator with exactly what i had wanted you to do, when you set FirstSignalOnly=True. The problem is that when i place the Sidus-5 with this indicator on the same chart, with the same setting; it Skips some Signals (Turning Points), but when i set it to False, it works exactly the same. Pls help to correct this situation and also help to check for errors because it slows down my computer even when i reduce the Maxbars to 500, unlike the Sidus-5. Thanks in advance.

Sorry Emmany4, but that is a decompiled version too.

timmyhanke
539
timmyhanke  
mladen:
timmyhanke I was checking it and more or less it does the same as centered TMA regardless of those options (one is just delaying the calculation). better to use the regular way of calculating : much shorter code, and regardless of the name, the regular way is a bit more efficient

Thats too bad , can average methods be added to keltner channel ( others than Sma, Ema, Smma and Lwma .Because to come close to the result of the tma centered bands is to use ketler channel with Lwma if im right but the lines are to choppy so i thought if its possible to add averages and to add smoothing periods to it to smoothen the lines as much as possible.

also found this indicator that is supposed to be a ketler channel mod to try to make the same patterns as the tma.

So if you want to add averages to this version or someone other is up to you

tmachannel_end_point.mq4

Mladen Rakic
196861
Mladen Rakic  
timmyhanke:
Thats too bad , can average methods be added to keltner channel ( others than Sma, Ema, Smma and Lwma .Because to come close to the result of the tma centered bands is to use ketler channel with Lwma if im right but the lines are to choppy so i thought if its possible to add averages and to add smoothing periods to it to smoothen the lines as much as possible.

also found this indicator that is supposed to be a ketler channel mod to try to make the same patterns as the tma.

So if you want to add averages to this version or someone other is up to you

tmachannel_end_point.mq4

timmyhanke

Did you check this thread : https://www.mql5.com/en/forum/181241

End pointed centered TMA is equal to LWMA - any Keltner channel that can use lwma for central line will do

timmyhanke
539
timmyhanke  
mladen:
timmyhanke

Did you check this thread : https://www.mql5.com/en/forum/181241

End pointed centered TMA is equal to LWMA - any Keltner channel that can use lwma for central line will do

Yes but can smoothing methods be add to a keltner channel ?

Mladen Rakic
196861
Mladen Rakic  
timmyhanke:
Yes but can smoothing methods be add to a keltner channel ?

timmyhanke

both the middle line (which is linear weighted moving average) and bands (which are calculated adding average true range - again average) are already smoothed using some average. Adding some additional smoothing would add lag, but, yes, it can be done (with the lag problem of course)

timmyhanke
539
timmyhanke  
mladen:
timmyhanke both the middle line (which is linear weighted moving average) and bands (which are calculated adding average true range - again average) are already smoothed using some average. Adding some additional smoothing would add lag, but, yes, it can be done (with the lag problem of course)

Do you thinks its worth a try ? if yes i will try to find a good indicator to build on

Mladen Rakic
196861
Mladen Rakic  
timmyhanke:
Do you thinks its worth a try ? if yes i will try to find a good indicator to build on

OK will try that tomorrow

mntiwana
4900
mntiwana  
timmyhanke:
Do you thinks its worth a try ? if yes i will try to find a good indicator to build on

Dear Timmy,

is not strange,you are behind TMA, so seriously and interestingly (though it is not bad one and it is a nice indicator) when you have and you can have better than this....can i ask what specialty is in it that no other indicator can do it...so that i can get advantage of it too...thanks

regards

timmyhanke
539
timmyhanke  
mntiwana:
Dear Timmy,

is not strange,you are behind TMA, so seriously and interestingly (though it is not bad one and it is a nice indicator) when you have and you can have better than this....can i ask what specialty is in it that no other indicator can do it...so that i can get advantage of it too...thanks

regards

Its the whole pattern , everything makes sense in a way , if the market penetrates the upper band for example you go for a sell and it follows until it breaks the lower band so it is like a pinball between lines.

So for example if you are in a buy and the market jumps up lets say 50 pips and reached the upper band you firstly have the 50 pips gain and go for a sell directly after the bar touched the band so you get a 50 pips on the way down as well .

So it isnt like other indicators that changes colour on trend change because it would have changed the colour to a buy on the bar the 50 pips jump is and alert you to go for a buy the bar after and then the market maybe goes for a 50 pips drop directly after and alerts you for a sell after that 50 pips as well , so you misses the jump of 50 pips on the market and looses 50 pips on your sell . so you are always going to be a bar to late in most cases , but if you always trade against the market with a good indicator that can be trusted on you will always have the upper hand. thats why i searching every waken minute to find something that can replicate the results of the tma centered , and thats why i am obsessed with my request that i made to make the caterpillar indicator ( ssa bands) to a endpoint indicator because if it looks somewhat close to the ssa calculated caterpillar band thats good + it havnt been done before , just like the smoothed ketler channel so anything that its new and worth trying is good.

Hope you understand

mntiwana
4900
mntiwana  
timmyhanke:
Its the whole pattern , everything makes sense in a way , if the market penetrates the upper band for example you go for a sell and it follows until it breaks the lower band so it is like a pinball between lines.

So for example if you are in a buy and the market jumps up lets say....................................... , just like the smoothed ketler channel so anything that its new and worth trying is good.

Hope you understand

Timmy,

thanks for detailed answer,i am trying to look and understand inside your logic.....and will read all your previous posts/reply, again, for to better and exact understand.

regards