Can an alert be done on this indicator at color changes?
Lobito, added the color change alerts.
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.
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
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 ?
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
OK will try that tomorrow
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