Some changed and some upgrades (now mt4 version can do the stuff mt5 version does)
An example when sma is used for calculation
Thanks for upgrading,i tried a bit how mt4 ver act as mt5 doing :)
New version of sentiment zone oscillator posted here : https://www.mql5.com/en/forum/175037/page974
This indicator have always puzzled me. I thought that it is too choppy for usage, yet the math behind the whole thing is logical, an did not know ho to avoid the "choppiness"that makes it almost unusable. That is why the previous version (with filtering) was made.
This is one step further : sentiment_zone_oscillator_-_averages.ex4
And a possible solution. The example below uses Ahrens average for calculation instead of default tema average. And the results are starting to look much more logical. Some testing recomended, but with a choice of 29 averages types and 20 price types, probably it is closer to usable solution
PS: for some users that are looking for "custom time frames" - this version has that solved too, some run time testing will be conducted, but i think that it is solved
Mladen, you could put choose symbol , to indicator, sentiment oscillator ?