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Looking for an Indicator who pay attention to important local maximum and important local minimums...

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cyberglassed
608
cyberglassed  

Hello folks, do you know some indicator which output a line as the blue one on the following chart?

I drawed the blue line by hand.

the red line is a 20 period simple moving average and

the yellow line is a 4 period simple moving average

but those moving averages are not what i want because they change their slopes too many time and

I want some indicator that doesn't change the slope too much and who give me something like important local minimums and important local maximums.

It could be straigth lines between important local maximums and important local minimums (and viceversa) but if It is not straigth like in the following image (smoothed), then better.



Regards, Cyberglassed.

Rodrigo Malacarne
Moderator
10565
Rodrigo Malacarne  
Please take a look at the Donchian Channel indicator.
Alain Verleyen
Moderator
33593
Alain Verleyen  
cyberglassed:

Hello folks, do you know some indicator which output a line as the blue one on the following chart?

I drawed the blue line by hand.

the red line is a 20 period simple moving average and

the yellow line is a 4 period simple moving average

but those moving averages are not what i want because they change their slopes too many time and

I want some indicator that doesn't change the slope too much and who give me something like important local minimums and important local maximums.

It could be straigth lines between important local maximums and important local minimums (and viceversa) but if It is not straigth like in the following image (smoothed), then better.



Regards, Cyberglassed.

Maybe JMA.

I wonder how you can draw such line "by hand" ?

JMA adaptive average
JMA adaptive average
  • votes: 10
  • 2011.09.14
  • Nikolay Kositsin
  • www.mql5.com
Using JMA adaptive moving average is the best way to smooth price ranges with a minimum time lag.
cyberglassed
608
cyberglassed  
angevoyageur:

Maybe JMA.

I wonder how you can draw such line "by hand" ?

I think this indicator can help me angevoyageur, thank you.

I used Photoshop/Pen tool, then not exactly with hands but almost ;)

Alain Verleyen
Moderator
33593
Alain Verleyen  
cyberglassed:

I think this indicator can help me angevoyageur, thank you.

I used Photoshop/Pen tool, then not exactly with hands but almost ;)

LOL
cyberglassed
608
cyberglassed  

By the way, do you know some indicator which informs me about the slope of a moving average?

some kind of slope wherever?

I don't know how can I call this kind of indicators.

Alain Verleyen
Moderator
33593
Alain Verleyen  
cyberglassed:

By the way, do you know some indicator which informs me about the slope of a moving average?

some kind of slope wherever?

I don't know how can I call this kind of indicators.

There is a lot of "slope" indicator in the codebase.
cyberglassed
608
cyberglassed  
Malacarne:
Please take a look at the Donchian Channel indicator.
Malacarne thank you for your recommedation!
Rodrigo Malacarne
Moderator
10565
Rodrigo Malacarne  
cyberglassed:
Malacarne thank you for your recommedation!
You're welcome! :-)
ANTHONY ONOJETA
690
ANTHONY ONOJETA  
You may use a more less period and the try it on an exponential moving average
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