Indicators without Period input (number of bars)

frcardim
23

Hi,

I think that main problem with EA´s is that market change cycles amplitude (high to low) and time/period (number of bars).

For amplitude we can use on indicator fixed channel, bollinger band, DSL (discontinue signal line), Float Level, VHF(vertical horizontal filter) and so on. 

But for period/number of bars is more complicated ! Does anyone have a suggestion of good indicators that do not use period as input parameter ?


For example vwap, serial ma https://www.mql5.com/en/code/20054,  DynamicRS_Channel https://www.mql5.com/en/code/2354, gann swing https://www.mql5.com/en/code/22793, high low of previous day, pivot etc

I see that in past in this forum was a topic ALB "adaptive loopback" that try to fix period problem, but I test and do not have good result.


Thanks´! and good trades for all !
DynamicRS_Channel
DynamicRS_Channel
  • www.mql5.com
An indicator of the series of simple indicators without averaging. It is implemented as a channel with a fixed width.
Fernando Carreiro
9732
frcardim: I think that main problem with EA´s is that market change cycles amplitude (high to low) and time/period (number of bars). For amplitude we can use on indicator fixed channel, bollinger band, DSL (discontinue signal line), Float Level, VHF(vertical horizontal filter) and so on. But for period/number of bars is more complicated ! Does anyone have a suggestion of good indicators that do not use period as input parameter? For example vwap, serial ma https://www.mql5.com/en/code/20054, DynamicRS_Channel https://www.mql5.com/en/code/2354, gann swing https://www.mql5.com/en/code/22793, high low of previous day, pivot etc. I see that in past in this forum was a topic ALB "adaptive loopback" that try to fix period problem, but I test and do not have good result.

That is the age old illusive “holy grail” that every wants to achieve — the dynamic, adaptive, self-adjusting moving average or other type of indicator that follows the price quotes well.

No one has achieved it perfectly, but there have been many approximations, like the examples you gave and others like the Adaptive Moving Average or the Variable Index Dynamic Average and others.

Others have approached the problem differently, by using non-standard charts, like Constant Volume Bars, or Constant Range Bars, Renko, Point & Figure, 3 Line Break, etc.

There are advantages and disadvantages to each indicator or charting method. None are perfect. It all depends on the knowledge and skill of the trader or coder, to best adapt them to the trading strategies used.