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Simply wonderful !
Good evening, Mladen!
My cordial appreciation for your GREAT CONTRIBUTIONthroughout the threads of TSD!!! A lot of thanks for this extraordinary job, especially ! Best regards and green pips, Mikhael.
Dear Mladen
Could you please make the Hilo jurik smooth indi in a separate chart, with bar?
I tried making it myself by putting SetIndexStyle(0,DRAW_HISTOGRAM,0,2);
It achieved the bar in separate chart, but i think it is repainting on last bar.
Could you please help me?
and another question, if I put smoothphase to be really large (4000), it looks better. Is there any bad side effect from this?
Thanks alot for sharing this wonderful indi
yuhu,
First about the phase : in Jurik's smoothing phase 100 is the one with most "overshooting" and phase "-100" is the one with lest "overshooting". (the indicator itself ignores values greater than 100 and less than -100, that is why I am talking about 100 and -100) So with +100 you might get some more signals (due to "faster" movements the averages do). The "ignore part" is a bit hidden in the codeMladen
Dearest Mladen
It is exactly what I am looking for!.
Thank you very very much for your explanation and help.
Looking forward to the OMA version of it.
Have a nice day!!!
Mladen,
Could you please advise how to put these indicators in 2 separate windows, one below the other?
Thanks, Janusz
Using low lag averages (smoothers) to correct some of the indicators problems
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Some normally very useful indicators like RSX, due to the nature of their calculation, tend to narrow ("flatten") the range they are showing if their periods are widened. In the case of RSX (as well as its predecessor RSI) are tending to center values of 50 as the periods are growing. Here is an example (RSX in this case, but keep in mind that RSX is a smoothed RSI) That is the reason why any serious study is recommending NOT to use periods larger than 10 for RSI (and RSX implicitly) Well, here is one solution that adds no lag to it and corrects that "flattening" problem : instead of using a raw price using a low lag smoothers like one more average. And, see the results : As you can see, the crosses are on the same place, but the ranges are dramatically enhanced (to the level that one can almost use the classical 20-80 levels for signals too)I am including a version that uses Jurik smoothing too (as a comparison, default parameters are set to have the values as similar as possible) I know that it sounds like preaching, but even in this case it is clear that OMA is not lagging behind Jurik smooth (in some cases, quite the opposite) but for the sake of fair comparison I decided to include the both versions.
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PS: a little advice - the longer the RSX period the longer the smoothing period should be. But do not "oversmooth" : We still need those crosses as early as we can get them. I used smoothing length of 10 for RSX 50, for exampleJanusz
I am not sure if I understand the question correctly. If you mean like these on the first picture, than simply double click each, set the parameters, and they will be active on the chart If you mean one over the other (like this), then after placing the first drag the second to the target sub-window regardsmladen
I meant the top one. That was a quick answer. Thanks. Janusz
Janusz I am not sure if I understand the question correctly. If you mean like these on the first picture, than simply double click each, set the parameters, and they will be active on the chart If you mean one over the other (like this), then after placing the first drag the second to the target sub-window regards mladen
Can someone make a MTF version of Guppy OMA Oscillator and add three alert options that alerts on close when the fast and slow cross each other and when they cross zero?
thanks,
jim
thanks a lot mladen.............
jim
mladen,
I was testing Guppy OMA Oscillator alerts MTF and I was getting alerts every few seconds even though the alertoncurrent is set to false.
Here are my settings:
Current TF
alerton - true
alertoncurrent - false
alertonlinecross - true
alertmessage - true
The rest of the alerts are false.
Could you take a look at the indicator?
Thanks,
Jim