Originally Posted by newdigital

And look at this system: it is BB indicator (almost standard one but Jurik), one of the digital filter and digital NRTR for trailing stop.

Attachment 30663

Originally Posted by Malcik

Hi newdigital,

Interesting stuff with this NRTR indicator... could you please post the MQL4 file for it? Or is it in the ZIP file posted two pages back by Linuxser? What is its name? I couldn't find it there...

Thanks!

Originally Posted by Pecunia non olet

Some fun with CFB.

....Specifically CFB Adaptive Polarized Fractal Efficiency of Momentum.

https://www.tradestation.com/Discuss...Topic_ID=16096

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A screenshot from the page above.

https://www.tradestation.com/Discuss...20Momentum.jpg

The screenshot shows stiffer settings where some lag shows up, but this stuff can be tuned a lot better than the image shows.

::--> Note the lack of so-called 'divergence' - that is, unlike MACD and other standard TA oscillators, these have less tendency to move back down toward the center or zeroline while price is still moving up.

IMHO, a big problem with traditional oscillators is that they give false directional readings when a trend occurs, but the momentum of the trend stops increasing or falls off a bit. Price continues to rise, but the traditional oscillators like MACD start to fall, giving a false signal.

This is less of a problem with the indicators in the screenshot. Note the trend on the right side.

"Less false 'divergence' signals, priceless"

A lot of cool stuff can be done with tools like these.

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This is hard to articulate this late at nite but-

One nonobvious aspect of the problem where price continues to rise, but the traditional oscillators like MACD start to fall and give a false signal is that it sort of forces the use of zeroline crossings of the oscillator as a signal. But maybe, just maybe, the slope-or-state of the indicator is a better signal than a zeroline cross. By slope-or-state I mean, "If the indicator is sloping upwards or is at 100, LongCondition = true". I have seen many instances where slope-or-state of "non-divergence" indicators like PFE of Momentum outperformed zeroline crossings of diverging indicators.... An easier way to say it: In my experience, slope-or-state of "non-divergence" indicators outperforms either slope or zeroline crossings of traditional diverging indicators. Your milage may vary.

Originally Posted by newdigital

It is 3c_J2JLite.

All you need to do is toplace the files from include unzipped folder to include Metatrader's folder. The same with library and indicators folders.

Originally Posted by ejpdl

Hi ND
When I attach 3C_J2JLite, I get a different display See attached chart
Thanx ejpdl