Let me say Hello to the MT4 comunity... My name is Walter and I am doing some research on forex... my homebase Forum is Traders Laboratory I just started there a thread about a new powerfull method I am developing that you can access it here Walter`s Forex "Trend Trades" - Traders Laboratory - Active Traders Forum so far I am using an indicator created by Bemac from VT right here Fantail Variable MA's - Visual TRading Charts Forum the indicator is called Fantail VMA`s... (thanks Bemac ¡¡ ) its a very simple indicator wich uses a VMA as the base average and from there he creates a rainbow of emas from the vma... Now this VMA is constructed with an ADX to determine volatility wich makes it a very peculiar indicator... I come here to ask some collaboration from you programmers at here TSD as I know that programming this simple indicator for MT4 will seriously benefit the MT4 comunity... its a simple one and I might say also a powerfull one...

Here I attach the VT formula:

{/// Bemac June 2006 \\\\
/ Fantail@ Variable MA's \}


{Calculate Wilders Average Directional Index [ADX] }
TH:= IF(Ref(Close,-1) > High,Ref(Close,-1), High);
TL:= IF(Ref(Close,-1) < Low ,Ref(Close,-1), Low );

TR:= TH-TL;
{--------------}

PlusDM := IF(High > Ref(High,-1) AND Low >= Ref(Low,-1)
, High-Ref(High,-1)
, If(High > Ref(High,-1) AND Low < Ref(Low,-1) AND High - Ref(High,-1) > Ref(Low,-1) - Low
, High - Ref(High,-1)
,0));

PlusDI := 100 * Wilders(PlusDM,ADXPr) / Wilders(Tr,ADXPr);

MinusDM:= IF(Low < Ref(Low,-1) AND High <= Ref(High,-1)
, Ref(Low,-1) - Low
, If(High > Ref(High,-1) AND Low < Ref(Low,-1) AND High - Ref(High,-1) < Ref(Low,-1) - Low
, Ref(Low,-1) - Low
,0));
{--------------}

MinusDI := 100 * Wilders(MinusDM,ADXPr) / Wilders(Tr,ADXPr);

DIDif := Abs(PlusDI - MinusDI);

DISum := PlusDI + MinusDI;

ADXFinal := 100 * Wilders(DIDif/DISum,ADXPr);

ADXRCustom:= (ADXFinal + Ref(ADXFinal,1-ADXPr)) / 2;

_ADX := IF( ADXtype = 0
,ADXFinal
,ADXRCustom);

{Calculate a Variable Moving Average using method devised by Tushar Chande}
Barnum := BarCount();
EmaIndex:= IF(VarMAPr > 0 ,(2 / (1+VarMAPr)) ,0.20);
Diff := HHV(_ADX, ADXPr) - LLV(_ADX, ADXPr);
MyConst := IF(Diff > 0
,(_ADX - LLV(_ADX,ADXPr)) / Diff
,EmaIndex);
MyConst := IF(MyConst > EmaIndex
,EmaIndex
,MyConst);
VarMA := IF(Barnum < ADXPr + (ADXPr * 1.5)
, Close
,MOV((((1 - MyConst) * Ref(VarMA,-1)) + (MyConst * Close)), 2, s));


{Calculte & Plot Multiple MA's of the Variable Moving Average}
MA1 :=Mov(VarMA, 2,Initial_MA_Type);

MA2 :=Mov(VarMA, 4,Initial_MA_Type);

MA3 :=Mov(VarMA, 6,Initial_MA_Type);

MA4 :=Mov(VarMA, 8,Initial_MA_Type);

MA5 :=Mov(VarMA,10,Initial_MA_Type);

MA6 :=Mov(VarMA,12,Initial_MA_Type);

MA7 :=Mov(VarMA,14,Initial_MA_Type);

MA8 :=Mov(VarMA,16,Initial_MA_Type);

MA9 :=Mov(VarMA,18,Initial_MA_Type);

MA10:=Mov(VarMA,20,Initial_MA_Type);

MA11:=Mov(VarMA,22,Initial_MA_Type);

MA12:=Mov(VarMA,24,Initial_MA_Type);

MA13:=Mov(VarMA,26,Initial_MA_Type);

MA14:=Mov(VarMA,28,Initial_MA_Type);

MA15:=Mov(VarMA,30,Initial_MA_Type);

MA16:=Mov(VarMA,32,Initial_MA_Type);

MA17:=Mov(VarMA,34,Initial_MA_Type);

MA18:=Mov(VarMA,36,Initial_MA_Type);

MA19:=Mov(VarMA,38,Initial_MA_Type);

MA20:=Mov(VarMA,40,Initial_MA_Type);

MA21:=Mov(VarMA,42,Initial_MA_Type);

MA22:=Mov(VarMA,44,Initial_MA_Type);

MA23:=Mov(VarMA,46,Initial_MA_Type);

MA24:=Mov(VarMA,48,Initial_MA_Type);

MA25:=Mov(VarMA,50,Initial_MA_Type);

MA26:=Mov(VarMA,52,Initial_MA_Type);

MA27:=Mov(VarMA,54,Initial_MA_Type);

MA28:=Mov(VarMA,56,Initial_MA_Type);

MA29:=Mov(VarMA,58,Initial_MA_Type);

MA30:=Mov(VarMA,60,Initial_MA_Type);

MA31:=Mov(VarMA,62,Initial_MA_Type);

MA32:=Mov(VarMA,64,Initial_MA_Type);

MA33:=Mov(VarMA,66,Initial_MA_Type);

MA34:=Mov(VarMA,68,Initial_MA_Type);

MA35:=Mov(VarMA,70,Initial_MA_Type);

MA36:=Mov(VarMA,72,Initial_MA_Type);

MA37:=Mov(VarMA,74,Initial_MA_Type);

MA38:=Mov(VarMA,76,Initial_MA_Type);

MA39:=Mov(VarMA,78,Initial_MA_Type);

MA40:=Mov(VarMA,80,Initial_MA_Type);

MA41:=Mov(VarMA,82,Initial_MA_Type);

MA42:=Mov(VarMA,84,Initial_MA_Type);

MA43:=Mov(VarMA,86,Initial_MA_Type);

MA44:=Mov(VarMA,88,Initial_MA_Type);

MA45:=Mov(VarMA,90,Initial_MA_Type);

MA46:=Mov(VarMA,92,Initial_MA_Type);

MA47:=Mov(VarMA,94,Initial_MA_Type);

MA48:=Mov(VarMA,98,Initial_MA_Type);

MA49:=Mov(VarMA,100,Initial_MA_Type);

So this is my request... I will really aprecciate this... thanks in advance, Walter.

Hi walter
What is it you want to have it coded into MT4?
From VT?

__________________
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I attach the VT indicator... on the above post I had pasted the formula that appears on VT...

I would like if we can make a version for MT4.... cheers Walter.

Attached Files

fantail_vma.zip (2.3 KB, 143 views)

Hi,
I've developed VarMA_v1 with template.
Please enjoy!


P.S. In the post #8 you can find fixed version of VarMA.

Attached Images

fantail.gif (30.2 KB, 1040 views)

Attached Files

	VarMA_v1.mq4 (5.0 KB, 226 views)
	fantail.tpl (14.7 KB, 177 views)

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igorad,

Excellent work on this Fantail VarMA. As usual your great work and contributions to the TSD community are always very much appreciated.



ENJOY!

fxcruiser

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walterw mamy thanks for your work on Traders Laboratory and VMA - great stuff and very impressive

igorad - good work - thanks for making life easier

Thanks so much Igorad for this great job and contribution ¡¡ certainly the MT4 comunity has received a new gem into their arsenal... once again a warm THANKS ¡¡ ... cheers Walter.

Hi,
I'm sorry but I've found small bug in the code of VarMA.
Please download script and template again.

Attached Files

	VarMA_v1.1.mq4 (5.0 KB, 352 views)
	fantail_1.tpl (14.8 KB, 279 views)

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Hi Igorad, for some reason the second version doesnt load on my chart...

I attach a chart comparing the first version with VT... is there a way to get the horizontal efect more similar ? thanks for your great efforts ¡¡... cheers
Walter.

Attached Images

MT4 vs VT.jpg (23.1 KB, 1015 views)

Sorry but I have not any problem with fixed VarMA.
Do you can attach MA without rainbow template?

Attached Images

fantail_1.gif (27.3 KB, 857 views)

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