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If my memory serves me correctly, this indicator is a renamed version of the VQ.mq4 and I see on their Thread that they have improved the original quite considerably. The present Alaskin downloaded from your Thread, seems to behave like in the beginning of the VQ concept. You may want to look into this.
Secondly, I have an ADX Crossing indicator by Amir which I find extremely accurate almost to the point of disbelief. It outperforms the 2 I have downloaded from your zipped file and I place it here for your perusal and comment.
Best wishes.
Seems like a great news for E&A system..
Thanks for the indicator ValeoFX.
If my memory serves me correctly, this indicator is a renamed version of the VQ.mq4 and I see on their Thread that they have improved the original quite considerably. The present Alaskin downloaded from your Thread, seems to behave like in the beginning of the VQ concept. You may want to look into this.
Secondly, I have an ADX Crossing indicator by Amir which I find extremely accurate almost to the point of disbelief. It outperforms the 2 I have downloaded from your zipped file and I place it here for your perusal and comment.
Best wishes.
Valeo, upon closer inspection, its the exact same as the Non-repainting ADX cross. The difference is that the dot in yours looks like it shows up 1 bar before the Non-repainting ADX cross arrows show up. The funny thing is, they appear at the same time. As Mladen pointed out, it's the shift value that makes it look like it shows up 1 bar "earlier".
for (shift = CountBars; shift>=0; shift--)
{
b4plusdi=iADX(NULL,0,ADXbars,PRICE_CLOSE,MODE_PLUSDI,shift-1);
nowplusdi=iADX(NULL,0,ADXbars,PRICE_CLOSE,MODE_PLUSDI,shift);
b4minusdi=iADX(NULL,0,ADXbars,PRICE_CLOSE,MODE_MINUSDI,shift-1);
nowminusdi=iADX(NULL,0,ADXbars,PRICE_CLOSE,MODE_MINUSDI,shift);
if (b4plusdi>b4minusdi && nowplusdi<nowminusdi)
{
val1[shift]=Low[shift]-5*Point;
}
if (b4plusdi<b4minusdi && nowplusdi>nowminusdi)
{
val2[shift]=High[shift]+5*Point;
}
}
It is looking for future values (the shift-1 parameter) to find out crossings
Mladen, would you mind being more explicit regarding the "warning"? It most certainly does not repaint, but if there is anything else to be aware of, I would like to know so that I can address it. It most certainly gives excellent signals.
Looking forward to hearing from you.
Best wishes.
__________________ "Risk comes from not knowing what you are doing" The Tao of Warren Buffett.
"Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki.
Thanks Valeo, been looking for a good ADX cross indicator. As far as the APA, I agree, it repaints very badly. Anyone who questions it, just open strategy tester and watch it.
Thanks for the confirmation re APA. My pleasure for the ADX Crossing.mq4.
Best wishes.
__________________ "Risk comes from not knowing what you are doing" The Tao of Warren Buffett.
"Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki.
as I stated in my previous post already, it is looking for crosses comparing current and future value (I sincerely doubt that it was the intention)
also buffer values are not emptied on every loop. As a result, there are cases when indicator is going to become a "repainter" (cases when it posts signal for crossing and then, before the bar expires, values change back - since the buffer values are not cleaned (emptied), the "cross" is still remaining there, but if you change time frames or symbol and go back, or restart mt, it will disappear - effectively becoming a repainting indicator) Author did try to avoid that situation with fixed bar count (always recalculating the CountBars bars) but it means that the indicator is almost always recalculating unnecessarily
Hope this is explicit enough
regards
mladen
Quote:
Originally Posted by ValeoFX
Mladen, would you mind being more explicit regarding the "warning"? It most certainly does not repaint, but if there is anything else to be aware of, I would like to know so that I can address it. It most certainly gives excellent signals.
as I stated in my previous post already, it is looking for crosses comparing current and future value (I sincerely doubt that it was the intention)
also buffer values are not emptied on every loop. As a result, there are cases when indicator is going to become a "repainter" (cases when it posts signal for crossing and then, before the bar expires, values change back - since the buffer values are not cleaned (emptied), the "cross" is still remaining there, but if you change time frames or symbol and go back, or restart mt, it will disappear - effectively becoming a repainting indicator) Author did try to avoid that situation with fixed bar count (always recalculating the CountBars bars) but it means that the indicator is almost always recalculating unnecessarily
Hope this is explicit enough
regards
mladen
Very much so as I have come to know you, Mladen and I thank you for this kind explanation.
Would you therefore suggest that the other version (ADX_CrossesNonrepainting), be the correct one to use?
I await your expert advise with baited breath. Thanking you most sincerely.
__________________ "Risk comes from not knowing what you are doing" The Tao of Warren Buffett.
"Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki.
Sorry. Same buffer cleaning issue with ADX_CrossesNonrepainting (but it does not "look into the future")
Nature of ADX (the DI+ and DI- which are changing values only when price makes new high or new low) makes the repainting situations rare, but, still there they are...
Quote:
Originally Posted by ValeoFX
Very much so as I have come to know you, Mladen and I thank you for this kind explanation.
Would you therefore suggest that the other version (ADX_CrossesNonrepainting), be the correct one to use?
I await your expert advise with baited breath. Thanking you most sincerely.
It outperforms the 2 I have downloaded from your zipped file and I place it here for your perusal and comment.
Linear Mode
