im wonder if its viable to produce signals based on the A-B forms. perhaps it could be relative....like the peaks usually top out at around 90ish. and lowest possible value is 0.

Hi,
The indicator still does not refresh. The current histogram does not form until after the candle closes.
Trader

it should need some modification again I think

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Forex Indicators Collection

yea that means its working. so enter if the previous histogram is lower or higher than the histogram bar preceding this bar.

i like the colour change idea AND it still doesnt update
but im not very good with Imaonarray stuff

I know there are some strange rules on ImonArray function

I had a go at fixing it
cant say its terribly efficient - on computer rescources but at least it now updates

and it does redraw slightly
but its a move ---> in the right direction?

attached here

needs more um work tho

Attached Files

MBA Thesis Indicator_ok.mq4 (2.8 KB, 124 views)

well anyone looked at it yet ?

try this one out

Attached Images

mba.gif (15.7 KB, 575 views)

Has anyone actually taken the time to examine this formula?

It is adding MACD (typical value = 0.0020) to RSI (typical value 50.0) - as you can probably see, MACD influence is insignificant and can be disregard completely! If someone actually received a Masters based on this, then all I can wonder is what is the educational system coming to...

btw the 'actual' formula also includes raising the value to a power, which results in infinities everywhere, so I really think you are flogging a head horse here...