AllAbsoluteMarket

Hi All,

Please take a look at the advanced MTF AllAbsoluteMarket_v2 which with a sufficient accuracy allows defining 6 market states, exactly:

• Bull market
• Bear market
• Correction in a bull market.
• Correction in a bear market (Bear Market Rally)
• Choppy market
• Flat(or Sideways) market

As in AbsoluteStrength to define the market forces 3 methods of calculation are used: RSI, Stochastic and DMI. Using Length, PreSmooth, Smooth, Signal и MA_Method parameters you can achieve the desired accuracy of calculation. Keep in mind that a period of a signal line (Signal) starts from 1, in this case Bulls and Bears values on the previous bar are used.

The indicator also applies a set algorithm for calculation used on high timeframes. It allows putting several indicators in one subwindow for different timeframes as it has been displayed in the image.

If parameter AlertMode=1, then a monitor will display messages informing about changing market conditions.



Also just want to note this indicator maybe is only one which can show so many market conditions.

Regards,
Igor


UPDATES:

2013.04.22 - version v2.1: 1 minor bug fixed.

Important: Please download fixed version v2.1.

Excellent help on chart

Single instance works perfectly with the available settings

Problem: Trying several different timeframe indis in same subwindow - they superimpose over each other
- Try from navigator as well as "window" input
MT4 509
Pehaps some advice will solve this? Thanks

Hi mosiskv,

Please try with the same Window(eg. Window=1 for the 1st subwindow) and with different IndicatorValue(eg. 0.5, 0.75, 1.0). If you use the same timeframe, then
please enter different UniqueNames for each indicator.

Regards,
Igor

Hi Igor - am checking this today

Thanks again for prompt reply

Hi

Fictitious example to check indicators

Start/Trade M30 chart clean
Want to see this:

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx M15
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx M30
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx H1
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx H4

Settings:
M15 M30 H1 H4
Timeframe 15 30 60 240
Indicator Value 1.0 .9 .8 .7
Window 1 1 1 1
Unique name qwe rty asd zxc
The rest of settings as is

Drag all from first one from navigator on same subwindow that appears
with above settings in strict order from M15 to H4

Get this display on chart in window:
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx M30 (instead of M15)
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx M30
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx H1
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx H4

When I rightclick on each in window the properties are as stated above

When I rightclick on chart and check objects list on chart I get this:
Object/text Name/qweM30text Description/M30 Window/1 .... Should be M15
Object/text Name/rtyM30text Description/M30 Window/1 .... = M30
Object/text Name/zxcH4text Description/H4 Window/1 .... Should be H1(Input order/display order!?)
Object/text Name/asdH1text Description/H1 Window/1 .... Should be H4 (Input order/display order!?)

This is as far as my MT4 knowledge stretch - MT4 509 Win7 Pro

This is excellent to know(general idea) what is going on in in your reference timeframes without the
hassle of changing timeframes/xtra chart/float charts/2nd monitor etc

A suggestion to perhaps consider when you nxt allocate time to work on this:
Make one idicator with all timeframes already available nicely formatable for smallest possible size
on chart whether you use only one/2 or more timeframes - selectable with true/false and each with
seperate setting/alerts etc.

Thanks again for your previous prompt reply

as far as I know - this indicator is not showing lower timeframe. It means: if you attach this indicator to M30 chart so everything should be high by timeframe started from M30. It means: M15 can not be shown in case of M30 chart.

if I am mistaken so Igorad will correct me.

Originally Posted by newdigital

as far as I know - this indicator is not showing lower timeframe. It means: if you attach this indicator to M30 chart so everything should be high by timeframe started from M30. It means: M15 can not be shown in case of M30 chart.

if I am mistaken so Igorad will correct me.

You are absolutely right.

Thanks for info

Very nice - Excellent help

This is similar indicator but for Metatrader 5 (made by Igorad as well) - AbsoluteStrengthMarket_v1 indicator (attached, or go to MT5 CodeBase here) :