Code Base

Very good indicator. Is there anything on RSI like this.

Nice indi, thanks!!

Hi FX5

Thanks for your indicator.

Can you write this indicator in Tradestation or Metastock code?

regards,

Hi FX5

I think it's a very good indicator thanks a lot ;-)

I would like to write an EA that should enter a buy order when the "green" or sell order when "red" arrows of your indicator appears.

Can you help please ;-)

Thanks in advance

Fabio 

Hi FX5,

good work! I looked an Indikator like these for long time.

If you take DMI (Directional Movement ) the result are very better. This is a concept from Welles Wilder, named "Topsy-turvy-Strategy"

and based of reverse Divergenz

His book: New Concepts in Technical Trading Systems

Can you build an Indicator with DMI and "reverse Divergenc"?

Best regards

Meta1  

Thank you for this indicator.

A little bit oof topic:

I have would like to translate the Ehlers sinewave from Tradestation language to MQL4 ... but I do not know the language well enough.

'Ehlers sinewave indicator translation into MQL4'

Would you be interested in coding this in MQL4?

Thanks !

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Inputs: Price((H+L)/2),
alpha(.07);

Vars: Smooth(0),
Cycle(0),
I1(0),
Q1(0),
I2(0),
Q2(0),
Deltaphase(0),
MedianDelta(0),
Maxhmp(0),
AmpFix(0),
Re(0),
Im(0),
DC(0),
alpha1(0),
InstPeriod(0),
DCPeriod(0),
count(0),
Smoothcycle(0),
Realpart(0),
Imagpart(0),
DCPhase(0);

smooth = (Price + 2*Price[1] + 2*Price[2] + Price[3])/6;

Cycle = (1 - .5*alpha)*(1 - .5*alpha)*(Smooth - 2*Smooth[1] + Smooth[2]) + 2*(1 - alpha)*Cycle[1] - (1 - alpha)*(1 - alpha)*Cycle[2];
If currentbar < 7 then Cycle = (Price - 2*Price[1] + Price[2]) / 4;
{Cycle = Price;}

Q1 = (.0962*Cycle + .5769*Cycle[2] - .5769*Cycle[4] - .0962*Cycle[6])*(.5 + .08*InstPeriod[1]);
I1 = Cycle[3];
If Q1 <> 0 and Q1[1] <> O then Deltaphase = (I1/Q1 - I1[1]/Q1[1]) / (1 + I1*I1[1]/(Q1*Q1[1]));

If Deltaphase < 0.1 then Deltaphase = 0.1;
If Deltaphase > 1.1 then Deltaphase = 1.1;
MedianDelta = Median(Deltaphase, 5);
If MedianDelta = 0 then DC = 15 else DC = 6.28318/MedianDelta + .5;
InstPeriod = .33*DC + .67*InstPeriod[1];
Value1 = .15*InstPeriod + .85*Value1[1];

{Compute Dominant Cycle Phase}
DcPeriod = IntPortion(value1);
RealPart = 0:
ImagPart = 0;
For count = 0 To DcPeriod - 1 begin
RealPart = RealPart + Sine(360 * count/DcPeriod) * (Cycle[count]);
ImagPart = ImagPart + Cosine(360 * count/DcPeriod) * (Cycle[count]);
End;
If AbsValue(ImagPart) > 0.001 then DcPhase = Arctangent(RealPart / ImagPart);
If AbsValue(ImagPart) <= 0.001 then DcPhase = 90 * Sign(RealPart);
DcPhase = DcPhase + 90:
If ImagPart < 0 then DcPhase = DcPhase + 180;
If Dcphase > 315 then DcPhase = DcPhase - 360;
Plot1(Sine(DcPhase), "Sine");
Plot1(Sine(Dcphase + 45), "LeadSine");

I prefer using it on higher timeframes. In my openion 4Hr is the best timeframe for this indicator.

Regarding your second question, I heard that some traders trade only hidden divergens so it reliable as the classical divergence.

Good Luck,