OBV TMATrueSlope NT indicator

[milanese]

as some asked me via pm for a non MTF OBVTmaTrue version, I will it here attach..

OBV_TMATrue.mq4

Cheers

Tommaso

[TraderJoeForex]

there was a little glitch in the code, so please the two fast downloaders redownload

Cheers

Tommaso

Thanks lots for posting this.. might still be a glitch with the bar colors formula as not representing correctly - screenshot posted so you can see. It does not seem to be distinguishing between the greens and reds correctly?

Cheers for your time on this.

Yes I understand that the higher timeframe is stretched on the lower timeframe. What I mean is the color choices do not represent what is shown. If you look at the screenshot I posted you should see:

lime green should represent slope +ve and increasing
green slope +ve but decreasing
firebrick -ve but increasing
red +ve and decreasing

.... but this is not the case. Only for the most recent few candles and previous bars are just two tone? Do you see what I mean?

[milanese]

Yes I understand that the higher timeframe is stretched on the lower timeframe. What I mean is the color choices do not represent what is shown. If you look at the screenshot I posted you should see:

lime green should represent slope +ve and increasing
green slope +ve but decreasing
firebrick -ve but increasing
red +ve and decreasing

.... but this is not the case. Only for the most recent few candles and previous bars are just two tone? Do you see what I mean?

this depends much on the history data you have for this pair.., for the last 10 bars it should always correct be shown, the rest depends on your history data..

Cheers

Tommaso

Cheers

[TraderJoeForex]

Yes I understand that the higher timeframe is stretched on the lower timeframe. What I mean is the color choices do not represent what is shown. If you look at the screenshot I posted you should see:

lime green should represent slope +ve and increasing
green slope +ve but decreasing
firebrick -ve but increasing
red +ve and decreasing

.... but this is not the case. Only for the most recent few candles and previous bars are just two tone? Do you see what I mean?

this depends much on the history data you have for this pair.., for the last 10 bars it should always correct be shown, the rest depends on your history data..

Cheers

Tommaso

Cheers

Ok just tried another pair and have put orignal OBV_TMATrueslope and 10.2TMA_slope so that you can see it is just this MTF indicator that has the issue. Look at the area between 8th - 19th December for example. Thanks.

[milanese]

Ok just tried another pair and have put orignal OBV_TMATrueslope and 10.2TMA_slope so that you can see it is just this MTF indicator that has the issue. Look at the area between 8th - 19th December for example. Thanks.

The TMA_slope uses no MTF it shows only the value of the open candle for a second tf, as I do not know how Neotrader exactly coded his OBCTmaTrue variant it is possible that my version is different in the calculations, you can too try this non MTF version that I coded.

OBV_TMATrue.mq4

Cheers

Tommaso

[TraderJoeForex]

Ok just tried another pair and have put orignal OBV_TMATrueslope and 10.2TMA_slope so that you can see it is just this MTF indicator that has the issue. Look at the area between 8th - 19th December for example. Thanks.

The TMA_slope uses no MTF it shows only the value of the open candle for a second tf, as I do not know how Neotrader exactly coded his OBCTmaTrue variant it is possible that my versiob is different in the calculations, you can too try this non MTF version that I coded.

Cheers

Tommaso

Ok, yes that must be it. Same on both these. No worries I can use without colors. Cheers for your time.

[shanemort]

hi guys great work here i've been reading up on the forums and im doing some work with TMA and trying to make an EA, your TMA slope indi is it ok to run default settings on M5? or would anything need to be changed?

i also saw a picture of a dashboard with a list of currency's and there TMA values but cant find the indicator? can someone point me to it please?