I will code your EAs and Indicators for no charge

Hi hashzar

I haven't tried it on any other timeframes. Try it on 5 or 15 timeframe and maybe adjust settings to see if it will work for you. I'm happy trading on M1. I trade from 09:00 GMT+2 to about 11:00. Sometimes I'll trade the close of US session also

https://www.forexfactory.com/thread/...3#post14875713

Yes. They are all over trading view. This is one on MT4 but it makes your chart look like ass

Be aware with Alerts on MT4 that if you have alerts for both the sound and the pop up message set to true you will not get the alert sound all you will get is the sound that is set for the pop up message.

Thank you cja. Understood and much appreciated.

Thank you fxwealth. What is your TP and SL?

Please post this indicator

Gentlemen, please could someone look at this indicator which needs refreshing all the time?
Thanking you kindly and looking forward to your kind assistance.
Sincerely,
Hercs.

The code provided is an implementation of the Stochastic Momentum Index (SMI) indicator in MQL4, which is used in MetaTrader 4 for technical analysis in trading. To determine if the indicator refreshes, we need to look at the logic within the start() function. This function is called on every new tick (or every new bar if the indicator is set up that way), which means it effectively refreshes the calculations regularly.
Here is a detailed breakdown:

1. Initialization (init() function):
   1. Buffers for storing intermediate and final results are initialized.
   2. Labels and styles for the buffers are set.

2. De-initialization (deinit() function):
   1. Placeholder function for cleanup if necessary.

3. Main Calculation Loop (start() function):
   1. counted_bars is used to check how many bars have already been processed.
   2. limit is calculated to determine how many bars need to be recalculated. This depends on the number of bars already counted and the periods used in the calculations.
   3. For loops iterate through the required range of bars to perform the SMI calculations, which involve:
      1. Calculating the range (HQ_Buffer) and median (SM_Buffer).
      2. Calculating exponential moving averages (EMA_SM, EMA_HQ, EMA2_SM, EMA2_HQ) using these buffers.
      3. Calculating the final SMI values and storing them in SMI_Buffer.
      4. Calculating the signal line and storing it in Signal_Buffer.

Given this structure, we can conclude the following:

1. The indicator does refresh because it recalculates its values every time the start() function is called, which happens on every new tick or new bar.
2. The use of counted_bars ensures that the indicator only recalculates what is necessary, which improves performance by not recalculating values that haven't changed.

Therefore, yes, this indicator does refresh its values as new data comes in.

======
Thank you Trajanr for this incredible reply, but what do I do when it lags such as in this screenshot? It is useless as it is.

Looking forward to hearing from you.
Hercs.

To assist further help needed from Master BestTraderEv. but he is busy at the moment....

OK, so...
I think I have finally got this to work correctly!

This Expert Advisor manages trades.
The idea is to close any position at a specified percentage of Take Profit and/or Stop Loss.
Obviously, this can be done only when the position already has a Stop Loss order and/or Take Profit order.
By default both options are set to 80 = 80%.
It can Manage All Symbols Positions - in the default setting, or
it can Manage Chart Symbol Positions - option to select.
The EA will plot the Close SL Percent Line and/or the Close TP Percent Line when Display Lines On Chart? = Yes.
Those lines are customizable for colors, style, width, and in background.
The Close Percent Lines will be visible on all open charts of the given Symbol.
If You want the descriptions to be visible on the Lines, You must select Show object descriptions in Chart properties.
Only one instance of the EA is neccessary for the whole MT4 platform.
The EA can manage up to 128 open charts, if MT4 allows this number.
By default, the EA plays the OK sound when a position is closed - option to switch off.
The EA also prints a message in the log when a position is closed - always.
The EA can also show a PopUp alert when a position is closed - No by default, option to switch on.

I have spent a lot of hours on this one, making sure everything works as expected.
I will not provide the source code!

Do not change the file name!!!

The SMI (Stochastic Momentum Index) indicator you provided may be lagging due to the inherent properties of the calculations it performs, particularly the use of multiple exponential moving averages (EMAs). Here's a detailed look at the reasons for the lag:
Reasons for Lagging:

1. Multiple EMAs:
   1. The indicator uses several exponential moving averages: EMA_SM, EMA_HQ, EMA2_SM, and EMA2_HQ. Each of these EMAs introduces a certain amount of lag because they are averages of past data points. The more smoothing periods (length of the EMA), the more lag is introduced.
   2. For instance:
      1. EMA_SM and EMA_HQ are calculated with Period_R.
      2. EMA2_SM and EMA2_HQ are then calculated with Period_S using the previously computed EMA_SM and EMA_HQ.
      3. The Signal_Buffer is further smoothed with another EMA using the Signal period.

2. Sequential Smoothing:
   1. The SMI calculation involves multiple layers of smoothing:
      1. First, the raw data (price range and median) is smoothed by Period_R.
      2. This smoothed data is then further smoothed by Period_S.
      3. Finally, the SMI values are smoothed again by the Signal period.

   2. Each layer of smoothing adds additional lag because it averages out fluctuations over longer periods, thus delaying the response to recent price changes.

3. Calculation of HQ_Buffer and SM_Buffer:
   1. HQ_Buffer is calculated using the highest high and the lowest low over Period_Q periods.
   2. SM_Buffer is calculated using the current close price and the average of the highest high and the lowest low over Period_Q periods.
   3. These buffers are then smoothed, further adding to the lag.

Possible Solutions to Reduce Lag:

1. Reduce the Period Lengths:
   1. Decreasing the periods for Period_R, Period_S, and Signal will reduce the lag. However, this will also make the indicator more sensitive to short-term fluctuations and potentially noisier.

   extern int Period_R = 5; extern int Period_S = 3; extern int Signal = 3;
   

2. Alternative Smoothing Techniques:
   1. Experiment with different smoothing techniques or moving averages that have less lag, such as the Weighted Moving Average (WMA) or the Hull Moving Average (HMA).

3. Modify Calculation Logic:
   1. Simplify the indicator logic to reduce the number of smoothing layers. For example, you might directly use EMA_SM instead of further smoothing it to get EMA2_SM.

Here is a simplified example of how you might reduce the smoothing to potentially reduce lag:
for (i=limit-Period_R;i>=0;i--) { EMA_SM[i] = iMAOnArray(SM_Buffer, 0, Period_R, 0, MODE_SMA, i); // Change to SMA for less lag EMA_HQ[i] = iMAOnArray(HQ_Buffer, 0, Period_R, 0, MODE_SMA, i); } for (i=limit-Period_R;i>=0;i--) { SMI_Buffer[i] = 100 * EMA_SM[i] / (0.5 * EMA_HQ[i]); } for (i=limit-Period_R;i>=0;i--) { Signal_Buffer[i] = iMAOnArray(SMI_Buffer, 0, Signal, 0, MODE_SMA, i); // Change to SMA for less lag }
In this simplified version, the double smoothing is replaced by a single layer, and EMAs are replaced by SMAs to reduce lag.
Conclusion:
The lag in the SMI indicator is primarily due to the multiple layers of exponential moving averages used in its calculation. By adjusting the periods or using alternative smoothing methods, you can reduce the lag but should be aware that this may introduce more noise into the indicator's output.

Hi BestTraderEv, I have changed the tf to this indicator but I am not getting the correct text on the chart on the tf it just says M5. Can you please check it for me. Thank you very much.

Good day sir may you kindly help by adding arrows to the chart when the color changes
and make this indicator not to push back or repaint it must be a non repaint..... Thank you

Working on my charts now.

I have no idea what you mean???
If You don't know what you're doing - DON'T DO IT!!!

BTW, a much better approach would be to extend the existing code by 3 more timeframes.
And do not change the file names, if You don't know what you're doing!!!

Here is the pack with SR's for M5 to W1:

Here are the arrows.

Did you managed to get the yellow star indicator? If so, can you kindly please share it.

Thank you

hi i have a mql4 S/D indicator and i want to add some functions to add and convert it to EA , can any1 help me ?