It is now official with me anyway… this version of iMAX3 is now superseded by another version… iMAX3ea, which has been submitted for publishing now. So, expect it will soon to appear. But, for now, this indicator is fully functional… not a single report of any technical problem of any kind… and I hope the new version will work out just as well as this has…. and I am pretty sure it will. But, I strongly encourage users to upgrade, or wait for the new iMAX3ea indicator, and download it… because that is the indicator I will be supporting… There is one wrinkle, so to speak… and that is that the new indicator will be available only as a .exe file. Whereas this indicator is available in .mq4 format, in case you are just looking over code. But, I am no longer going to support this version now that the newer version is released… so don’t expect me to be answering any further questions here… I will answer questions about the iMAX3ea in that thread… and I thank everyone who took any time to check out this indicator… And I am surprised, because this indicator really does very little… whereas the iMAX3alert, submitted actually is a working trading tool, as is the new iMAX3mtf… so I am hoping some people will discover, if they haven’t already, exactly why this indicator was an important step in the creation of more useful trading tools, and then discover those tools, and how useful they can be…
iMAX3 Fast Trend Detector
iMAX3 is a 3 in one “hybrid” indicator based upon personal prior works… the original “iMAX” indicator and the follow on “iMAXhp,” and “iMAXhpx” indicators. These indicators phase shift a “Modified Optimum Elliptic Filter” signal to obtain a phase crossing used to detect fast moving price trends. The calculations are based upon a three bar rate of change, and therefore are virtually independent of any relationship to longer periods, and that is why iMAX is naturally adaptive to dominant periods in market price action, without having to change, retune, or optimize indicator period settings. This, and increasing resistance to volitily between the modes… offers interesting possibilities to intelligently switch between modes as market volatility changes.
“Modified Optimum Elliptic Filter” ref: Source of calculations;
Stocks & Commodities vol 18:7 p20-29
Optimal Detrending by John F. Ehlers Original
iMAX indicator: (photo 1 imaxoriginal.gif)
MT4 Indicator Download – Instructions
[post-title] is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
[post-title] provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install [post-title].mq4?
- Download [post-title].mq4
- Copy [post-title].mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on [post-title].mq4
- Attach to a chart
- Modify settings or press ok
- Indicator [post-title].mq4 is available on your Chart
How to remove [post-title].mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
MT4 Indicators Download below: