iMAX3 Fast Trend Detector

It is now official with me anyway… this version of iMAX3 is now superseded by another version… iMAX3ea, which has been submitted for publishing now.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…

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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 Indicators – Download Instructions

[post-title] is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.

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Based on this information, traders can assume further price movement and adjust their strategy accordingly.

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iMAX3 Fast Trend Detector