CodeBaseSections
Watch how to download trading robots for free
Find us on Twitter!
Join our fan page
Interesting script?
So post a link to it -
let others appraise it
You liked the script? Try it in the MetaTrader 5 terminal
to pocket
Indicators

Aroon oscillator - dynamic zones (levels) - indicator for MetaTrader 5

Mladen Rakic | English Русский 中文 Español Deutsch 日本語 Português
Views:
8662
Rating:
(23)
Published:
2016.11.28 09:06
Download as ZIP, How to download code from MetaEditor
Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

Aroon oscillator is usually not associated with to much flexibility. It is its nature.

This version is breaking that. Instead of using fixed levels to find out trends / overbought / oversold conditions, this version is introducing dynamic levels in order to change that rigidness. Levels are calculated using quantile bands (some more information on quantile calculation can be found here: https://en.wikipedia.org/wiki/Quantile) and that changes the way how Aroon oscillator behaves significantly.

Entries (and exists) are signaled much faster and, with some parameters experimenting, it can be fine tuned to work in a ways that Aroon oscillator never could be used.

Indicator can use any price combination(s) for calculation (original Aroon oscillator could use only high an low), is multi time frame and already has all the usual alerts built in


i-Paramon work time i-Paramon work time

i-Paramon work time (new version).

DMI stochastic extreme DMI stochastic extreme

DMI stochastic extreme - extended indicator.

Velocity - normalized Velocity - normalized

Velocity - normalized using ATR, deviation or no-normalization

ADXm ADXm

ADXm - version for MetaTrader 5