Watch how to download trading robots for free
Find us on Telegram!
Join our fan page
Join our fan page
You liked the script? Try it in the MetaTrader 5 terminal
Projection_Oscillator - indicator for MetaTrader 5
- Views:
- 3594
- Rating:
- Published:
- 2018.08.23 13:41
- Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
Projection_Oscillator is based on Projection_Bands. Unlike the original indicator, it displays the line in a separate window with overbought/oversold levels.
The indicator has three input parameters:
- Period - calculation period;
- Overbought - overbought level;
- Oversold - oversold level.
Calculation:
PO = 100 * (Close-DnBand) / (UpBand-DnBand) UpBand = Max(High, PrevHigh*SlopeHigh) DnBand = Min(Low, PrevLow*SlopeLow)
where:
- SlopeHigh - regression line slope of High prices in the Period range;
- SlopeLow - regression line slope of Low prices in the Period range.
Fig. 1. Projection Oscillator
Fig. 2. Projection Oscillator + Projection Bands
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21546
Projection_Bands
Projection Bands indicator.
Open_OscillatorMarket status indicator with signal lines.
RSICandleKeltner_HTF
The RSICandleKeltner indicator with the timeframe selection option available in the input parameters.
Exp_Rj_SlidingRangeRj_Digit_System_Tm_PlusThe trading system based on Rj_SlidingRangeRj_Digit_System indicator signals with the possibility to set a fixed position holding time.