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- Published:
- 2016.03.25 15:19
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Author: wellx
The first version of the wlx BWWise Man indicator. Displays the candles of trend changes. According to the latest book by Bill Williams.
The first version of the wlx BWWise Man indicator. Displays the candles of trend changes. According to the latest book by Bill Williams.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/7191
Import of "minute bars" from forexite.com
Script for preparing the "minute bars" from forexite.com to be imported to MetaTrader 4
Trend power (stop loss)
The indicator is based on comparison of the current price to six simple moving averages with the periods 10, 20, 30, 40, 50 and 60. The values of the indicator are fixed: -100, -66, -33, 0, 33, 66, 100.
T3_adx_+di_-di_burst
Smoothing for the ADX indicator. Recalculates the specified number of bars at every tick (not optimized)
Linear Regression
When applied to financial markets this method is usually used to determine the moments of prices extreme deviation from the "standard" level.