Discussion of article "William Blau's Indicators and Trading Systems in MQL5. Part 1: Indicators"

[MetaQuotes]

New article William Blau's Indicators and Trading Systems in MQL5. Part 1: Indicators is published:

The first part of the article "Indicators and Trade Systems in MQL5 by William Blau. Part 1: Indicators " is a description of indicators and oscillators, described by William Blau in the book "Momentum, Direction, and Divergence".

The indicators and oscillators, described in this article, are presented as a source codes in MQL5 language and attached in the archive file "Blau_Indicators_MQL5_en.zip".

The key idea of analysis by William Blau

The technical analysis by William Blau consists of four phases:

1. Using the price series data (q bars) the indicator is calculated and plotted at chart. The indicator does not reflect the general trend of the price movement, and does not allow to determine the trend reversal points.
2. The indicator is smoothed several times using the EMA method: the first time (with period r), the second time (with period s), and the third time (with period u); a smoothed indicator is plotted. A smoothed indicator fairly accurately and reproduces the price fluctuations with a minimum lag. It allows to determine the trend of the price movement and the reversal points and eliminates the price noise.
3. The smoothed indicator is normalized, a normalized smoothed indicator is plotted. The normalization allows the indicator value to be interpreted as the overbought or oversold states of the market.
4. A normalized smoothed indicator is smoothed once by the EMA method (period ul); an oscillator is constructed - the indicator histogram and the signal line, the levels of overbought and oversold of the market are added. Oscillator allows us to distinguish the overbought/oversold states of the market, the reveral points and the end of a trend.

Author: Andrey N. Bolkonsky

[Denis Kirichenko]

Masterpiece!

I will definitely study it in detail.....

[fozi]

denkir:

Masterpiece!

If I have time, I'll study it in detail...

here's the book the author is referring to. True, they want some "gold" and I found it that way ))

*.djvu format

Damn... for some reason after the attachment does not appear, maybe moderators check. In general, if anyone needs to write in person. I will send to email

[---]

fozi:

here is the book the author refers to. True, they want some "gold" and I found it that way ))

*.djvu format

shit... why it doesn't appear after attachment.

zip

[ak20 ak20]

Very insightful article. I'm looking forward to part 2. Thank you!

[pierre wang]

It's just what I am lookiing for, thank you very much

[Marik]

Kudos to the author for the hard work!

[akarapone tonsomboon]

appreciate your effort. <3