Articles, Library comments - page 196

Average penetration: Average penetration Author: Mladen Rakic

Average of median: Average of median price More information on how median price is calculated you can find here : https://en.wikipedia.org/wiki/Median Author: Mladen Rakic

ATR adaptive double smoothed EMA: ATR adaptive double smoothed EMA One, less known method, is to use normalized ATR (Average True Range) for making the calculation adaptive. And since double smoothed EMA (Double smoothed Exponential Moving Average - originally published here : Double Smoothed EMA)...

Average penetration bars: Short description. And finally : found one idea for calculating the trend that comes from someone that calls himself "Vonasi" on the net. I liked the idea (it is not showing the usual "greater than" or "smaller than" trend) and used it in this indicator too (as an option,...

MACDonRSI: The MACD indicator is built on the basis of RSI that, in its turn, is built on MA. Author: o_O

QQE of Velocity: QQE (Quantitative Qualitative Estimation) is normally made using RSI (Relative Strength Index) as a "basic" indicator. This version is using Velocity (smoother momentum) and it can help in determining trend. Adjust the calculating period to your trading style: longer - to...

EMA-Crossover_Signal: The indicator is very simple, and it requires certain mental and psychological efforts. Author: John Smith

BinaryWave_StDev: The BinaryWave indicator with additional trend strength indication using colored dots based on the standard deviation algorithm. Author: Nikolay Kositsin

Trend Oscillator: A trend oscillator that uses the Hodrick-Prescott filter. Fig. 1 The geTrendOsc trend oscillator Author: Nikolay Kositsin

Parabolic Weighted Velocity: It is less known that what is usually known as Jurik Velocity is actually a difference of Parabolic Weighted Moving Average and Linear Weighted Moving Average. This version extends the original by allowing you to change the "power" of the calculated averages used...

Coin Flipping EA: Generates a random number, and if this number is even, it will buy, if odd - it will sell. Only 1 position at a time. Settings Choose the SL distance, Choose the TP distance, Choose the % of risk on your capital. Author: Charly Oudy

DEMA_Range_Channel: A channel formed by two Double Exponential Moving Averages based on averaged High and Low timeseries. Author: Nikolay Kositsin

Pivot Oscillator Extended: Extended version of Pivot Oscillator. In addition to be able to calculate pivot points as oscillator, 4 ways of calculating pivot points were added: (Previous High + Previous Low + Previous Close)/3, (Previous High + Previous Low + Previous Close + Previous...

ATR Trend Envelopes of Averages: Trend Envelopes indicator is calculated based on a % of price change. That % is then used to determine if there is a new trend or trend remains the same. This version is using ATR for the price change calculation instead and is adding prices smoothing prior...

STD Trend Envelopes of Averages: Trend Envelopes indicator is calculated based on a % of price change. That % is then used to determine if there is a new trend or trend remains the same. This version is using Standard Deviation for the price change calculation instead and is adding prices...

QQE of Parabolic Weighted Velocity: QQE (Quantitative Qualitative Estimation) is normally made using RSI (Relative Strength Index) as a "basic" indicator. This version is using Parabolic Weighted Velocity and it can help in determining trend. Adjust the calculating period to your trading...

STD Trend Envelopes - RSI: This version of Trend Envelopes RSI indicator differs in one significant point: instead of using fixed value (5) for envelopes calculation, standard deviation (adjusted by multiplier) of the calculated RSI is used for envelopes calculation. Also, the RSI indicator...

STD Trend Envelopes: Trend Envelopes indicator is calculated based on a % of price change. That % is then used to determine if there is a new trend or trend remains the same. This version is using Standard Deviation for the price change calculation instead, which makes it more self adjusting...

Schaff Trend Cycle CD - NonLag MA: Schaff Trend Cycle CD is usually calculated using Signal line of the MACD, meaning EMA (Exponential Moving Average) of the difference of two EMAs (Exponential Moving Averages). This version uses a much "faster" moving average than EMA (NonLag MA) for that...

Ultra Trend - Zero Lag TEMA: Ultra Trend is an indicator that uses different period averages (usually it is JMA), checks their slopes and calculates the trend from those slopes. This version is using a "fast" (fast in response to market changes) Zero Lag TEMA for trend calculations. It is a...

Ultra Trend - Zero Lag DEMA: Ultra Trend is an indicator that uses different period averages (usually it is JMA), checks their slopes and calculates the trend from those slopes. This version is using a "fast" (fast in response to market changes) Zero Lag DEMA for trend calculations. It is a...

Mikko Breakout: Indicator based on a break of previous highest high or lowest low. You can chose a display type too: Display lines, Display bars, Display candles, Automatic (depends on a chart display type how the indicator will draw values). Author: Mladen Rakic

Schaff Trend Cycle - NonLag MA: Schaff Trend Cycle is usually calculated using MACD, meaning the difference of two EMAs (Exponential Moving Averages). This version uses a much "faster" moving average than EMA (NonLag MA) for that calculation which makes the resulting MACD "faster" and thus...

Daily Balance Sheet: This indicator allows you to plan your financial balance. Author: MasKabul

Hull Moving Average: The Hull Moving Average (HMA) is an extremely fast and smooth Moving Average that almost eliminates lag altogether and manages to improve smoothing at the same time. Author: jnr314

BB Stops JMA: Well known BB Stops (Bollinger Bands Stops) indicator with some additions and further adapting to MetaTrader 5 usage. In this version JMA (Jurik Moving Average) is used for calculation. BB stops mostly can be used two ways: As "trending" indicator, As indicator to be used for...

Center of Gravity Modification: Original Code by NG3110@latchess.com, last version: https://www.mql5.com/en/code/10548 Added: Channel adjustments: press 1 to widen, press 2 to tighten channel. Modified: Movable red dot (see the screenshot below), Lines on the chart, Input parameters. Arcs:...

Parabolic Weighted Moving Average: Linear Weighted Moving Average calculates the average by assigning different weights to every element it is using in calculation, but does it with simple liner weights. For example, in LWMA(10) first price (current) has the weight 10, previous 9, before...

KeyboardTrade: This tool is for trading with keyboard input, it supports "Send order", "Set Stop Loss", "Set Take Profit", and "Close order". 1. Send Order Command Buy: b,lots,price,sl,tp Sell: s,lots,price,sl,tp Example Buy 0.1 lots EURUSD on 1.16000, set Stop Loss on 1.15500, and set Take...

JMA TRIX Log: TRIX is a momentum oscillator that displays the percent rate of change of a Triple Exponentially Smoothed Moving Average. It was developed in the early 1980's by Jack Hutson, an editor for "Technical Analysis of Stocks and Commodities" magazine. With its triple smoothing, TRIX...