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BeST Variable Index Dynamic Average

5
Variable Index Dynamic Average (VIDYA) developed by Tushar Chande by default is contained in MT5 but not in MT4 platform and it is a dynamic EMA (Exponential Moving Average) that adjusts its Length (LB Period) automatically in response to Market Volatility originally measured through the Chande Momentum Oscillator(CMO).
CMO value is used as the ratio to the smoothing factor of EMA (The New Technical Trader by Tushar Chande and Stanley Kroll, John Wiley and Sons, New York, 1994).
The higher the volatility, the higher the emphasis on price becomes and the faster VIDYA adapts to price changes and so VIDYA generally remains closer to prices than the equivalent common EMA. Hence its responsivness can give us more timely trades, which is the main advantage of using VIDYA.
VIDYA can be used as any moving average, to identify and trade trends.Traders often use its upper and lower borders (bands), that are by N % above and below the VIDYA line and generally in combination with other signals and analysis techniques.

Note
Although originally CMO is used as a measure of Market Volatility for calculating VIDYA we could also use for this any other suitable Market variable like standard deviation of closing prices, the coefficient of determination (r^2) or another momentum oscillator etc. 


Inputs


Vidya Settings
  • Vidya Length – for selecting the LB period (# of bars) during which VIDYA is calculated
  • Vidya Smooth – for selecting the smoothing factor used to calculate VIDYA

Graphical Settings
  • Vidya Line Color 
  • Vidya Line Size

Bewertungen 2
intan08
1382
intan08 2021.11.25 19:12 
 

Brilliant, thanks.

samuelse
14
samuelse 2021.06.07 05:08 
 

Good but I need to learn how to build a buy sell indicator with it.

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How to use Pair Trading Station Pair Trading Station is recommended for H1 time frame and you can use it for any currency pairs. To generate buy and sell signal, follow few steps below to apply Pair Trading Station to your MetaTrader terminal. When you load Pair Trading Station on your chart, Pair Trading station will assess available historical data in your MetaTrader platforms for each currency pair. On your chart, the amount of historical data available will be displayed for each currency pai
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TrendMaestro
Stefano Frisetti
5 (2)
note: this indicator is for METATRADER4, if you want the version for METATRADER5 this is the link:  https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.4 TRENDMAESTRO recognizes a new TREND in the bud, he never makes mistakes. The certainty of identifying a new TREND is priceless. DESCRIPTION TRENDMAESTRO identifies a new TREND in the bud, this indicator examines the volatility, volumes and momentum to identify the moment in which there is an explosion of one or more of these data a
Dieses Dashboard ist ein Warntool zur Verwendung mit dem Indikator für die Umkehrung der Marktstruktur. Sein Hauptzweck besteht darin, Sie auf Umkehrmöglichkeiten in bestimmten Zeitrahmen und auch auf die erneuten Tests der Warnungen (Bestätigung) aufmerksam zu machen, wie es der Indikator tut. Das Dashboard ist so konzipiert, dass es auf einem eigenen Chart sitzt und im Hintergrund arbeitet, um Ihnen Benachrichtigungen zu Ihren ausgewählten Paaren und Zeitrahmen zu senden. Es wurde entwickelt,
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4.78 (139)
Jetzt 147 US -Dollar (nach ein paar Aktualisierungen auf 499 US -Dollar) - Unbegrenzte Konten (PCs oder MACs) RelicusRoad Benutzerhandbuch + Schulungsvideos + Zugang zur privaten Discord-Gruppe + VIP-Status EINE NEUE ART, DEN MARKT ZU BETRACHTEN RelicusRoad ist der weltweit leistungsstärkste Handelsindikator für Forex, Futures, Kryptowährungen, Aktien und Indizes und gibt Händlern alle Informationen und Tools, die sie benötigen, um profitabel zu bleiben. Wir bieten technische Analysen un
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Auswahl:
intan08
1382
intan08 2021.11.25 19:12 
 

Brilliant, thanks.

samuelse
14
samuelse 2021.06.07 05:08 
 

Good but I need to learn how to build a buy sell indicator with it.

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