Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

votes: 12
2016.10.10 15:27
2016.11.22 07:32
i-CAi_StDev.mq5 (15.08 KB)view

Real author:

Alexander Piechotta

The i-CAi indicator with additional trend strength indication using colored dots based on the standard deviation algorithm.

If the standard deviation of the i-CAi indicator is between the dK1 and dK2 parameter values, then a small colored dot appears on the moving average. Its color corresponds to the current trend direction.

input double dK1=1.5;  // Square-law filter coefficient 1
input double dK2=2.5;  // Square-law filter coefficient 2

If the standard deviation becomes higher than the dK2 input parameter value, then the dot size increases. Thus, we get 3 levels of trend strength indication.

  1. Weak — no dots;
  2. Medium — small colored dots;
  3. Strong — big colored dots.

Fig.1. The i-CAi_StDev indicator

Fig.1. The i-CAi_StDev indicator

Translated from Russian by MetaQuotes Software Corp.
Original code:

SMI_Correct SMI_Correct

Variation of the SMI indicator based on the "Momentum, Direction, and Divergence" book by Blau.

ZZLevels ZZLevels

The ZZLevels indicator uses the Simple ZigZag to find the boundaries of the flat, as well as the support and resistance levels.

yEffekt_HTF yEffekt_HTF

The yEffekt indicator with the timeframe selection option available in input parameters.

Simple ZZ Consolidation Zones Simple ZZ Consolidation Zones

More experiments with the Simple ZigZag indicator. A small upgrade allows the indicator to find and mark the price consolidation areas with colored rectangles.