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Views:: 6987
Rating:: (15)
Published:: 2018.02.28 12:40
Updated:: 2018.02.28 12:41

Instantaneous Trend Line.mq5 (7.44 KB) view

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One of the series of indicators created by John Ehlres. According to Ehlers:

Instantaneous trend Line:

It works because it completely removes the dominant cycle from a smoothing average.

For the mathematically inclined, the Fourier Transform of a rectangular window (formed by a simple average) is a Sin(X)/X distribution. The objective is to place the first null of this distribution exactly at the dominant cycle. For the intuitively inclined, what we are doing is taking a simple average over the full dominant cycle period. In such an average, there are as many sample points above the midpoint as below the midpoint with the result that the sum of all these sample points is zero.

Stochastic DeMarker

This version of DeMarker indicator uses the "help" of smoothed Stochastic to emphasize the states of DeMarker and to help in easier trend assessment.

Balance of Power

Balance of Power, introduced by Igor Livshin, attempts to measure the strength of buyers vs. sellers by assessing the ability of each to push price to an extreme level. Livshin published this indicator in the August 2001 issue of Stocks and Commodities Magazine. This version of indicator calculates the BOP exactly as it is described in the article where it was published.

Instantaneous Trend Line Bands

This version extends the Instantaneous Trend Line indicator with a sort of bands to make it easier to spot trend change and to filter out some false signals that can be produced if only the slope of the ITL indicator is takes for a signal.

Arbitrage Synthetic

A trading robot for performing arbitrage between EURGBP and its synthetic quotes (triangular arbitrage).

Instantaneous Trend Line - indicator for MetaTrader 5