Watch how to download trading robots for free
Find us on Twitter!
Join our fan page
Join our fan page
You liked the script? Try it in the MetaTrader 5 terminal
- Views:
- 9183
- Rating:
- Published:
- 2018.04.13 11:59
-
Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
Indicator based on Hull Moving Average.
How it works
- It calculates the Hull Moving Average.
- Uses the slope of so calculated Hull Moving Average as a criteria for a trend.
- Depending on the display type chosen it then draws:
- colored line.
- colored bars.
- colored candles.
- Display type can be set to adjust automatically (depending on the chart type, the indicator will use the appropriate drawing style).

Rsi(var) indicator with zero lag DEMA.

Rsi(var) indicator with zero lag Moving Average.

Unlike the original Schaff Trend Cycle, this version is using DEMA MACD for calculation, which makes it "faster" in determining the trend changes and thus producing signals a few bars earlier (which can be significant in "scalping" systems).

Unlike the original Schaff Trend Cycle, this version is using TEMA MACD for calculation, which makes it "faster" in determining (even compared to DEMA version) the trend changes and thus producing signals a few bars earlier.