Watch how to download trading robots for free

Find us on Facebook!
Join our fan page

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

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

Views:

3811

Rating:

(12)

Published:

18 June 2018, 10:26

Updated:

4 October 2018, 10:25

ERVI.mq5 (9.51 KB) view

Download as ZIP How to download code from MetaEditor

Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

Oscillator ERVI (Ehlers' Relative Vigor Index) based on the relative vigor index by John F. Ehlers.

It has one input parameter:

Period - calculation period.

Calculations:

RVI[i] = Num/Denom
Signal[i] = (RVI[i] + 2*RVI[i-1] + 2*RVI[i-2] + RVI[i-3])/6

where:

Num = SMA(Value1, Period)
Denom = SMA(Value2, Period)
Value1[i] = ((Close[i] - Open[i]) + 2*(Close[i-1] - Open[i-1]) + 2*(Close[i-2] - Open[i-2]) + (Close[i-3] - Open[i-3]))/6
Value2[i] = ((High[i] - Low[i]) + 2*(High[i-1] - Low[i-1]) + 2*(High[i-2] - Low[i-2]) + (High[i-3] - Low[i-3]))/6

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20798

ESM

Indicator ESM (Elsig's Shifting Mean) shows the averaged shift of price over the specified time interval (bars).

Advance_Decline_Line

Indicator ADL (Advances/Declines Line) shows the ratio of positive and negative price increments over a specified time interval.

GAPO

GAPO (Gopalakrishnan Range Index Oscillator) assesses quantitatively the volatility of an instrument, based on the trading range logarithm over an N-day period of time.

Glitch_Index

Glitch_Index - indicator of the price deviation from its average value.

ERVI - indicator for MetaTrader 5