Watch how to download trading robots for free

Find us on Telegram!
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:

3947

Rating:

(10)

Published:

2018.06.18 10:27

GAPO.mq5 (8.19 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

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.

It is computed during the specified time interval (5 days by default), using the price action only.

It was developed by Jayanthi Gopalakrishnan to measure the dynamic nature of financial markets, based on works by Mandelbrot.

It has one input parameter:

Period - calculation period.

Calculations:

GAPO[i] = Log(Max-Min)/Log(Period)

where:

Max, Min are the highest and the lowest price within the specified interval (Period).

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20800

ERVI

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

ESM

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

Glitch_Index

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

Linda's Coil

Linda's Coil - an indicator of "engulfed" candlesticks.

GAPO - indicator for MetaTrader 5