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

Indicators

Range_Contraction - indicator for MetaTrader 5

Scriptor | English Русский 中文 Español Deutsch 日本語 Português

Views:
879
Rating:
votes: 9
Published:
2018.07.09 11:04
Updated:
2018.09.17 10:56

The oscillator displays in a separate window the yesterday/today ranges ratio.

"If yesterday's range was narrower than the previous day's one, it may be an explosive movement today." (Toby Crabel)

It has one input parameter:

  • Threshold - threshold(*)

* If yesterday's range is narrower than the Threshold and the previous day's range was wider than yesterday's range, then a good movement can be expected today.

Calculation:

Range = (High - Low) / ((PrevHigh - PrevLow) / 100.0)

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/20987

Polynomial_Regression_Slope Polynomial_Regression_Slope

Oscillator of polynomial regression slope.

Renko Level EA Renko Level EA

An Expert Advisor based on indicator Renko Level

Reverse_MACD Reverse_MACD

An information-forecast MACD on the price chart

Speed_of_trade Speed_of_trade

Indicator Speed of Trade