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Views:: 3741
Rating:: (18)
Published:: 2018.06.19 16:12
Updated:: 2018.09.26 09:55

Sigmoidal normalized T3.mq5 (14.66 KB) view

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One of the usual "games" of a trader is to try to determine when an extreme is reached for some filter or average.

This is one of the possible ways to assess that. In this indicator T3 is sigmoidal (Softmax) normalized - made as oscillator that ranges in 0 to 1 range, and if you use hyperbolic normalization it will range from -1 to +1 range.

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Log Sigmoidal Normalized T3 - indicator for MetaTrader 5