Indicator ASO (Average Sentiment Oscillator) displays the general market climate.
It has four configurable parameters:
Bulls = MA(BL, Smoothing period, Method) Bears = MA(BR, Smoothing period, Method)
BL = (IBL+GBL)/2 BR = (IBR+GBR)/2
BL = IBL BR = IBR
Group Algorithm Mode:
BL = GBL BR = GBR IBL = 50 * (Close - Low + High - Open)/(High - Low) IBR = 50 * (High - Close + Open - Low)/(High - Low) GBL = 50*(Close - GL + GH - GO)/(GH - GL) GBR = 50*(GH - Close + GO - GL)/(GH - GL)
Fig 1. Combined Mode
Fig. 2. Intra-bar Mode
Fig. 2. Group Algorithm Mode
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/21159
This indicator calculates the index of a given currency, using the USD index. It is based on indicator SymbolX, but four prices are used for calculations: OHLC instead of just one Close price.SymbolX
This indicator calculates the index of a given currency, using the USD index. The Close prices of six currency pairs are used to calculate the index.
Indicator CA (Corrected Average), also known as Optimal Moving Average. The benefit of the indicator is the fact that the current value of the timeseries must exceed the current threshold that depends on volatility for the indicator line to follow the price, avoiding false signals in the trend.DMX
Indicator DMX (Bipolar DMI) is calculated using the standard indicator ADX. However, as compared to that, it displays data as an oscillator with a signal line, and has shorter delay.