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Published:
2018.07.13 15:20
GB.mq5 (17.29 KB)view

Indicator GB (Gaussian Bands) works in the same manner as standard indicator Bollinger Bands. However, unlike the former, it performs filtering centerline and deviation lines by Gaussian method. It also has two deviation lines on each side of the centerline.

It has five configurable parameters:

  • Period - calculation period;
  • Deviation period - deviations calculation period;
  • First multiplier - a multiplier for the first level of deviations;
  • Second multiplier - a multiplier for the second level of deviations;
  • Applied price - price used for calculations.

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/21162

DMX 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.

CA CA

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.

LeManStop LeManStop

Trend-following indicator LeManStop is a representative of system LeMan and displays Stop Loss levels for the existing positions in the chart. It draws two Stop Loss lines for Long and Short positions, displayed in different colors.

MPO MPO

Indicator MPO (Midpoint Oscillator) displays price movement without its trend component around its centerpoint. It is displayed as two lines: Price movement line and signal line. Centerline (MidPoint) is zero level of the oscillator.