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

Choppy market index - smoothed - indicator for MetaTrader 5

Mladen Rakic

Views:
523
Rating:
votes: 5
Published:
2018.08.24 10:35

Choppy market index indicator (originally published here : Choppy market index) is a useful indicator but it probably lacks one thing: a bit more smoothness.

This version is addressing that issue. The method used is attempting to cut the lag to minimal (or to non-existing) and it seems to be working in an acceptable mode. Smoothing method used are the usual set of 4 average types:

  • simple moving average
  • exponential moving average
  • smoothed moving average
  • linear weighted moving average

Setting the smoothing period to <=1, sets the smoothing off.

PS: a comparison of the smoothed (upper) and regular (lower) values. It is obvious that the smoothed version is much smoother, and that the lag is acceptable even with simple moving average used in this case for smoothing (and sma is the "slowest" average of the averages that can be used for smoothing).

Anchored_Momentum Anchored_Momentum

Anchored Momentum indicator by Rudy Stefenel was first proposed in the "Technical analysis of Stocks and Commodities" magazine in 1998.

Advanced_Fractal_On_MA Advanced_Fractal_On_MA

Advanced Fractal On MA signal indicator searches for fractals of the moving average line. The indicator uses two moving averages for searching upper and lower fractals.

MFI smoothed MFI smoothed

MFI smoothed

PGO TM smoothed PGO TM smoothed

PGO TM smoothed