Watch how to download trading robots for free

Find us on Twitter!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Views:

6526

Rating:

(13)

Published:

2018.10.25 18:33

Hurst_Bands.mq5 (14.34 KB) view

Download as ZIP, How to download code from MetaEditor

Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

James (Jim) M. Hurst bands form % of bands around the median calculated using the Hurst equation. External bands (called ExtremeBands) mean extreme overbought/oversold conditions. Internal bands mean potential price return points. They also act as dynamic support/resistance levels.

The indicator has seven adjustable parameters:

Period - calculation period
Inner value - internal bands deviation value
Outer value - external bands deviation value
Extreme value - extreme bands deviation value
Show extreme lines - display the lines of extreme values
Show outer lines - display the lines of external values
Show inner lines - display the lines of internal values

Calculation:

Center   = MA[Period/2-1]
HExtreme = Center * (1+Extreme value/100)
LExtreme = Center * (1-Extreme value/100)
HOuter   = Center * (1+Outer value/100)
LOuter   = Center * (1-Outer value/100)
HInner   = Center * (1+Inner value/100)
LInner   = Center * (1-Inner value/100)

where:

MA = SMA(PRICE_MEDIAN, Period)

Hurst bands are often used together with Hurst oscillator, in particular, to search for divergences between bands and oscillator lines.

Fig. 1. Hurst bands

Fig. 2. Hurst bands and Hurst oscillator

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22195

XHullTrend_Digit_System

The indicator implements a breakout system using the XHullTrend_Digit indicator cloud

Hurst_Oscillator

Hurst oscillator indicator

Effort_Result

Effort Result indicator

DNC_Percentage

DNC Percentage indicator

Hurst_Bands - indicator for MetaTrader 5