Watch how to download trading robots for free
Find us on Facebook!
Join our fan page
Join our fan page
You liked the script? Try it in the MetaTrader 5 terminal
Dual differentiator - indicator for MetaTrader 5
- Views:
- 6659
- Rating:
- Published:
- 2019.01.19 12:01
- Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
Theory :
John Ehlers made one more indicator that was targeting the measuring of cycles / periods of the market. He called it "Dual differentiator". Without too much explanation, here it is. It is not a directional indicator. It shows us if the underlying market is in a changing mode (the values are falling) or trending mode (the values are rising)
Usage :
It can be used as a sort of a momentum indicator as well as a way of adapting other indicators
MACD with on-chart SR levels
MACD with on-chart SR levels
Smoothed WPR with floating levels and on chart support / resistance levelsSmoothed WPR with floating levels and on chart support / resistance levels
Dual differentiator adaptive EMA
Dual differentiator adaptive EMA
ms-Candle-Index. Indicator of the strength of the direction of the candle.The indicator determines the index of the direction of the bar prices and the Gap/breaks in them. It is a logical continuation of the ms-Candle indicator.