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

Simple harmonic index - indicator for MetaTrader 5

Mladen Rakic

Views:
1626
Rating:
votes: 7
Published:
2019.02.11 19:26
SHI.mq5 (6.54 KB)view

Theory :

The indicator is based on Akram El Sherbini's article "Time Cycle Oscillators" published in IFTA journal 2018.

The simple harmonic index (SHI) is based on the derivations of the simple harmonic equation

Usage :

The trading tactic used for the simple harmonic index is merely the centerline crossover. A buy signal is generated when the SHI line moves above the zero level to turn positive. The period of the bull cycle rises, leading to an increase in price displacement. A sell signal is generated when the SHI line crosses down the centerline to turn negative.



Wave period oscillator Wave period oscillator

Wave period oscillator

RMA - multi time frame RMA - multi time frame

RMA - multi time frame version

Simple harmonic oscillator Simple harmonic oscillator

Simple harmonic oscillator

Export Deals History Export Deals History

Export history of deals from MT5 retail hedging account selected between two dates. The resulting file is CSV that can be opened/imported with any spreadsheet software.