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

Parabolic SAR of average - indicator for MetaTrader 5

Mladen Rakic

Views:
1002
Rating:
votes: 10
Published:
2019.02.26 15:11

Theory :

Parabolic SAR is calculated using high and low prices. This indicator allows you to :

  • use any price (not just high and low)
  • use average of the price (instead of using "raw" price)

Usage :

You can use it as any "regular" SAR. Interesting results can be achieved by using same price for high and low (as in the second example - close price used for both high and low)



3DMa 3DMa

Buffer-free indicator implemented on iCanvas

Intra-day Keltner channel extended Intra-day Keltner channel extended

Intra-day Keltner channel extended

Corrected AMA Corrected AMA

Corrected AMA

RSI + CCI RSI + CCI

RSI with CCI for confitrmation