Download MetaTrader 5

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

2011.07.14 16:53
Indicators

Ergodic DTI-Oscillator Blau_Ergodic_DTI - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

Views:
2503
Rating:
votes: 14
\MQL5\Include\

Author: Andrey N. Bolkonsky

Ergodic DTI-Oscillator (based on Directional Trend Index) is described by William Blau in the book "Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis".

  • WilliamBlau.mqh must be placed in terminal_data_folder\MQL5\Include\
  • Blau_Ergodic_DTI.mq5 must be placed in terminal_data_folder\MQL5\Indicators\

Ergodic DTI-Oscillator by William Blau

Ergodic DTI-Oscillator by William Blau

Calculation:

The Ergodic DTI-Oscillator is defined as follows:

Ergodic_DTI(q,r,s,u) = DTI(q,r,s,u)

SignalLine(q,r,s,u,ul) = EMA( Ergodic_DTI(q,r,s,u) ,ul)

where:

  • Ergodic_DTI() - Ergodic Line - Directional Trend Index DTI(q,r,s,u);
  • SignalLine() - Signal Line - EMA(ul), applied to Ergodic Line;
  • ul - smoothing period of a Signal Line.
Input parameters:
  • graphic plot #0 - Ergodic Line (Directional Trend Index тренда):
    • q - number of bars, used in calculation of DTI (by default q=2);
    • r - period of the 1st EMA, applied to DTI (by default r=20);
    • s - period of the 2nd EMA, applied to result of the 1st smoothing (by default s=5);
    • u - period of the 3rd EMA, applied to result of the 2nd smoothing (by default u=3);
  • graphic plot #1 - Signal Line:
    • ul - smoothing period of a Signal Line - EMA(ul), applied to Ergodic (by default ul=3);
Notes:
  • q>0;
  • r>0, s>0, u>0. If  r, s or u are equal to 1, smoothing is not used;
  • ul>0. If ul=1, the Signal Line and Ergodic Line are the same;
  • Min. rates = (q-1+r+s+u+ul-4+1).

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/385

Directional Trend Index Blau_DTI Directional Trend Index Blau_DTI

Directional Trend Index (DTI) Indicator by William Blau.

Composite High/Low Momentum Blau_HLM Composite High/Low Momentum Blau_HLM

Composite High-Low Momentum Indicator by William Blau.

BrainTrend2 BrainTrend2

BrainTrend2 is an indicator of the market trends that assigns colours to candlesticks according to the trend direction.

BrainTrend2Sig BrainTrend2Sig

BrainTrend2Sig is an indicator of the market trends that assigns colors to candlesticks according to the trend direction.