This indicator is a standard Commodity Channel Index with the standard average deviation formula and the possibility to select smoothing algorithm and dynamically changing oversold/overbought levels.
The only difference of this indicator from its standard equivalent is the possibility to change the smoothing algorithm by selecting an appropriate one out of ten algorithms present:
It should be noted that Phase parameter has completely different meaning for different smoothing algorithms.
Oversold/overbought levels are indicated in dynamically changing variant based on the Bollinger Bands ® to provide more accurate work with them.
The indicator uses SmoothAlgorithms.mqh library classes (must be copied to the terminal_data_folder\MQL5\Include). The use of the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/490
ATR Channels create price movement channels considering ATR (Average True Range).DailyPivot Shift
DailyPivot_Shift indicator differs from the common DailyPivot indicator, as the main levels can be calculated with day start shift.
DailyPivot_Shift indicator differs from the common DailyPivot indicator, as the main levels can be calculated with day start shift. This variant of the DailyPivot_Shift_Full indicator can be built for any chart bar and allows to clearly see the market behaviour relative to the indicator levels at each bar.ATR ratio
The indicator of the ratio between fast Average True Range (ATR) and slow ATR.