This indicator generates definite buy and sell signals, as its value is close to +1 or -1 most of the time. We should buy when the indicator is crossing -0.5 upwards or 0.5 upwards, in case it has crossed -0.5 upwards some time before. We should sell when the indicator is crossing 0.5 downwards or -0.5 downwards, in case it has not crossed 0.5 downwards some time before.
The indicator uses SmoothAlgorithms.mqh library classes (must be placed 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".
This indicator was first executed in MQL4 and published in Code Base11.05.2009.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/519
Fisher indicator calculates minimum and maximum price levels in previous history, determines direction of a trend and forecasts its reversal.Waddah Attar Explosion
The indicator shows the moments of the market acceleration. Besides, it indicates appropriate time for buying, selling and market exit.
LeManTrend determines a trend position based on the current price and high and low prices for three periods.BrainTrend1 and BrainTrend2
BrainTrend1 and BrainTrend2 are placed in one minimized window to remove excessive elements from a chart workspace. BrainTrend1 (upper square dots) is a basic trend indicator, while BrainTrend2 (lower round dots) is a confirming indicator.