In this indicator the smoothing is applied to all elements of a price candlestick: Open, Low, High and Close.
The indicator provides a clear graphical representation of a current market trend. A color of a candlestick indicates trend direction and its body size shows the power of the current trend.
This indicator allows to select a smoothing type out of ten possible versions:
It should be noted that Phase type parameters for different smoothing algorithms have completely different meaning. For JMA it is an external Phase variable changing from -100 to +100. For T3 it is a smoothing ratio multiplied by 100 for better visualization, for VIDYA it is a CMO oscillator period and for AMA it is a slow EMA period. In other algorithms these parameters do not affect smoothing. For AMA fast EMA period is a fixed value and is equal to 2 by default. The ratio of raising to the power is also equal to 2 for AMA.
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/536
Ease of Movement technical indicator is used to display the ratio between prices change rate and market volume.Stochastic RVI
Stochastic RVI is a standard Stochastic Oscillator applied to the values of RVI (Relative Vigor Index) indicator instead of a price.
The current time position in relation to the beginning and the end of the bar is shown. In addition the ratio between the time passed since the beginning of the bar and the whole bar duration expressed in percents is given. It is useful for choosing the moment of making a trade decision.Mass Index (MI)
The Mass Index is intended for detection of trend reversals based on changes in the bandwidth between the highest and the lowest prices.