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

2008.02.16 08:51
Indicators

Mass Index - indicator for MetaTrader 4

| English Deutsch Русский 中文 Español 日本語 Português

Views:
11052
Rating:
votes: 3
Mass_Index.mq4 (3.36 KB)view

The Mass Index is intended for detection of trend turns based on changes in the bandwidth between the maximal and the minimal price. If the bandwidth expands, the Mass Index increases, if it narrows, the index decreases.

The Mass Index was developed by Donald Dorsey. According to D. Dorsey, the most important signal from the Mass Index should be a special model constructed by the indicator and called 'reversal bulge'. The reversal bulge is formed when the 25-period mass index, first, exceeds 27 and then falls below 26.5. In this case, the price turn is very possible and, at that, independently on the general nature of the trend, i.e., on that whether prices move up, down or fluctuate within the trading range.


To detect what exactly signal - to buy or to sell - is produced by the reversal bulge, 9-period exponential moving average of prices is frequently used. When a reversal bulge appears, you should buy if the moving average falls (шт reliance on a turn), and sell if it increases.



Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/7059

Volume Rate of Change - VROC Volume Rate of Change - VROC

The indicator is equivalent of one of the oldest classical indicators, ROC. The prices are replaced with volumes in this present indicator.

Williams' Accumulation/Distribution, W A/D Williams' Accumulation/Distribution, W A/D

The indicator Williams' Accumulation/Distribution, W_A/D is the accumulated sum of positive "accumulative" price movements and negative "distributive" ones.

DoubleUp with a twist DoubleUp with a twist

Amazing results. A simple EA Same as doubleUp with an improved lot calculation , less loss ratio, and a simpler double down

GannSwings GannSwings

Indicator GannSwings.