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Indicators

VQ bars - indicator for MetaTrader 5

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Published by:
Nikolay Kositsin
Views:
3872
Rating:
votes: 16
Published:
2012.01.20 11:22
Updated:
2016.11.22 07:32
vqbars.mq5 (8.38 KB)view
\MQL5\Include\

Real author:

raff1410

Trend indicator that sets color dots on a price chart according to a trend direction.

Smoothing algorithms can be selected out of ten possible versions:

  1. SMA - simple moving average;
  2. EMA - exponential moving average;
  3. SMMA - smoothed moving average;
  4. LWMA - linear weighted moving average;
  5. JJMA - JMA adaptive average;
  6. JurX - ultralinear smoothing;
  7. ParMA - parabolic smoothing;
  8. T3 - Tillson's multiple exponential smoothing;
  9. VIDYA - smoothing with the use of Tushar Chande's algorithm;
  10. AMA - smoothing with the use of Perry Kaufman's algorithm.

It should be noted that Phase 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".

This indicator was first implemented in MQL4 and published in Code Base 17.07.2008.

VQbars

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/709

Break_Lag_ATR Break_Lag_ATR

The indicator showing volatility breakout as a histogram and serving as a signal for market entry/exit/position reversal or position volume increasing.

Heiken_Ashi_Smoothed_HTF_Signal Heiken_Ashi_Smoothed_HTF_Signal

Heiken_Ashi_Smoothed_HTF_Signal displays trend direction as a sequence of graphical objects, the trend is determined by Heiken_Ashi_Smoothed indicator.

DinapoliTargets DinapoliTargets

The indicator draws a grid of possible future levels of price.

IncTemaOnArray IncTemaOnArray

The CTemaOnArray class is intended for calculation of TEMA (Triple Exponential Moving Average) on an indicator buffer.