Moving average with calculation algorithm equivalent to the one of Ichimoku Kinko Hyo.
Indicator input parameters:
//+-----------------------------------+ //| Indicator input parameters | //+-----------------------------------+ input uint Up_period=3; // High price calculation period input uint Dn_period=3; // Low price calculation period //---- input MODE_PRICE Up_mode=HIGH; // Highs searching prices input MODE_PRICE Dn_mode=LOW; // Lows searching prices //---- input Smooth_Method XMA_Method=MODE_SMA; // Smoothing method input int XLength=8; // Smoothing depth input int XPhase=15; // Smoothing parameter input int Shift=0; // Horizontal shift of the indicator in bars input int PriceShift=0; // Vertical shift of the indicator in points
Smoothing algorithms can be selected out of ten possible versions:
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 19.09.2010.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/734
This indicator is based on WPR (Larry Williams' Percent Range) and its multiple signal lines analysis.FractalLevels
FractalLevels displays the channel based on fractals.
The HLCrossSig for WPR is considered as a trend indicator, since it is intended for "catching" trends. However, it's a pretty complex and informative indicator that allows excluding the psychological and emotional influence from trading.3XMA_Iсhimoku
The indicator that reminds of Ichimoku Kinko Hyo by its creation and usage principles.