A couple of slow moving averages with different periods form the cloud, the color of which corresponds to a trend direction. Usage of this indicator is almost completely equivalent to the usage of Ichimoku indicator.
Indicator input parameters<:
//+-----------------------------------+ //| Indicator input parameters | //+-----------------------------------+ input uint Up_period1=3; // Period 1 for the highest prices calculation input uint Dn_period1=3; // Period 1 for the lowest prices calculation input uint Up_period2=6; // Period 2 for the highest prices calculation input uint Dn_period2=6; // Period 2 for the lowest prices calculation input uint Up_period3=9; // Period 3 for the highest prices calculation input uint Dn_period3=9; // Period 3 for the lowest prices calculation //---- input MODE_PRICE Up_mode1=HIGH; // Price type 1 for searching for highs input MODE_PRICE Dn_mode1=LOW; // Price type 1 for searching for lows input MODE_PRICE Up_mode2=HIGH; // Price type 2 for searching for highs input MODE_PRICE Dn_mode2=LOW; // Price type 2 for searching for lows input MODE_PRICE Up_mode3=HIGH; // Price type 3 for searching for highs input MODE_PRICE Dn_mode3=LOW; // Price type 3 for searching for lows //---- input Smooth_Method XMA1_Method=MODE_SMA; // Smoothing method 1 input Smooth_Method XMA2_Method=MODE_SMA; // Smoothing method 2 input Smooth_Method XMA3_Method=MODE_SMA; // Smoothing method 3 //---- input int XLength1=8; // Smoothing depth 1 input int XLength2=25; // Smoothing depth 2 input int XLength3=80; // Smoothing depth 3 input int XPhase=15; // Smoothing parameter input int Shift1=0; // Horizontal shift of the indicator 1 in bars input int Shift2=0; // Horizontal shift of the indicator 2 in bars input int Shift3=0; // Horizontal shift of the indicator 3 in bars
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.
Place the XMA_Ichimoku.mq5 indicator compiled file to MQL5\Indicators\.
The indicators use 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/735
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.XMA_Ichimoku
Moving average with calculation algorithm equivalent to the one of Ichimoku Kinko Hyo.