Watch how to download trading robots for free
Find us on Twitter!
Join our fan page
Join our fan page
You liked the script? Try it in the MetaTrader 5 terminal
- Views:
- 17950
- Rating:
- Published:
- 2016.05.16 09:41
-
Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
Author: Igorad
Trend filter. In short, the RSIFilter fails on strong fluctuations, but handles the trend good enough, but if it get improved a bit, it could be able to give clear answers.

Trend filter. In short, the RSIFilter fails on strong fluctuations, but handles the trend good enough, but if it get improved a bit, it could be able to give clear answers.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/7459

Elastic Volume Weighted Moving Average (EVWMA), a natural replacement for the standard moving average.

This is a very simplistic method, one of the best in the signal processing and target tracking.

Trend indicator with a multitude of settings. Displays the direction (red) and strength (blue) of the trend as a two-colored histogram. The main signals are the crossing of the zero line, reaching a new high/low, divergence.

This is an advanced version of RSI. Laguerre converts the signals, so that low-frequency components lag much more that the high-frequency ones.