Looks like Mouteki without the crossing of the lines (breaking of a trend) but rather a simple change in line color and direction.
Looks like mouteki???
Autochartist is a pattern recognition software
From the website link posted ABOVE
- Head and Shoulders
- Symmetrical Triangles
- Ascending Triangles
- Descending Triangles
- Wedge Continuations
- Wedge Reversals
- Double Tops
- Double Bottoms
- Triple Tops
Too far away from Mouteki man.
BTW, Mouteki or I must say Tom Demark level 1/2 validation breakouts.
I think what are you looking for is here
Or you can have for free opening an account with some brokers. Check the subscribe link.
Chandelier stop indicator
Does anyone have a chandelier stop histogram indicator that uses just a bar going across the bottom that shows either red or green? I have an idea for an EA I want to test with this indicator but I think it would be easier to make if its just a bar showing red or green rather than like a regular indicator.
Free Forex Software, Free Esignal Data Feed, Free Forex Training
If the administrators of this forum has nothing against it I propose to make a thread for elite indicators (able to download only from elite section)
When I will make any new tool I will post it here...
The first is Multi Timeframe RSI with Multi Timeframe Moving Average
RSI_EMA_MTF: see post #1 of this thread.
Just some other RSI indicators:
- BBRSI&MA_v2 (attached).
- MAofRSI_v1 (attached).
Igorad created very interesting indicator:
I think it'll be interesting info for you:
- so-called normal RSI uses EMA smoothing with period = 2*Length-1
(or Wilder's smoothing with period=Length).
I've developed RSI indicator with my algorithm of calculation.
Now you can use any values for Length and any kinds of smoothing.
In this case normal RSI has default settings:
Price = 0; // Applied Price(0-Close;1-Open;2-High;3-Low;4-Median;5-Typical;6-Weighted)
Length = 27; // Period of evaluation
MA_Mode = 1; //Mode of MA (0-SMA;1-EMA;2-SMMA;3-LWMA)
Small by very good thread by Kalenzo: Price Trender indicators.
My funny mod of a macd to look like eSignal MACD.
Some indicators, aticles, and EAs:
- We have some good thread related to this subject.
- Some indicators you may find here (VoltyChannel_Stop indicator with settings explanation and here.
- BBands_Stop indicator with settings explanation (and new version is attached).
- And we have this thread with indicators (for MT3) and this one (MT4).
- And we have this e-book.
- Historical Volatility Ratio indicator is here.
- Volatility Quality Index indicator is here.
- Chaikin Volatility - New Stuff thread.
Some new versions of the indicators are attached.
And some usefull information as well (from Achelis:Technical Analysis from A to Z):
Standard Deviation indicator.
Standard Deviation is typically used as a component of
other indicators, rather than as a stand-alone indicator.
For example, Bollinger Bands are calculated by adding
a security's Standard Deviation to a moving average.
High Standard Deviation values occur when the data
item being analyzed (e.g., prices or an indicator) is
changing dramatically. Similarly, low Standard Deviation values occur
when prices are stable.
Many analysts feel that major tops are accompanied
with high volatility as investors struggle with both
euphoria and fear. Major bottoms are expected to be
The difference between Bollinger Bands and envelopes is
envelopes are plotted at a fixed percentage above and
below a moving average, whereas Bollinger Bands are
plotted at standard deviation levels above and below a moving average. Since standard deviation is a measure of volatility,
the bands are self-adjusting: widening during volatile
markets and contracting during calmer periods.
Bollinger Bands were created by John Bollinger.
Bollinger Bands are usually displayed on top of security prices,
but they can be displayed on an indicator.
These comments refer to bands displayed on prices.
As with moving average envelopes, the basic interpretation of
Bollinger Bands is that prices tend to stay within
the upper- and lower-band. The distinctive characteristic of
Bollinger Bands is that the spacing between the bands
varies based on the volatility of the prices.
During periods of extreme price changes (i.e., high volatility),
the bands widen to become more forgiving.
During periods of stagnant pricing (i.e., low volatility),
the bands narrow to contain prices.
Mr. Bollinger notes the following characteristics of
- Sharp price changes tend to occur after the bands tighten,
as volatility lessens.
- When prices move outside the bands, a continuation of
the current trend is implied.
- Bottoms and tops made outside the bands followed by
bottoms and tops made inside the bands call for reversals in the trend.
- A move that originates at one band tends to go all
the way to the other band. This observation is useful
Average True Range.
It was introduced by Welles Wilder in his book,
New Concepts in Technical Trading Systems, and
has since been used as a component of many indicators
and trading systems.
Wilder has found that high ATR values often occur
at market bottoms following a "panic" sell-off.
Low Average True Range values are often found
during extended sideways periods, such as those
found at tops and after consolidation periods.
The Average True Range can be interpreted using
the same techniques that are used with the other
volatility indicators. Refer to the discussion on
Standard Deviation for additional information on
Chaikin's Volatility indicator.
a security's high and low prices. It quantifies volatility
as a widening of the range between the high and the low price.
There are two ways to interpret this measure of volatility.
One method assumes that market tops are generally
accompanied by increased volatility (as investors
get nervous and indecisive) and that the latter stages
of a market bottom are generally accompanied
by decreased volatility (as investors get bored).
Another method (Mr. Chaikin's) assumes that an increase
in the Volatility indicator over a relatively short time
period indicates that a bottom is near (e.g., a panic sell-off)
and that a decrease in volatility over a
longer time period indicates an approaching top
(e.g., a mature bull market).
As with almost all experienced investors,
Mr. Chaikin recommends that you do not rely
on any one indicator. He suggests using a moving
average penetration or trading band system
Some more good indicators from Igorad with the explanation of the settings:
- Chaikin's Volatility is here.
- DECEMA in one file is here;
- NonLagMA for separate window with straight color line view is here;
- Bull And Bear Balance Indicator by Vadim Gimelfarb is here;
- NonLagZigZag_v2 is here.
- VolumeAverage indicator (remake from TS version) and VolumeRSI indicator (with Volumes instead Prices) are here.
- MTF Volatility Pivot indicator is on this post and this one.
- Efficiency_v1 with different kinds of noise's calculation.
- Vertical Horizontal Filter (VHF).
What's the relationship between dotted and solid line ? Is it no trade zone if dotted line is above solid line ?