CHO Color N Bars - indicator for MetaTrader 5
The i Chaikin (Chaikin Oscillator, CHO) indicator determines the trend at a given interval (parameter ' CHO: trend N Bars '). There can be three types of trend in total: no trend, up trend and down trend. Color display is implemented using the DRAW_COLOR_LINE graphic style.
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Market Condition Evaluation based on standard indicators in Metatrader 5
Sergey Golubev, 2021.11.13 09:34
Aroon - indicator for MetaTrader 5
Aroon indicator was developed by Tushar S. Chande, CEO of the "Tuscarora Capital Management" company and the author of the books "The New Technical Trader: Boost Your Profit by Plugging into the Latest Indicators" and "Beyond Technical Analysis: How to Develop and Implement a Winning Trading System" in 1995 to determine trend direction and strength.
Its main advantage is to allow a trader to determine the beginning of a new trend, or the end of an existing trend.
AroonOscillator - indicator for MetaTrader 5
Four levels have been added to the input parameters and the description of these levels is displayed in the indicator subwindow.
Aroon Simple - expert for MetaTrader 5
A very lightweight strategy based on the Aroon custom indicator.
The indicator is created on the specified ' Working timeframe' timeframe - the same timeframe is used to determine the moment when a new bar is born. The EA checks the signal only at the moment of the birth of a new bar, trades only with a constant lot (parameter ' Lots '), does not have Stop Loss, Take Profit, or Trailing - positions are closed with an opposite signal.
Aroon Simple 2 - expert for MetaTrader 5
Learn how to design a trading system by Williams PR
We will learn that through many topics in this article the same as the following:
Learn how to design a trading system by Chaikin Oscillator
Here is a new article that completes our series about learning how to design a trading system by the most popular technical indicators because we will learn how to do that using a new technical indicator which is the Chaikin Oscillator.
We will learn about this technical indicator in detail through the following topics:
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