One more average and variations - key thread for MT4One more average and variations for MT5 - the indicators for MT5 are inside this MT5 thread The following indicators can be found on the above mentioned threads:
CFB tells you how long the market has been in a quality trend. This value can be used to adjust the period length of other indicators, especially stochastic bands. In order to quantify the overall duration of a market's trend, we replaced classical cycle analysis methods (FFT, MEM, MESA) with a form of analysis that works even when no cycles exist. We accomplished this by examining a time series for specific fractal patterns of any size. We then gather all the patterns found and combine them into one overall index, CFB (Composite Fractal Behavior) Index.
Composite Fractal Behavior and its aplications - good thread with the following indicators:
It is very advanced multi timeframe fractal indicator with alerts. There are some good features such as how to show the arrows when showJustOneArrow parameter is set to true :showArrowType parameter :0 -> draw arrow just on the first bar of the target time frame1 -> draw arrow just on the last bar of the target time frame2 -> draw arrow when the high is equal to high fractal or low is equal for low fractalAdditional option is to show the arrow just on the first bar of the target time frame fractal, or to repeat it on every bar belonging to that time frame bar.
Of adaptive lookback
The Adaptive Lookback (period finder) is truly a market-driven indicator used to determine the variable lookback period for many different indicators, instead of a traditional, fixed figure.
It is based on the frequency of market swings - the time between swing highs or swing lows. A swing high is defined as two consecutive higher highs followed by two consecutive lower highs; a swing low is defined by two consecutive lower lows followed by two consecutive higher lows. As swing points typically accompany reversals, they occur more frequently in choppier and volatile markets than in trends.
Adaptive lookback period is determined as :
This makes the variable lookback period grow in calm or trending markets, and shorten in range-bound and volatile markets. For a trend-following system you would like the opposite to prevent being whipsawed, therefore this indicator and it's usage as a period modifier is more suitable for short-term traders and counter-trend systems (so, in all systems where maximal speed of reaction and signaling is required).
Experiment with applying the adaptive lookback period to different indicators and you'll see how more responsive they become in volatile markets. Some of the experiments are going to be posted on this thread with immediate comparison to "non-adaptive" counterparts
Jim Sloman's "Ocean theory" based indicators
from "Dynamic Trading Indicators: Winning with Value Charts and Price Action Profile" book
Metatrader 5 versions of indicators ... - good thread with many indicators for MT5
Do not be confused with the name: The "dynamic zone" indicators floating on the net have almost nothing common at all with these indicators posted/coded by Mladen here based on Stocks & Commodities July 1996 issue.