Ocean theory based indicators - page 14
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Updated Smoothed fast natural moving average & standard deviation bands : ocn_nma_fast_amp_sd_smooth_nmc.mq4
Original (with detailed description) was posted here : https://www.mql5.com/en/forum/179737/page2
On the example 1st is without tema filtering second is with tema filtering
Smoothed fast natural moving average & bands
Smoothed fast natural moving average & standard deviation bands
Same as the above except the basis of this one is the smoothed natural moving average
Parameters description :Updated Natural market mirror indicator : ocn_nmm_nmc.mq4
Original (with an explanation) was posted here : https://www.mql5.com/en/forum/179737/page2
Natural market mirror
Natural market mirror indicator
Natural market mirror
Usage
From an absolute perspective, the general rule is that when NMM is above zero, the market is thought to be in a bullish phase and when NMM is bellow zero, the market is thought to be in bearish phase.
Updated Natural market mirror with standard deviations and historical extremes : ocn_nmm_amp_sd_hist_nmc.mq4
Original (with detailed explanation) was posted here : https://www.mql5.com/en/forum/179737/page2
Natural market mirror & SD hist
Natural market mirror with standard deviations and historical extremes
Parameters :Updated Natural market mirror ocean index : ocn_nmm_ocean_index_nmc.mq4
Originally (with detailed description) it was posted here : https://www.mql5.com/en/forum/179737/page2
Natural market mirror ocean index
Natural market mirror ocean index (at first glance looks similar like the " & SD hist" version, but the calculation is different)
Parameters :Ocean natural moving average made new metatrader 4 compatible : ocn_nma_nmc.mq4
Originally it was posted here : https://www.mql5.com/en/forum/179737
Natural moving average
This study displays the Ocean moving average (NMA) The NMA is an adaptive moving average that responds very well to changes in volatility. Unlike its faster companion moving average (the NMA fast), this version is more subdued and docile during very short term swings in the market.
Usage
This version of the Ocean moving average offers a more consistent and stable analysis of price action than does the Fast version (NMA fast). In this respect, it better reflects the underlying tone of the market from a longer-term perspective. I tend to look at the difference between this version and the NMA fast as the difference between the tide and the waves of the Ocean. It's important to know about the waves (the NMA fast version), but ultimately it's the tide that determines how the waves hit the shoreline. Because more data is usually incorporated into the derivation of the NMA, it normally offers a more holistic view of the primary underlying trend of the market
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Prices often return to the support or resistance levels determined by the NMA after long periods of trending behavior. When prices hover near the NMA and then break out by crossing the moving average, the moves tend to be of a longer duration than those resulting from breakouts of the NMA fast. Another way to apply the NMA to trading is by comparing the relative positions of this version (the NMA) and its faster companion study (the NMA fast). When the NMA is trading below the NMA, and particularly when both versions have a negative slope, the market is clearly in a downtrend. Conversely, when the NMA fast is trading above the NMA, and particularly when both versions have a positive slope, the market is clearly in an up-trend.