Download MetaTrader 5

Ocean theory based indicators - page 4

To add comments, please log in or register
Mladen Rakic
67876
Mladen Rakic  

Natural market mirror ocean index - metatrader 5 version

Natural market mirror ocean index - metatrader 5 version

Difference in parameters : there is no difference in parameters compared to it's metatrader 4 counterpart.

Mladen Rakic
67876
Mladen Rakic  

Natural market slope

Natural market slope

Description

Natural market slope

Usage

Parameters :

NMS.Period -> period of natural market slope calculation

NMS.Price -> price to use in calculations

TEMA.Period -> period for pre-processing tema (triple EMA) smoothing of price

Files:
ocn_nms.mq4 5 kb
ocn_-_nms.gif 15 kb
Mladen Rakic
67876
Mladen Rakic  

Natural market slope & SD hist

Natural market slope with standard deviations and historical extremes

Parameters :
NMS.Period -> period of natural market slope calculation

NMS.Price -> price to use in calculations

TEMA.Period -> period for pre-processing tema (triple EMA) smoothing of price

Show.StandarsDeviationsd-> Should the indicator calculate and show standard deviations or not

SD.Period-> Standard deviations calculating period

SD.Up-> Standard deviations multiplier for upper band

SD.Down-> Standard deviations multiplier for lower band

Show.HistoricalExtreme-> Should the indicator calculate and show historical extremes or not

SD.Period-> Period for determining historical extremes

Updated version posted here : https://www.mql5.com/en/forum/179737

Mladen Rakic
67876
Mladen Rakic  

Natural market slope & ocn mas

Natural market slope with natural moving averages

Parameters :
NMS.Period -> period of natural market slope calculation and for natural moving averages calculations

NMS.Price -> price to use in calculations

TEMA.Period -> period for pre-processing tema (triple EMA) smoothing of price

Updated version posted here : https://www.mql5.com/en/forum/179737

Mladen Rakic
67876
Mladen Rakic  

Natural market slope - metatrader 5 version

Natural market slope - metatrader 5 version

Difference in parameters : there is no difference in parameters compared to it's metatrader 4 counterpart.

Files:
Mladen Rakic
67876
Mladen Rakic  

Natural market slope & SD hist metatrader 5 version

Natural market slope with stndard deviations and historical extremes metatrader 5 version

Difference in parameters : there is no difference in parameters compared to it's metatrader 4 counterpart.

Mladen Rakic
67876
Mladen Rakic  

Natural market slope & ocean mas

Natural market slope with natural moving averages - metatrader 5 version

Difference in parameters : there is no difference in parameters compared to it's metatrader 4 counterpart.

Mladen Rakic
67876
Mladen Rakic  

...

One more slight deviation here :

The basis for natural market slope calculation is quite interesting : it is calculating a series of NMS.Period linear regression slopes, and, according to their weights, makes something that is a "prevailing" slope.

This way of calculating - finding out - a trend seems to be an effective one. An idea very similar to this (not calculating linear regression, but taking into account successive values of some indicator and than finding out the trend from their values) is a core of Mark Jurik's composite fractal behavior (CFB), for example. I did not take a deeper look at who actually came up with this kind of idea first, but since the underlying math is completely different, in this case it really does not matter either.

________________________________

Hence I decided to experiment a bit with this one (because the calculating way and because it is giving results that are useful) : this is a variation of the "with ocean averages" version in a sense that I was curious what effect would a "post smoothing" have on a result of this indicator. So I used a two pole smoother on a result (natural moving averages) in order to test if it would change results in a "dramatic" (visible at first glance) way. And it seems, that unlike the smoothed versions of natural moving averages on a price when results are "really visible", when the same smoothing is applied to a natural moving average of an oscillator results are not differing from the original in a significant way (neither as the "smoothness" is concerned, nor as the signals timings are concerned)

________________________________

Anyway, here is the "smoothed" version and it's comparison to the "non-smoothed" version. I compared the both with TEMA pre-smoothing turned off (TEMA smoothing period 1) in order to have "worst case data" for averages.

Updated version posted here : https://www.mql5.com/en/forum/179737

Mladen Rakic
67876
Mladen Rakic  

Natural market river

Natural market river

Description

Natural market river

Usage
Parameters :
NMR.Period -> period of natural market river calculation

NMR.Price -> price to use in calculations

TEMA.Period -> period for pre-processing tema (triple EMA) smoothing of price

Updated version posted here : https://www.mql5.com/en/forum/179737

Files:
ocn_-_nmr.gif 16 kb
ocn_nmr.mq4 5 kb
Mladen Rakic
67876
Mladen Rakic  

Natural market river & SD hist

Natural market river with standard deviations and historical extremes

Parameters :
NMR.Period -> period of natural market river calculation

NMR.Price -> price to use in calculations

TEMA.Period -> period for pre-processing tema (triple EMA) smoothing of price

Show.StandarsDeviationsd-> Should the indicator calculate and show standard deviations or not

SD.Period-> Standard deviations calculating period

SD.Up-> Standard deviations multiplier for upper band

SD.Down-> Standard deviations multiplier for lower band

Show.HistoricalExtreme-> Should the indicator calculate and show historical extremes or not

SD.Period-> Period for determining historical extremes

______________________

Updated version posted here : https://www.mql5.com/en/forum/179737

To add comments, please log in or register