Elite indicators - metatrader 5 version :) - page 58
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Upgraded composite rsi
Added a choice of floating levels of quantile bands, coloring modes changed (to "inherit" the color in periods of long same value holding), code optimization done ...
This is a cfb using a mid quantile band for it's trend no trend calculation, usually the case for cfb if it is sloping up there is a trend but in this case using the crossing of the quantile band for trend or no trend.
Upgraded composite rsi
Added a choice of floating levels of quantile bands, coloring modes changed (to "inherit" the color in periods of long same value holding), code optimization done ...
More upgrades - new coloring modes. New options. Code optimized (especially in floating levels mode)
ADXm for metatrader - the "basic" version
A few words of explanation ...
First the "basic" term :
As of ADXm - according to its original inventor (ANG3110), this is its description :
Unlike the traditional ADX indicator, where the ADX itself is plotted in absolute units and detection of the trend direction is hindered, this indicator clearly displays the positive and negative ADX half-waves (displayed as colored on the chart). And the DI+/- signals are displayed as their difference (gray).
The method of using this indicator is the same as the traditional one.
In addition, it displays the levels (dashed), above which the market is considered to be in a trend state. This level is usually set to approximately 20-25 percents, - somewhat depends on the time frame it is used on.
This version deviates a bit since it allows 3 prices to be used (price for close,high and low where the original does not have prices options at all since it uses fixed close,high and low for calculation), but all the rest (including the results, if default parameters are used) is same. The code itself is not (which is normal, since this is a completely new way it was coded) but in this version it is made to be re-usable code and it can easily be used in any other code. And, unlike the original mt4 version that could repaint the colors on occasions, this version can not repaint (at all)
So, this is the basic version ...
ADXm for metatrader - the "basic" version
A few words of explanation ...
First the "basic" term :
As of ADXm - according to its original inventor (ANG3110), this is its description :
This version deviates a bit since it allows 3 prices to be used (price for close,high and low where the original does not have prices options at all since it uses fixed close,high and low for calculation), but all the rest (including the results, if default parameters are used) is same. The code itself is not (which is normal, since this is a completely new way it was coded) but in this version it is made to be re-usable code and it can easily be used in any other code. And, unlike the original mt4 version that could repaint the colors on occasions, this version can not repaint (at all)
So, this is the basic version ...
Extended version of ADXm posted here : https://www.mql5.com/en/forum/179671/page19
Upgraded version of rsi of adaptive T3 (in way it is an rsioma of adaptive T3 - if the T3 period is set to <=1, then it is a regular RSI)
It can use the 7 types of RSI now :
As usual, some code optimization made and some more options added
Mladen may we please have Chaos Visual 1.4 for MT5 mate?
Mladen may we please have Chaos Visual 1.4 for MT5 mate?
Is there a MT5 version of the "Wave Trend Oscillator" mentioned here?:
https://www.mql5.com/en/forum/175037/page882
It will be made - first the "basic" version will be made though (as a source code of course)