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Elite indicators - metatrader 5 version :) - page 3

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Mladen Rakic
56513
Mladen Rakic  

Xchaff trend cycle CD ...

Schaff trend cycle CD for metatrader 5 too ...


Same rules as for Schaff trend cycle

Mladen Rakic
56513
Mladen Rakic  

Leader of the MACD ...

One more indicator for metatrader 5.

This is the Leader of the MACD as described by Giorgos E. Siligardos in the attached article. In short, in this indicator there are 2 indicators in 1. A regular MACD (which is drawn as lines (colored line is a regular MACD and dotted line is signal)) and the "Leader MACD" indicator (which is drawn as shaded areas) Using shaded ares gives us a clearer view of the 2 indicators and a much easier way of reading the 2 (which was not the case with metatrader 4 version - it was very hard to read the whole thing)

PS: attaching the article so one can read about how to use the indicator. Giorgos E. Siligardos describes very precisely what did he had in mind when he was creating the indicator and if one wants to use this indicator, reading the article prior to using it is a must

leader_of_the_macd.mq5

leader_of_the_macd.pdf

Mladen Rakic
56513
Mladen Rakic  

ZeroLag tema metatrader 5 version ...

Metatrader 5 version of Zero lag tema indicator


In this one there are some additions that do not exist in the metatrdaer 4 version. Prices have now all the Heiken ashi equivalents of regular prices (so if there is close there is Heiken ashi close too and so on ... ) as well as one additional that is kept in order to have same values as the original indicator : Heiken ashi average which is calculated as (ha open+ha close+ha high+ha low)/4. Display ca be adjusted to bars or candles and also one can chose if lines are visible or not.

It is a multi time frame with alerts indicator too, so, more or less, it covers all the basic needs of an indicator

zerolag_tema_bars.mq5

Files:
zl_tema_5.png 64 kb
Mladen Rakic
56513
Mladen Rakic  

Keltner channel ...

Keltner channel with some additional options for metatrader 5 ...


In the original Keltner channel moving average used is the simple moving average and it uses ranges for bands calculation (not average true range, but average range). Added the most commonly used EMA calculation for middle line too. Additional options are : if you wish to see the middle line or not, if you wish to see bars colored on slope (bars or candles) additional heiken ashi prices, and some more ... Here is an example with 1 hour heiken ashi typical price used on a 30 minute chart

keltner_channel.mq5

Files:
keltner_5.png 64 kb
Mladen Rakic
56513
Mladen Rakic  

Spearman rank (auto)correlation ...

Spearman rank (auto)correlation for metatrader 5 ...

The auto addition is because this indicator in fact does that : shows a correlation to itself (so it is an auto-correlation version of Spearman rank indicator) Added Zones (for easier spotting of upper or lower level crossing) as well as the usual heiken ashi choices of prices (here is an example with heiken ashi average (ha open+ha close+ha high+ha low/4) price used in calculation)

spearman_rank_autocorrelation.mq5

Mladen Rakic
56513
Mladen Rakic  

Guppy mma of averages ...

Guppy mma of averages for metatrader 5. It even looks a bit like a Christmas tree (colors) so, a merry Christmas to all celebrating it ...


In this one there is no need to explain which averages are used since all the averages have their textual names and descriptions in the indicator (all 17) as well as all choices of prices. As an example, here is a Guppy mma of dema using heiken ashi close prices for calculation

guppy_mma_of_averages.mq5

PS: volumes used in volume weighted moving average are tick volumes.

Mladen Rakic
56513
Mladen Rakic  

Blau cnadlestick indicators (osciallators)

These are metatrader 5 versions of indicators posted here : https://www.mql5.com/en/forum/general

Some appearance change (since metatrader 5 has the filler area so there is no need to use histogram) but other than that calculation-wise it is the same as metatrader 4 version. As it appears, it is a useful indicator (the example picture is with default settings for both versions)

Mladen Rakic
56513
Mladen Rakic  

Parabolic SAR ...

I could write a lengthy story of reasons why posting this one, but I will keep it short ...

Posting this since metatrader 5 built in version is having the same error as metatrader 4 version, which is rather disappointing. Even more they posted an one in the "examples" which works OK!!!!!! So much about serious development of a new trading platform

I said that the one in examples works OK as far as values are concerned. This one is much simpler in code, the function can use any value for SAR calculation (not just prices) and even in this version you can choose which price do you wish to be used in calculation. As an interesting example : here is how SAR of close with step set to 0.01 looks like (compare it to high-low SAR and it will look completely differently) :

Files:
psar_5.png 68 kb
Mladen Rakic
56513
Mladen Rakic  

Composite RSI ...

This is a metatrader 5 version of composite RSI indicator (from this post https://www.mql5.com/en/forum/general )

Mladen Rakic
56513
Mladen Rakic  

Keltner channel oscillator ...

Keltner channel oscillator - metatrader 5 version.

In my opinion, it is a bit easier to monitor for breakouts in this form of a channel. This indicator is already a mtf version too

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