Elite indicators - metatrader 5 version :) - page 57
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Ehlers inverse fisher transform of rsi, upgraded and with new rsi types added
It can calculate the ift of :
Also, floating or fixed levels are available, 4 types of smoothing, 22 types of prices, multi time framing and alerts. Alerts are triggered based on the choice of color change set in the parameters, in which case you have 3 choices for alerts
Ehlers inverse fisher transform of rsi, upgraded and with new rsi types added
It can calculate the ift of :
Also, floating or fixed levels are available, 4 types of smoothing, 22 types of prices, multi time framing and alerts. Alerts are triggered based on the choice of color change set in the parameters, in which case you have 3 choices for alerts
Is there similar for mt4?
DMI stochastic extreme - extended with multi time frame, alerts and coice of coloring (the usual 3 types of coloring choices)
A quote from a document provided at this post : https://www.mql5.com/en/forum/175037/page946
I don't use those default settings, but parameters allow you to set them as Barbara Starr uses it
iTrend that can display any symbol (and time frame) in the current chart
ATR normalized velocity
This is a version of velocity (which is often called a "smoother momentum" since it is much smoother than momentum without lagging at all) with an addition of atr (average true range) normalization.
Also, since velocity is (even when atr normalization is applied), not an indicator with fixed bounds, this indicator is using floating levels for what is usually called overbought and oversold levels (+ a floating "zero" line is added). Something that would look like a "fixed levels" is easily achieved if you use long floating levels period in which case those levels are quite similar to fixed levels
Indicator is having the usual set of prices and alerts (depending on the 3 type of coloring options) and is already a multi time frame version
ATR normalized velocity
This is a version of velocity (which is often called a "smoother momentum" since it is much smoother than momentum without lagging at all) with an addition of atr (average true range) normalization.
Also, since velocity is (even when atr normalization is applied), not an indicator with fixed bounds, this indicator is using floating levels for what is usually called overbought and oversold levels (+ a floating "zero" line is added). Something that would look like a "fixed levels" is easily achieved if you use long floating levels period in which case those levels are quite similar to fixed levels
Indicator is having the usual set of prices and alerts (depending on the 3 type of coloring options) and is already a multi time frame version
Can it use std for normalization?
sebastianK
Here is a version that can use 4 types
sebastianK
Here is a version that can use 4 types
Aroon oscillator is usually not associated with to much flexibility. It is its nature ...
This version is breaking that. Instead of using fixed levels to find out trends / overbought / oversold conditions, this version is introducing dynamic levels in order to change that rigidness. Levels are calculated using quantile bands (some more information on quantile calculation can be found here : https://en.wikipedia.org/wiki/Quantile) and that changes the way how Aroon oscillator behaves significantly
Entries (and exists) are signaled much faster and, with some parameters experimenting, it can be fine tuned to work in a ways that Aroon oscillator never could be used.
Indicator can use any price combination(s) for calculation (original Aroon oscillator could use only high an low), is multi time frame and already has all the usual alerts built in