Good, accurate Reversal Indicators - page 2

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Sergey Golubev
Moderator
105218
Sergey Golubev  
Sergey Golubev:

I did not use WPR Divergence ...

But I found some interesting indicator in CodeBase (for MT5) - 

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WPR_DiverSign - indicator for MetaTrader 5 

WPR_DiverSign - indicator for MetaTrader 5

WPR_DiverSign - indicator for MetaTrader 5

A semaphore signal indicator that uses divergence between two WPR oscillators based on extreme points of the last five bars.

Williams' Percent Range - Oscillators - MetaTrader 5
Williams' Percent Range - Oscillators - MetaTrader 5
  • www.metatrader5.com
Williams’ Percent Range Technical Indicator (%R) is a dynamic technical indicator, which determines whether the market is overbought/oversold. Williams’ %R is very similar to the Stochastic Oscillator. The only difference is that %R has an upside down scale and the Stochastic Oscillator has internal smoothing. Indicator values ranging between...
Nike4X
35
Nike4X  

Hi mladen, 

I have got this indicator developed by  you and it seems to quite promising in higher time frames. But it is hard to use this indicator on MT4 as it is very heavy on CPU. So I have slightly modified it to rely on with a limited number of bars back. Still it is not working properly.

Could you please have a look and improve it.

Mladen Rakic
96006
Mladen Rakic  
Nike4X:

Hi mladen, 

I have got this indicator developed by  you and it seems to quite promising in higher time frames. But it is hard to use this indicator on MT4 as it is very heavy on CPU. So I have slightly modified it to rely on with a limited number of bars back. Still it is not working properly.

Could you please have a look and improve it.

As far as I see that indicator was not developed by me. Maybe you should ask the one that posted it to do the code cleaning (since the coding issues in that code are as many as it gets)

Nike4X
35
Nike4X  

Thanks very much Mladen.

I really respect your great contribution to the community. What are your thoughts around trading systems based on RSI ?  I think RSI is a very good Velocity indicator , but how you incorporate Volume/Mass to it ?

Nike4X
35
Nike4X  

This  custom Bollinger Band indicator is accurately picking the u-turns on the market. With right risk management, you can build a solid trading system around this indicator. 

Files:
on_chart.png 68 kb
Vdub_BB.mq4 7 kb
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