Schaff Trend RSI: Schaff Trend Series indicator that is less known. While Schaff Trend Cycle is a sort of a double smoothed stochastic of a MACD, this is an RSI of the MACD. It partially reminds of a RSI of Moving Average, but the difference is significant enough to have it as a new...
Bulls and Bears: Usually we have one indicator showing bulls power and one showing bears power. Since they are not having the same ranges of values, they can not be just placed in the same window so that we have one all-in-one bulls and bears power window. This indicator makes this, and...
Kaufman AMA MACD: Adaptive Moving Average (AMA) technical indicator is used for constructing a Moving Average with low sensitivity to price series' noises and is characterized by the minimal lag for trend detection. This indicator was developed and described by Perry Kaufman in his book...
Price Channel Stop: A new variation of a well known price channel indicator. The indicator shows the current estimated trend based on channel period and desired risk. It also shows two levels of values that can be used as a stop loss for orders opened based on this indicator (using the trend...
Smoother Momentum Stops: Momentum is usually used for trend or price change direction assessment. This indicator changes that in some way. The stops are calculated using the smoother momentum and the direction of the stops is determined based on the smoother momentum. Apart from direction of...
Sadukey: "Sadukey" indicator is an indicator combining two digital filters on a chart to give us an assessment of current trend. Unfortunately the exact nature of the digital filter is unknown. It is more than probable that the filters were generated by the digital filter generator that was...
New article Testing patterns that arise when trading currency pair baskets. Part III has been published: In this article, we finish testing the patterns that can be detected when trading currency pair baskets. Here we present the results of testing the patterns tracking the movement of pair's...
Nonlinear regression: First, a few words about nonlinear regression: Nonlinear regression is a form of regression analysis in which data is fit to a model and then expressed as a mathematical function. Simple linear regression relates two variables (X and Y) with a straight line (y = mx...
Asymmetric bands: There are a lot of bands type indicators and almost all are working in a very similar way: some basic value is taken to be a central value and the bands are drawn on equal distances up and down. That encloses the prices very well, but usually causes a lag when there is a...
Synthetic smoothed RSI: The idea of this indicator is the same as for the synthetic RSI: Instead of using one RSI, the indicator is using 3 instances of RSI, Those 3 instances of RSI are then used to calculate the "synthetic" value (that is not an average of the 3 since the calculation...
Synthetic RSI: The idea of this indicator is simple: Instead of using one RSI, the indicator is using 3 instances of RSI, Those 3 instances of RSI are then used to calculate the "synthetic" value (that is not an average of the 3 since the calculation differs from an average). As an addition...
Composite Index: Constance Brown's description of Composite Index: The Composite Index was developed to solve the divergence failure problem in the RSI, but its ability to provide specific horizontal levels of support within the indicator adds to its value. The Composite Index takes the...
Polychromatic Momentum: Denis Meyers that invented Polychromatic Momentum, describes it as: Momentum is defined as the difference, or percent change, between the current bar and a bar some lookback period in the past. The major problem with using momentum based indicators is that the...
Dsl - RSI of average: This indicator is using filtered prices for RSI (instead of using "raw" prices) and is using Discontinued Signal Line for trend assessment (instead of using slope or fixed levels). Price filtering prior to RSI calculation helps in making less false signals without...
New article Cross-Platform Expert Advisor: The CExpertAdvisor and CExpertAdvisors Classes has been published: This article deals primarily with the classes CExpertAdvisor and CExpertAdvisors, which serve as the container for all the other components described in this article-series regarding...
New article Creating and testing custom symbols in MetaTrader 5 has been published: Creating custom symbols pushes the boundaries in the development of trading systems and financial market analysis. Now traders are able to plot charts and test trading strategies on an unlimited number of financial...
CDouble & CDoubleVector: A library for common rounding methods used in MQL development, primitive wrapper class for type (double), and vector for CDouble objects. MQL5 and MQL4 compatible! CDouble The CDouble class wraps a value of the primitive type double in an object. In addition, this class...
Permutations and Combinations: Introduction It doesn't happen very often, but every once in awhile one needs to iterate over all of the combinations or permutations of a set of objects. Or more specifically, given a set of N objects, you want to consider k of them at a time (for each...
Multi Timeframe Triple Moving Averages: This indicator allows you to see the Moving Averages from different time frames on the same chart. It helps you to spot the dynamic levels of support and resistance. It uses a custom window with check boxes to show/hide the different Moving Averages without...
Congestion index: A description from a Markos Katsanos book (Intermarket Trading Strategies) : ... The age-old problem for many trading systems is their inability to determine if a trending or trading range market is at hand. Trend-following indicators, such as the MACD or moving averages,...
Start External Process: This script allows you to start any arbitrary external program. Use it as-is or as a starting point for something amazing. In order for this script to work, you will have to allow it to import DLLs. The DLL should be present in computers running the windows operating...
Stochastic of Hull: The Stochastic Oscillator is a momentum indicator comparing the price to the range of its prices over a certain period of time. The sensitivity of the oscillator to market movements is reducible by adjusting that time period or by taking a Moving Average of the result....
Triple DSEMA: Variation of the "triple" series of indicators. Basic version of "triple" indicators is using Hull Moving Average. One possible disadvantage of using Hull Moving Average is that Hull Moving Average is tending to overshoot in some situations. This version uses double smoothed...
Double Smoothed EMA: In his article "Trading With An Adaptive Price Zone", Lee Leibfarth uses an interesting variation of EMA. Even though the author of the article did not use that name, due to the nature of how the indicator is calculated, we are going to use the "double smoothed EMA"....
Dsl - CMO bars: The Chande Momentum Oscillator is a technical momentum indicator invented by Tushar Chande. Chande introduced the indicator in his 1994 book "The New Technical Trader". It is created by calculating the difference between the sum of all recent gains and the sum of all recent...
Dsl - CMO: The Chande Momentum Oscillator is a technical momentum indicator invented by Tushar Chande. Chande introduced the indicator in his 1994 book "The New Technical Trader". It is created by calculating the difference between the sum of all recent gains and the sum of all recent losses...
Schaff trend cycle - tema: The Schaff Trend Cycle (STC) indicator is the product of combining Slow Stochastics and the Moving Average Convergence/Divergence (MACD). The MACD has a reputation as a trend indicator, but it's also notorious for lagging due to its slow responsive signal line. The...
Schaff Trend Cycle - DEMA: The Schaff Trend Cycle (STC) indicator is the product of combining Slow Stochastics and the Moving Average Convergence/Divergence (MACD). The MACD has a reputation as a trend indicator, but it's also notorious for lagging due to its slow responsive signal line. The...