Articles, Library comments - page 143

To post a new topic, please log in or register
T3 Stochastic Momentum Index: The Stochastic Momentum Index (SMI) was developed by William Blau and was introduced in the January 1993 issue of Technical Analysis of Stocks & Commodities magazine. It incorporates an interesting twist on the popular Stochastic Oscillator. While the Stochastic...
Directional Efficiency Ratio: The Efficiency Ratio (ER) was first presented by Perry Kaufman in his 1995 book "Smarter Trading". It is calculated by dividing the price change over a period by the absolute sum of the price movements that occurred to achieve that change. The resulting ratio...
Pivot Only: This is a simple indicator showing pivot only for H1, H4, daily, weekly and monthly. Author: Siti Latifah
MACD TEMA: In an article "Smoothing Data With Less Lag" that was a continuation of his research for less lag signaling MACD, Patrick Mulloy decided to use TEMA (Triple Exponential Moving Average) instead of using EMA. Patrick Mulloy: Two opposing properties are always at work in the standard...
MACD DEMA: In his TASC January 1994 article "Smoothing Data With Faster Moving Averages", Patrick Mulloy describes a MACD that does not use EMA for MACD calculation but uses DEMA (Double Exponential Moving Averages). According to him: Patrick Mulloy: By simply extracting the estimate for the...
New article The Channel Breakout pattern has been published: Price trends form price channels that can be observed on financial symbol charts. The breakout of the current channel is one of the strong trend reversal signals. In this article, I suggest a way to automate the process of finding such...
Simulator regular expressions: The script allows you to try regular expressions. Author: Vladimir Karputov
RFR Expert Advisor: The strategy is based on the breakout of daily support and resistance levels. It was backtested and forward tested using real tick with 99% quality with a success rate even with a small account balance. Best use on EURUSD pair but can also use on other pair with the...
Trailing Master: The Expert Advisor that performs order trailing after reaching certain profit. Author: Il Anokhin
Percentage Price Oscillator Extended: The Percentage Price Oscillator Extended (PPO) is a technical Momentum indicator showing the relationship between two Moving Averages. To calculate the PPO, subtract the 26-day Exponential Moving Average (EMA) from the nine-day EMA, and then divide this...
Kase DevStops: Originally developed bu Cynthia Kase (in her book "Trading With the Odds"). This version is calculating the DevStops exactly as described in the book. Engineering a Better Stop: The Kase DevStops What all of this boils down to is that we need to take variance and skew into...
Smoothed Rate of Change: Smoothed Rate of Change (Smoothed-RoC) is a refinement of Rate of Change (RoC) indicator that was developed by Fred G Schutzman. It differs from the RoC in that it based on Exponential Moving Averages (EMAs) rather than on price closes. Like the RoC, Smoothed RoC is a...
Percentage Price Oscillator: The Percentage Price Oscillator (PPO) is a technical Momentum indicator showing the relationship between two Moving Averages. To calculate the PPO, subtract the 26-day Exponential Moving Average (EMA) from the nine-day EMA, and then divide this difference by the...
VisualOpenOrderWithMM: Drag & Drop the script at chart on point where StopLoss should stay. Script will compare desired StopLoss with the current price and determine the type of the order - Buy or Sell. The next step is calculating the volume according Free Margin and the Risk Author: Christo...
Trailing_Profit: Closing all open positions with the specified profit percent. Author: Vladimir Karputov
Mikahekin_HTF: The Mikahekin indicator with the timeframe selection option available in input parameters. Author: Nikolay Kositsin
An abstract trading robot, an OOP pattern: An example of a template for developing automated trading systems. Author: Sergey Pavlov
MarketHoursShade_v01: Indicator Market Hours Shade v01. Author: John Smith
HOPS and LOPS: Even though it seems like a funny name, it is not. The "HOPS" and "LOPS" stand for High Of the Previous Session and Low Of the Previous Sessions. That makes it a sort of support/resistance or a pivot type of indicator. This version supports any of the time frames that are...
Angle of Averages: This indicator calculate angle of averages using ATR-approximation. Author: Mladen Rakic
ZigZag based on the fractals of a larger timeframe: ZigZag based on the fractals of a larger timeframe considering VininI_FractalsTrend indicator data. The indicator has no other input parameters except the possibility to select a timeframe. Author: Nikolay Kositsin
New article Testing (Optimization) Technique and Some Criteria for Selection of the Expert Advisor Parameters has been published: There is no trouble finding the Holy Grail of testing, it is however much more difficult to get rid of it. This article addresses the selection of the Expert Advisor...
Rsi(var) with averages: RSI that can use 4 different types of averages for RSI calculation was originally developed for MetaTrader 4 by Igor Durkin ( (originally posted here: https://www.mql5.com/en/forum/175870). Igor Durkin: ... So-called normal RSI uses EMA smoothing with...
Rsi(var): RSI variation. Indicator was originally developed by Igor Durkin. Quoting his description (originally posted here : https://www.mql5.com/en/forum/175870) Igor Durkin: ... So-called normal RSI uses EMA smoothing with period = 2*Length-1 (or Wilder's smoothing with...
Target indicator: You confuse where the next target? Use this indicator - it will show you where the next target. Author: reza rahmad
TimeManagement: The header file contains functions and input variables for a time management. #include <TimeManagement.mqh>void OnTick(){   if( !CheckTime() )   {      Print("The trade is not allowed by time management");      return;   }   if( !CheckDayOfWeek() )   {      Print("The trade is not...
Moving Average Mirror: Entry BUY after Red Line crossing up the Blue Line and exit before the Red Line crossing down the Blue Line. Opposite position : entry SELL after Red Line crossing down the Blue Line. Author: andy tjatur
Reduce_risks: This is an MQL5 version of the Expert Advisor described in the article "How to reduce trader's risks" (https://www.mql5.com/en/articles/4233). Author: Vladimir Karputov
TrendX: TrendX indicator can be used for the market entry/exit. Author: Nikolay Kositsin
SubWindow: A library for working with chart subwindows. Author: fxsaber