Articles, Library comments - page 156

Chande's DMI (Dynamic Momentum Index): The Dynamic Momentum Index (DMI) is a variable term RSI. When default values are used, the RSI term varies from 3 to 30. The variable time period makes the RSI more responsive to short-term moves. The more volatile the price is, the shorter the time...
Vortex - smoothed: Vortex indicator (based on the article that was published in the January 2010 issue of TASC) with a smoothing option. Smoothing is done by filtering (smoothing) prices prior to vortex calculation in order to lessen the inevitable lag that comes with any smoothing. Also,...
Triple Jurik Smooth: Jurik smoothing (not the same as Jurik average - the Jurik smoothing we are using for MetaTrader 5 is actually an indicator that is completely done using MetaTrader 5 and was not developed by Mark Jurik, but since the basic theory of it was similar to the Jurik average,...
Ultra Trend: Ultra Trend is one of the well known indicators made for MetaTrader 5 now. The way how Ultra Trend is calculated is simple: Multiple period Jurik smooth values are calculated, Slope of each instance of such value is checked, Overall result of sloping up and sloping down is taken...
Dynamic Pivots: Based on the Austin Passamonte's idea, this indicator calculates intra-day pivots. This one is a version where default values for pivot levels are at 38,61% of the range, but you can easily change it through parameters to the Fibo levels Passamonte proposes in his TASC...
WPR with Bollinger bands: Williams %R, WPR, or just %R, is a technical analysis oscillator showing the current closing price in relation to the high and low of the past N days (for a given N). It was developed by a publisher and promoter of trading materials, Larry Williams. Its purpose is...
Count Back Lines: Indicator developed based on the original explanation of Daryl Guppy: APPLYING THE COUNT BACK LINE ENTRY By Daryl Guppy All users must know the correct starting point for the CBL (Count Back Line) calculation. The increasing incidence of double bottoms has led to...
Volatility Bands Percent: From May 2010 issue of Futures magazine: Fixing the Bollinger Bands by David Rooke. Popularized by John Bollinger, who gave them their name, Bollinger Bands are simply a plot of a multiple of the standard deviation of price from its Simple Moving Average (SMA),...
Volatilty Bands: From May 2010 issue of Futures magazine: Fixing the Bollinger Bands by David Rooke. Popularized by John Bollinger, who gave them their name, Bollinger Bands are simply a plot of a multiple of the standard deviation of price from its Simple Moving Average (SMA), both...
WSO & WRO Channel: Indicator based on "Automated Support And Resistance" article by Mel Widner published in TASC. This version shows channel on chart instead of displaying oscillator values in a separate window. That way it can be effectively used for support and resistance handling....
WSP & WRO: Indicator based on "Automated Support And Resistance" article by Mel Widner published in TASC. Two oscillators are defined: the WSO (Widner Support Oscillator) and the WRO (Widner Resistance Oscillator). The WSO compares the current Close with the most recent six support levels....
AfterEffects: Trading robot based on the theorem "On the presence of memory (aftereffects) in random sequences". Author: Yury Reshetov
New article Universal Expert Advisor: Integration with Standard MetaTrader Modules of Signals (Part 7) has been published: This part of the article describes the possibilities of the CStrategy engine integration with the signal modules included into the standard library in MetaTrader. The article...
Fractal Dimension - Jurik: A lot of people have attempted to build indicator that assesses if there is a trend going on or the market is ranging. One of them was Mark Jurik too. This is his version of fractal dimension. Version from Mark Jurik is much smoother than the others but the general...
Fractal dimension index (Sevcik/Matulich): According to the description of Fractal Dimension Index: Mandelbrot describes the Fractal Dimension Index (FDI) as a way to measure "how convoluted and irregular" something is. The FDI can be used as a stock market indicator. We can look...
Fractal dimension - Ehlers: Based on the June 2010 issue of TASC article by John Ehlers and Rick Ways "Fractal Dimension As A Market Mode Sensor". Short descriptions of their interpretation of fractal dimension would be the following: Fractal dimension There is no argument that...
RSI accumulated (floating levels): RSI accumulated (floating levels). Author: Mladen Rakic
CCI Simple Experiment: CCI experiment using adaptive calculation period. Author: Mladen Rakic
Stochastic volatility: The indicator is made after the original work and idea of Francesco G. Cavasino (described in his published article "Stochastic volatility"). Original stochastic (OriginalStoch input variable in the code or Calculate using original stochastic option in the inputs tab...
Laguerre stripped of RSI: Laguerre stripped of RSI "experiment". Author: Mladen Rakic
Session Open H-Line: Draws a Horizontal Line at Session Open: On the hour (09:00, 15:00 etc) or any minute past the hour (9:30, 18:47 etc). Author: file45
Alligator: Alligator indicator is a combination of Balance Lines (Moving Averages) that use fractal geometry and nonlinear dynamics. Author: MetaQuotes Software Corp.
ProfitLine: The indicator draws line for quick calculation of potential profit/loss. Author: Matus German
EMA Levels MTF: There seems to be at a moment serious lack of multi timeframe versions of MetaTrader 5 indicators. Since there is no real reason for that, here is one more multi timeframe version. This is a multi timeframe version of EMA Levels. Timeframes supported are all the possible...
New article MQL for "Dummies": How to Design and Construct Object Classes is published: By creating a sample program of visual design, we demonstrate how to design and construct classes in MQL5. The article is written for beginner programmers, who are working on MT5 applications. We propose a...
Improve: An Expert Advisor based on two iMAs (Moving Average,MA) and one iRSI (Relative Strength Index, RSI). It tracks virtual profit. Works on two symbols. Author: Vladimir Karputov
OnChart_Stochastic: Stochastic on the price chart. Author: Scriptor
Conqueror: A signal indicator for opening/closing positions. Author: Scriptor
XBarClearCloseTrend: A trend signal indicator. Author: Scriptor
LR_Ratio: The indicator displays the ratio of two LSMAs. Author: Scriptor