Articles, Library comments - page 225

Range Oscillator + Bands: Range Oscillator is an indicator that shows the relative position of median price in the highest high to lowest low range for desired period. Unlike the basic version, this version uses Bollinger Bands for overbought and oversold conditions assessment....

Range Oscillator: Indicator that is similar to "raw" Stochastic and Williams Percent Range. Range Oscillator is an indicator that shows the relative position of median price in the highest high to lowest low range for desired period. It is bound to 0 - 100 range, hence those levels are the...

Flat-Trend_HTF: The Flat-Trend indicator with the timeframe selection option available in the input parameters: input ENUM_TIMEFRAMES TimeFrame=PERIOD_H4; // Indicator chart period (timeframe) This indicator requires Flat-Trend.mq5 indicator file. Place it in...

Digital filters - separate: A set of digital filters that are always drawn in separate window (due to their nature). Supported types are: FTLM - Fast Trend Momentum, STLM - Slow Trend Momentum, RBCI - Range Bound Channel Index, PCCI - Perfect Commodity Channel Index. Author:...

Digital Filters - on chart: A set of 4 types of digital filters that naturally are placed on main chart. The supported digital filter types: FATL - Fast Adaptive Trend Line, SATL - Slow Adaptive Trend Line, RFTL - Reference Fast Trend Line, RSTL - Reference Slow Trend Line....

MACD High/Low MTF: MACD High/Low made multi timeframe. Timeframes supported are all the possible timeframes supported by MetaTrader 5 and it has 3 "special" timeframes: Next higher timeframe: first higher timeframe compared to active chart, Second higher timeframe: second higher timeframe compared...

SV v.4.2.5: The Expert Advisor opens no more than one position per day. Positions are opened at the specified time. It searches for the Highest and Lowest price in an interval. Data of two iMA (Moving Average, MA) indicators are used. Author: Vladimir Karputov

New article Poll: Traders’ Estimate of the Mobile Terminal has been published: Unfortunately, there are no clear projections available at this moment about the future of the mobile trading. However, there are a lot of speculations surrounding this matter. In our attempt to resolve this ambiguity we...

Ehlers Nonlinear Filter Zone: This is the "zone" indicator using Ehlers Nonlinear Filter for calculation. "Zone" is calculated using High, Low and Median price in order to attempt to assess the trend of the current chart instrument. For that reason you shall see periods of "no trend" (i.e....

Trend Strength Average: Usually Trend Strength indicators are using oscillator based indicators for trend strength assessment. This version changes that. It can use some of the 4 regular types of averages and is drawn on the main chart. That way you can see directly on the price itself the...

Ehlers Distance Coefficient Filter: John Ehlers' Distance Coefficient Filter. Even though a lot of times it is mistaken for Ehlers Nonlinear Filter, they are not the same. This version is coded exactly a Ehlers described it in his book "Rocket science for traders". Author: Mladen...

Ehlers Nonlinear Filter: John Ehlers is known for making a lot of new tools for technical analysis. Here is one more. According to Ehlres: These filters provide extraordinary smoothing in sideways markets and aggressively follow major price movements with minimal lag. Even though he tends to...

Zone Trade: The indicator was described by B. Williams as fourth dimension - Trading Zone: If the current bars of AC and AO are trending up, it shows that the zone is up, If the current bars of АС and АО down, it shows that the zone is down, If the bars of AC and AO are differently directed...

Heiken Ashi Zone Trade - Separate: Heiken Ashi Zone Trade - Separate indicator is based on 3 indicators: Heiken Ashi, Accelerator Oscillator, Awesome Oscillator. The combined states and values of the 3 are producing zones and trade signals. This version of Heiken Ashi Zone Trade indicator...

Heiken Ashi Zone Trade: Heiken Ashi Zone Trade indicator is based on 3 indicators: Heiken Ashi, Accelerator Oscillator, Awesome Oscillator. The combined states and values of the 3 are producing zones and trade signals. Author: Mladen Rakic

Trend Intensity Index: Trend Intensity Index as described by M.H.Pee in his article "Trend Intensity Index". To calculate a 30-day Trend Intensity Index (TII), follow these steps: Obtain the 60-day simple Moving Average by adding the Closes for the past 60 days and dividing the result by 60, Find...

Trend Continuation Factor: Indicator based on M.H.Pee's article "Just How Long Will A Trend Go On? Trend Continuation Factor". Because trends are an important component of the market, it is imperative you can detect them. However, it's not enough to just identify a trend. It's also...

Leader of the MACD - Extended: This is the Leader of the MACD as described by Giorgos E. Siligardos. In short, in this indicator there are 2 indicators in 1. There are a regular MACD (which is drawn as lines (colored line is a regular MACD and dotted line is signal)) and the "Leader MACD"...

Trend Strength - Jurik smoothed RSI: Trend strength assessment based on Jurik smoothed RSI. The purpose of the "trend strength" is to try to determine when the change of some other indicator is significant enough to make it a trend. Usually the "trend strength" indicator is using smoothed...

ADXVMA Histogram: ADXVMA is one new sort of a Moving Average. It is using modified ADX calculation for adapting Moving Average calculation. The process of adapting is so efficient that it filters out a lot of noise out of the market and produces longer periods of smooth values. This is a...

Phase Change Index: Based on the M.H. Pee's TASC article "Phase Change Index". Prices at any time can be up, down, or unchanged. A period where market prices remain relatively unchanged is referred to as a consolidation. A period that witnesses relatively higher prices is referred to as...

Quick tutorial video we put together about how to change your timeframes on MT5.  

T3 bands: Variation of the well known Bollinger Bands indicator. Instead of using SMA for the central value of the bands, T3 is used. Also, instead of using standard deviations for upper bands and lower bands, T3 deviation is used for that, producing much smoother and faster bands than the...

T3 Deviation: The original idea came from Bob Fulks and Alex Matulich (they are the ones that improved the original Tim Tillson T3 calculation). The calculation is not a Standard Deviation smoothed by T3. Instead it uses intermediate steps of T3 calculation to get the deviation based on T3....

Zero lag T3: T3 is a very well known indicator. It is smooth and it is fast. In the process of making it faster, two coders (Bob Fulks and Alex Matulich) have altered the T3 calculation to make it faster. This version can calculate both of the calculating ways : original (Tim Tillson way)...

Record IsConnected, Spread, Stop, FreezeLevel: EA is run say once every minute and writes the status of IsConnected, spread, stop and freeze level to a file. Parameters I_RecordPeriodInMinutes - In Minutes, how often the spread etc is recorded, I_BeginningOfLogFile - String used at the start...

Aroon oscillator on chart: The version of Aroon oscillator, displayed on the main chart. Author: Mladen Rakic

Swing Line - Binary: Ron Black's Swing Line indicator with only two states displayed: State up. State down. Since it is using only two states, it is suitable for simple usage from Expert Adviser(s). Author: Mladen Rakic

TWR: TWR is calculated based on the color of the previous bar and the closing price of the current bar, ignoring the other price information, and actually redrawing the candle chart using the closing price. Color definition: Red indicates a rise, Green indicates a drop. Define the color of...

Swing Line - Histogram: Ron Black's Swing Line indicator made as histogram indicator. Author: Mladen Rakic