Articles, Library comments - page 235

Trend power (stop loss): The indicator is based on comparison of the current price to six simple moving averages with the periods 10, 20, 30, 40, 50 and 60. The values of the indicator are fixed: -100, -66, -33, 0, 33, 66, 100. Author: John Smith

ICWR.a: The script plots one Fibo line based on the latest ZigZag. This is a remarkable tool to get rid of unnecessary work for those who constantly place Fibo grids (the majority). Author: John Smith

ICWR v0: The indicator plots four different Fibo lines based on four latest ZigZags. Useful when applied on the higher timeframes. Author: John Smith

StocRSI: Superposition of Stoch and RSI. One of the most commonly used indicators. This is the most fortunate and useful indicator. Author: John Smith

3-line MACD: This indicator adds a smoothing curve to the MACD. Author: John Smith

BBhisto: One of the most interesting modifications of Bollinger bands. It shows the standard deviation in the bar representation. Author: John Smith

BBwithFractdev: Literally, "Bollinger bands with a fractional ratio of deviation." Author: John Smith

Murrey_Math_Line_X: Murrey Math (ММ) is a trading system suitable for any markets. The MM system comprises two main components: geometry, used for measuring the price movements of the specified market, and a set of rules based on the Gann technique and Japanese candlesticks. Author: John Smith

3shadeopen: One of the indicators that display the session times. Author: John Smith

Time1: The idea of this indicator is quite simple: draw lines to remember the current phase of the market and who "rules" the market. Author: John Smith

Instantaneous Trend Line: One of the indicators I recommend to novices as the entry indicator. Author: John Smith

Pattern: Displays the type of candlestick or small pattern in accordance with the general setting. Author: John Smith

DJ Lines: The DJ Lines belongs to the Pivot group. All similar indicators operate on the principle - «Based on the values of the previous day (days) it is possible to calculate a point, passing which would mean a change in the trend». Author: John Smith

Keltner Channels: If you like plotting channels, I recommend plotting them yourself. This is particularly true for the slope channels. However, if you use channels merely as filters or simply like to set alerts on these levels, then the indicator will be useful. Author: John Smith

NB_SHI_Channel: Really useful channel indicator. Author: John Smith

ADXDMI: A modification of the popular ADX indicator. Author: John Smith

Kaufman: Kaufman Moving Average. There is more than enough information on the moving averages, therefore it will not be elaborated. Suffice to say that it can be used most productively in conjunction with others. Author: John Smith

4Period_RSI_Arrows: The 4Period RSI Arrows indicator Author: John Smith

Channel based on the Fibo levels: Moving average channel based on the Fibo levels Author: Александр

4 Period MA: Indicates the number of periods for the calculation of the average line. Author: John Smith

FanSimple8: The FanSimple displays the correctness of reversal of the moving averages fan on different timeframes. The indicator includes four moving averages with the values 5, 21, 55, 233, that are displayed on the chart. Author: John Smith

CatFX50: The CatFX50 is an easy and winning system, but it is not so simple. Be sensible and place stops at the distance of 34 pips. Author: John Smith

3end: Shows when to buy and when to sell. Position is opened when the indicator color changes: if there is a green dot - buy, if there is a red dot - sell. Author: John Smith

Divergence: Displays the situation when the directions of price movement and technical indicators do not coincide. This is mostly seen when the indicator reaches an overbought or oversold area (20;80). Author: John Smith

Diapazon: The indicator displays the ranges. Useful for the visualization of various "zones". Author: John Smith

DayImpuls: Simple indicator with great potential for the analysis of data and its use. Author: John Smith

Custom MACD: Displays the difference between the long-term and short-term market sentiments relative to the price. Author: John Smith

Lsma: The LSMA is used for confirmation of counter-trend signals. Author: John Smith

Range: The Range indicator displays the index of the range expansion and is an oscillator for the market calculation. Author: John Smith

FX-CHAOS: Indicators for the "Chaos" trading system described in the third book by Bill Williams (Bill Williams and Justin Williams. Trading Chaos - Second Edition). Author: Pavel