The classic version of the RVI indicator (Relative Vigor Index) that can be arranged so that the time frame of the indicator is fixed at a value different from the chart time frame. The indicator is displayed as a cloud.
Author: Nikolay Kositsin
Relative Vigor Index (RVI) calculation is based on the idea that close prices are usually higher than the open ones during an uptrend.
The oscillator is smoothed to exclude occasional price fluctuations. The signal line is generated the same way. The main advantage of this variant of the...
This indicator is based on RSI (Relative Strength Index) and its multiple signal lines analysis.
A trend direction in this indicator is determined by the cloud color, while its power is determined by the cloud width. You can use the overbought (UpLevel) and oversold (DnLevel) levels that...
The indicator plots the Bollinger Bands, filled with different colors depending on the trend direction.
If the price crosses the upper bound (upward trend), the Bollinger Bands fills with blue color, if it crosses the lower bound (downward trend), the Bands filled with pink color. If the...
Standard MACD histogram with coloring (the signal line is colored in red or lime according to the current trend direction). The indicator allows to select averaging algorithm for the histogram itself.
Author: Nikolay Kositsin
Aroon Oscillator predicts price changes from trend to flat market conditions.
In the Sanskrit language "aroon" means "dawn's early light". This indicator predicts price changes from trend to flat market conditions.
AroonOscillator analysis includes three main signals.
The indicator is inspired by John Ehlers' article "Using The Fisher Transform" published in November 2002 in the "Technical Analysis Of Stock & Commodities" magazine.
The indicator is based on the assumption that the price does not have Gaussian density but something similar can...
The QStick indicator is a simple n-period moving average of the price difference:
QStick = SMA(Period, (Close - Open))
QStick can be used as a simple replacement of candlesticks.
Positive values of QStick indicate a prevalence of "white" candlesticks in the n-period interval,...
Support and Resistance:
The "Support and Resistance" indicators shows the support and resistance levels using the Fractals indicator.
The calculation of support levels is based on the "Fractals down", the calculation of the resistance levels is based on the "Fractals up" of the Fractals indicator...
Average Directional Movement Index (ADX):
Average Directional Movement Index technical indicator (ADX) helps to determine the market trend. It was developed and described in detail by Welles Wilder in his book "New concepts in technical trading systems".
The simplest trading method based on the...
Stochastic Momentum Blau_SM:
Stochastic Momenum (Stochastic Momentum, SM) by William Blau (see Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis).
The q-period Stochastic Momentum is defined as a distance of the current close from the midpoint of q...
Usually oscillators compare the smoothened price of a financial tool and its value n periods ago. Larry Williams once noticed that the efficiency of such oscillator can vary and depends on the number of single periods you take for the calculation. So he created the Ultimate...
Linear regression slope:
Linear regression slope normalized to SMA (simple moving average).
the SMA normalization was chosen for the indicator. Also, because of very small values of the LRS, the indicator values are calculated and plotted in parts per 100 thousand to fit roughly into the range of...
Triple Exponential Moving Average (TEMA):
Triple Exponential Moving Average (TEMA) technical indicator was developed by Patrick Mulloy and published in the "Technical Analysis of Stocks & Commodities" magazine.
The principle of its calculation is similar to Double Exponential Moving Average...
True Strength Index (TSI, q-period smoothed Momentum, see Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis) - is a normalized Momentum indicator developed by William Blau.
The indicator values are normalized and mapped into the [–100...
Bollinger Bandwidth 1.0 for MT5:
The indicator measures the distance between the Bollinger Bands and providing it as a singular indicator, using the MetaTrader 5 techniques to simplify Bollinger calculations.
This new version designed with MetaTrader 5 takes the calculations of iBands and calls...
Chaikin Oscillator (CHO):
Chaikin's Oscillator (CHO) is the difference of moving averages of Accumulation/Distribution.
"The concept of this oscillator is based on three main theses.
First: if a share or an index is higher when it closes than it was during the day (you can calculate the average...
The Momentum technical indicator measures the amount that a security’s price has changed over a given time period.
There are basically two ways to use the Momentum indicator:
You can use the Momentum indicator as a trend-following oscillator similar to the Moving Average...
Aroon indicator was developed by Tushar S. Chande, CEO of the "Tuscarora Capital Management" company and the author of the books "The New Technical Trader: Boost Your Profit by Plugging into the Latest Indicators" and "Beyond Technical Analysis: How to Develop and Implement a Winning Trading...