Articles, Library comments - page 245

To post a new topic, please log in or register
ColorRVI_HTF: 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
XRVI: 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...
AroonSignal: The signal indicator based on the Aroon indicator values. Fig.1 The AroonSignal Indicator Author: Nikolay Kositsin
UltraRSI: 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...
ColorRSI: RSI with the colored signal levels Fig.1 the ColorRSI indicator Author: Nikolay Kositsin
  Indicators: RSICandle (12   1 2)
RSICandle: The RSI indicator implemented as a sequence of candlesticks Author: Nikolay Kositsin
iBBFill: 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...
ColorMACD: 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: 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. Reaching...
Pivot Point: Classic Pivot Point indicator paints pivot point and three resistance and support levels for all data points. Calculation period: Day, Week, Month. Author: niuniu
Pivot Lines TimeZone: The Pivot levels indicator, the Pivot sublevels and the Camarilla levels showing indicator buffers and horizontal lines. Placing levels by horizontal lines. Author: Дмитрий
Fisher Transform: 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...
ChandeQStick: 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,...
TSI-Oscillator: The typical normalized oscillator varying within the range -100 to +100 and provided with a signal line. Author: Nikolay Kositsin
Gann_Hi-lo_Activator_SSL: A simple indicator, a good one for MQL5 beginners Author: Nikolay Kositsin
Gann Hi-Lo Activator SSL: A simple trend indicator Author: Andrey Voytenko
Trend Score: A simple trend indicator based on counting of the number of bullish and bearish candlesticks. Author: Serhii Ivanenko
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...
TTF: The TTF classic indicator with T3 smoothed method and a signal line Fig.1 The TTF indicator Author: Nikolay Kositsin
Ultimate Oscillator: 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...
Blau_TSI: 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...
Momentum: 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: 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...
Custom Moving Average: The Custom Moving Average is example of the Custom User Indicator - it calculates and shows the Moving Average. Author: MetaQuotes Software Corp.