Articles, Library comments - page 274

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 period is

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, TEMA (as

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, the

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 as a

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 article

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 some confusion

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), both above

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 above and

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. Author: Mladen

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. Values

New article Cross-Platform Expert Advisor: Stops has been published: This article discusses an implementation of stop levels in an expert advisor in order to make it compatible with the two platforms Metatrader 4 and Metatrader 5. The general operation of the creation of stop levels is shown in the

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 of the

DoubleMA Crossover EA : Trailing, pending orders. Signals of two indicators (Moving Average, MA). Trades only during a certain period of the day. Author: Vladimir Karputov

Laguerre stripped of RSI : Laguerre stripped of RSI "experiment". Author: Mladen Rakic

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

Squize_MA : The Squize_MA indicator displays the intersection of two Moving Averages with different averaging periods. The chart also features conventional flat limits. Author: Nikolay Kositsin

OnChart_Stochastic : Stochastic on the price chart. Author: Scriptor

Conqueror : A signal indicator for opening/closing positions. Author: Scriptor

LR_Ratio : The indicator displays the ratio of two LSMAs. Author: Scriptor

LRL : Linear regression line (LSMA) - a moving average calculated by the linear regression method. Author: Scriptor

HA EMA3 Indicator : A Moving Average based on Heiken Ashi candlesticks. Author: Scriptor

BW_Zone_Trading : Modified BW Zone Trading - a modified indicator of Bill Williams' zone trading. Author: Scriptor

DPO_Bar : Detrended Price Oscillator Bar - price chart without a trend. Author: Scriptor

Days of the week color : A colored histogram of the days of the week. Uses the drawing style DRAW_COLOR_HISTOGRAM. Author: Vladimir Karputov

Parabolic_TrailingStop : A utility for applying trailing stop based on the "Parabolic SAR" indicator. Author: Almat Kaldybay

Aeron JJN Scalper EA : The Expert Advisor places pending Buy Stop and Sell Stop orders. Includes checks for the minimum distance of orders in points (SYMBOL_TRADE_STOPS_LEVEL). Author: Vladimir Karputov

Days of the week : A histogram of the days of the week. Author: Vladimir Karputov

FarhadCrab1 : An Expert Advisor based on two iMAs (Moving Average, MA) and one iSAR (Parabolic SAR). Position trailing. Author: Vladimir Karputov