Articles, Library comments - page 297

CCI Stochastic : Indicator combining two well known indicators: CCI and Stochastic. This is a Stochastic of CCI. One possible issue that CCI can cause (it is not widely known that CCI actually does not have known bounds for levels) is avoided when Stochastic is applied to CCI and the bounds are in

EMA Deviation : By definition, the Standard Deviation ( SD , also represented by the Greek letter sigma σ or the Latin letter s) is a measure that is used to quantify the amount of variation or dispersion of a set of data values. In technical analysis we usually use it to measure the level of

BB Stops - EMA Deviation : BB Stops (Bollinger Bands Stops) indicator is a well known indicator. Some versions are posted at the code base too (for example here: BB Stops ). Usually it is calculated using standard deviation. This version changes that and uses EMA deviation for calculation as a sort

Rocket RSI : As described in the May 2018 edition of Technical Analysis of Stocks & Commodities by John F. Ehlers. This indicators is an enhancement to the traditional RSI for detecting cyclical reverses. This indicator has two settings: RSILength - This needs to be half the dominant cycle period

MAC3D Custom Indicator: 3 Dimensional MACD Ribbon. Author: Thecreator

Schaff trend RSX mtf : Schaff Trend RSX with an option to work in multi timeframe mode. 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

Rainbow Oscillator : Based on Mel Widner's Rainbow Average (that is similar to Guppy MMA ), here is an oscillator version. The indicator is mainly intended to show the trend of the market. But, using the levels (that are dynamic - they depend on the market changes), you can use it to assess

Breakout Bars Trend : The alternative indicator for trend definition based on the breakthrough bars and distance from extremums. Author: Serhii Ivanenko

New article Using MetaTrader 5 Indicators with ENCOG Machine Learning Framework for Timeseries Prediction is published at mql5.com: This article presents connecting MetaTrader 5 to ENCOG - Advanced Neural Network and Machine Learning Framework. It contains description and implementation of a simple...

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. Author: Mladen Rakic

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 extreme

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: Mladen Rakic

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. Author: Mladen Rakic

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

CCIArrows : The semaphore signal indicator fixing moments of breakthrough of the zero level by the iCCI technical indicator and displaying these moments by color points Fig.1 The CCIArrows indicator Author: Nikolay Kositsin

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...

New article Graphical Interfaces X: Sorting, rebuilding the table and controls in the cells (build 11) has been published: We continue to add new features to the rendered table: data sorting, managing the number of columns and rows, setting the table cell types to place controls into them. In the

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. parts of

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 Rakic

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 over

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 is made

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 crucial to be

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" indicator

New article Random Forests Predict Trends has been published: This article considers using the Rattle package for automatic search of patterns for predicting long and short positions of currency pairs on Forex. This article can be useful both for novice and experienced traders. The initial aim of

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 RSI. This