Articles, Library comments - page 42

Relative Vigor Index (RVI) : The main point of Relative Vigor Index (RVI) technical indicator is that on the bull market the closing price is, as a rule, higher, than the opening price. It is the other way round on the bear market. So the idea behind Relative Vigor Index is that the vigor, or

Price Rate of Change (ROC) : As you know, prices drop and grow in ondulatory way, in cycles. This cyclic movement is a result of change in investors' expectations and the price control fight between bulls and bears. Price Rate of Change (ROC) reflects this ondulatory movement like an oscillator

Price and Volume Trend (PVT) : Price and Volume Trend (PVT) indicator, like On Balance Volume (OBV), represents the cumulative sum of trade volumes calculated considering close price changes. The calculation algorithm is close to that of the indicator OBV. But in OBV we add the whole daily volume to

Price Channel : The market is often accelerates and decelerate s its movements, so it's not easy to draw the straight lines of support and resistance levels. The Price Channel Indicator draws the price channel, its upper and lower boundaries are determined by maximal and minimal prices for a certain

Parabolic SAR : Parabolic SAR technical indicator was developed for analyzing the trending markets. The indicator is constructed on the price chart. This indicator is similar to Moving Average with the only difference that Parabolic SAR moves with higher acceleration and may change its position in

Moving Average of Oscillator (OsMA) : Moving Average of Oscillator (OsMA) is the difference between the oscillator and oscillator smoothing. In this case, the base line of Moving Average Convergence/Divergence (MACD) is used as the oscillator, and the signal line is used as the smoothing. Author

On Balance Volume (OBV) : On Balance Volume technical indicator (OBV) is a momentum technical indicator that relates volume to price change. The indicator, which Joseph Granville came up with, is pretty simple. If the close price of the current bar is higher than that of the previous bar, the volume

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

Money Flow Index (MFI) : Money Flow Index (MFI) is the technical indicator, which indicates the rate at which money is invested into a security and then withdrawn from it. Construction and interpretation of the indicator is similar to Relative Strength Index with the only difference that volume is

New article MetaTrader 5: Publishing trading forecasts and live trading statements via e-mail on blogs, social networks and dedicated websites is published: This article aims to present ready-made solutions for publishing forecasts using MetaTrader 5. It covers a range of ideas: from using dedicated

New article Transferring Indicators from MQL4 to MQL5 is published: This article is dedicated to peculiarities of transferring price constructions written in MQL4 to MQL5. To make the process of transferring indicator calculations from MQL4 to MQL5 easier, the mql4_2_mql5.mqh library of functions is

New article Using WinInet.dll for Data Exchange between Terminals via the Internet is published: This article describes the principles of working with the Internet via the use of HTTP requests, and data exchange between terminals, using an intermediate server. An MqlNet library class is presented

New article The algorithm of ticks’ generation within the strategy tester of the MetaTrader 5 terminal is published: MetaTrader 5 allows us to simulate automatic trading, within an embedded strategy tester, by using Expert Advisors and the MQL5 language. This type of simulation is called testing of

New article OOP in MQL5 by Example: Processing Warning and Error Codes is published: The article describes an example of creating a class for working with the trade server return codes and all the errors that occur during the MQL-program run. Read the article, and you will learn how to work with

New article Practical Application Of Databases For Markets Analysis is published: Working with data has become the main task for modern software - both for standalone and network applications. To solve this problem a specialized software were created. These are Database Management Systems (DBMS)

New article Creating and Publishing of Trade Reports and SMS Notification is published: Traders don't always have ability and desire to seat at the trading terminal for hours. Especially, if trading system is more or less formalized and can automatically identify some of the market states. This

New article Connection of Expert Advisor with ICQ in MQL5 is published: This article describes the method of information exchange between the Expert Advisor and ICQ users, several examples are presented. The provided material will be interesting for those, who wish to receive trading information

Mass Index : The Mass Index is developed to catch the trend reversal points. The mass index was created by Donald Dorcy. In case the movement is considerable the Mass Index goes up, otherwise if it is slight the Mass Index goes down. The daily prices movements are used for this purpose. According to

Market Facilitation Index (BW MFI) : Market Facilitation Index technical indicator (BW MFI) is the indicator which shows the change of price for one tick. Absolute values of the indicator do not mean anything as they are, only indicator changes have sense. Bill Williams emphasizes the interchanging

MACD : The Moving Average Convergence/Divergence (MACD) is the next trend-following dynamic indicator. It indicates the correlation between two Moving Averages of a price. Author: MetaQuotes Software Corp

Ichimoku Kinko Hyo : The Indicator Ichimoku Kinko Hyo is predefined to characterize the market Trend, Support and Resistance Levels, and to generate signals of buying and selling. Author: MetaQuotes Software Corp

Heiken-Ashi : The Heiken-Ashi indicator is looks like the candlestick chart, but it has some difference.The advantage of the Heiken-Ashi charts is a simple trend determination, the upward trend candles are blue,the downward trend candles are red. Author: MetaQuotes Software Corp

Gator Oscillator : The Gator Oscillator is based on the Alligator and shows the degree of convergence/divergence of the Balance Lines (Smoothed Moving Average). Author: MetaQuotes Software Corp

Fractals : The Fractal is one of 5 indicators of Bill Williams’ trading system, which allows to detect the bottom or the top. Author: MetaQuotes Software Corp

Force Index (FRC) : Force Index technical indicator was developed by Alexander Elder. This index measures the Bulls Power at each increase, and the Bears Power at each decrease. It connects the basic elements of market information: price trend, its drops, and volumes of transactions. This index can

Envelopes : Envelopes technical indicator is formed with two Moving Averages, one of which is shifted upward and another one is shifted downward. The selection of optimum relative number of band margins shifting is determined with the market volatility: the higher the latter is, the stronger the

New article An example of the development of a trading system based on the differences in timezones on different continents is published: Surfing the Internet, it is easy to find many strategies, which will give you a number of various recommendations. Let’s take an insider’s approach and look into

New article Creating Tick Indicators in MQL5 is published: In this article, we will consider the creation of two indicators: the tick indicator, which plots the tick chart of the price and tick candle indicator, which plot candles with the specified number of ticks. Each of the indicators writes the

Detrended Price Oscillator (DPO) : Detrended Price Oscillator removes the trend effect of price movement. This simplifies the process of finding out cycles and overbought/oversold levels. Long-term cycles consist of several shorter cycles. Analyzing such short components helps to define crucial

New article Creating an Indicator with Multiple Indicator Buffers for Newbies is published: The complex codes consist of a set of simple codes. If you are familiar with them, it doesn't look so complicated. In this article, we will consider how to create an indicator with multiple indicator buffers