The head pattern reversal strategy identifies possible price reversal points. Histogram bar pointing up suggests a bullish reversal point while, on the other hand, bar pointing down suggests a bearish reversal point. Reversal points might appear in both up-and-down trends. So, it's highly recommended to use a filter, such as RSI, William's Percent Range or CCI. In the screenshots you can how the HEAD FAKE INDICATOR hints good reversal points when working in conjunction with other indicators.
The OandaX product series is designed to display additional data on orders and positions provided by the Oanda FxLabs service. The OandaX Ratios indicator is designed to display a table of buyers and sellers ratio for all supported instruments. For the constant update of data it is necessary for the OandaX Download Manager EA to be running in the terminal. To display the previously downloaded data the EA is not required. The ratio of sellers and buyers is the percentage of the number of trader
Индикатор рисует канал построенный на уровнях экстремумов баров из старшего периода установленного в настройках, также отображает уровень цен закрытия. Для корректной работы индикатора, текущий период, на который будет установлен индикатор, должен быть меньше установленного периода в настройках индикатора. Описание настроек индикатора: TimeFrame - выбор периода для построения уровней индикатора. По умолчанию установлен дневной период графика.LevelClose - включить или выключить отображение уров
This indicator shows the history of spread. It display minimum, maximum and average spread for each candle. Current spread is shown in brackets. Green line shows minimum spread.Red line shows maximum spread.Yellow line shows average spread.Note: Spread Meter shows minimum, maximum and average spread only for the period of time, when it has been running. For all previous candles only the yellow line is displayed based on historical spread.
MA Speed The rate of change, slope, speed or velocity (meaning the same) of any Moving Average (SMA, EMA, SSMA, LWMA) helps to define new raising trends. It is not a rocket science. For instance, a simple increase of Speed=[MA(i)-MA(i-1)]/1 of your Moving Average defines a price gaining strength to reach higher values. Or oppositely, a negative speed indicates the price with strength for going to lower values. MA Speed computes this rate of change of your Moving Average of choice (SMA,
According to trading experience:Some symbols are easy to reverse on certain days, such as Monday, or afternoon, and so on. So comparing the current price with the corresponding historical moment price is valuable.If the price coordinate system uses a logarithmic price, you will get a lot of valuable information.1. What is this? This program can convert the symbol price and add it to your Chart. You can compare it with your major chart. This is DEMO version ,Input Symbol must be EURUSD/AUDUSD/G
iCustomChartDemo indicator is a demo version of iCustomChart. iCustomChart indicator allows to create custom charts based on custom history files. Open history file format is used. The demo version creates a copy of the chart it has been launched on by default allowing to observe iCustomChart possibilities. It saves a symbol history file used during the demonstration but does not allow to use custom history files. The chart created by iCustomChartDemo shows the work of the indicators and the Ex
The sense of this indicator is evident from its name. Noise Level is designed to assist in distinguishing true and false breakouts. It closely examines HOW the price approaches the possible breakout point. Therefore, it helps to follow channel or fractal breakouts only when the probability of beginning of a new trend is the highest (the market is less noisy). Alternatively, the indicator can be used to map the best opportunities for scalping systems, based on returns in the channel (when the ma
Sideways Alert Indicator is a very effective tool to indicate sideways conditions on live charts and to determine its levels. It helps us trade within the range or trade the breakout or just simply to filter out sideways market conditions. Free version works on AUDUSD currency pair ONLY. Purchase the unlimited version from the Market.
Ghost candle indicator draws the upcoming candle with forecast parameters on the chart's main window. The candle is formed from rectangle and trendline graphical objects. The candle parameters are calculated based on the results of comparison between the last formed candle with the previous ones (their amount is determined by the Period parameter). The indicator inputs also include colors of bullish and bearish candles displayed by the indicator.
Laguerre Line Average is a widely known indicator. John Ehlers described this price smoothing algorithm in his book "Cybernetic Analysis for Stocks and Futures". Excellent smoothing using very short filters allows to create very good indicators on very short-term data. Using short-term data means that we can make the indicators more sensitive to the price changes, this helps to reduce the reaction time for opening positions, and the decrease in delay has an according positive effect on the profi
The Grab indicator combines the features of both trend indicators and oscillators. This indicator is a convenient tool for detecting short-term market cycles and identifying overbought and oversold levels. A long position can be opened when the indicator starts leaving the oversold area and breaks the zero level from below. A short position can be opened when the indicator starts leaving the overbought area and breaks the zero level from above. An opposite signal of the indicator can be used
The program allows to find candle combinations, which is the most similar to the selected one, in past and make a forecast basing on these parts of the chart. Working with this application is easy - select interested bar sequence on the chart ("sample"), and the program will find parts on the chart similar to this sequence ("patterns") and apply them on current prices. This is a free and absolutely functional version. Works on symbols which have "EURUSD" in their names. You can purchase paid
The indicator analyzes the strength of the current chart currency depending on the price action for the selected period. Two analysis modes are available. It also includes an optional values filtering system (to filter out market noise) based on smoothing. AnalyzerMode - price action analysis mode (2 options), iAnalyzePeriod - price analysis period, SmoothingPeriod - first results smoothing period to filter out market noise (set to 1 to disable), SmoothingMethod - smoothing method.
This Indicator is based on the well-known "Stochastic" indicator. ZZStochastic MT5 is built on the same principle as the RSI TrendMT5. That is, it tracks the moments when the "Stochastic" indicator lines enter the overbought and oversold zones. Once that happens, it immediately starts searching for the nearest extremum. If "RSI TrendMT5" is best suited for filtering the potential entry points, the main purpose of the "ZZStochastic MT5" is helping to identify the important extremums, and not eve
The indicator measures the speed of ticks. The number of ticks per second. The calculation is performed as the number of ticks in the settings multiplied by time. The sound alert of tick emergence can be turned off by clicking on a button with the speaker icon, green means on, red - off. Description of indicator settings number_ticks - the number of ticks to start calculation, the calculation will only start after appearance of all required ticks _corner - the chart corner to show tex
Lotus indicator combines the features of both trend indicators and oscillators allowing you to track the smoothed price change rate, as well as trend strength and change. The uptrend is shown as a green indicator line, while a downtrend is displayed in red. A long position can be opened when the indicator breaks the zero level from below. A short position can be opened when the indicator breaks the zero level from above. An opposite signal of the indicator can be used for exiting positions.
LevelPAttern MT5 - технический индикатор, основанный на дневных уровнях и паттернах Price Action. В основе индикатора лежит стандартный индикатор ZigZag+разворотные свечные модели такие как "Звезда", "Молот" - он же пин-бар, "Поглощение", и другие. При формировании паттерна и касании ценой уровня, индикатор выдает звуковое и текстовое уведомление. Поддерживается отправка уведомлений на электронную почту и push-уведомлений на мобильные устройства. Особенности работы индикатора Подходит для
Introduction MT5 ships with the Envelopes indicator. This indicator allows youto create equidistant bands from a moving average by specifying a“deviation.” Unfortunately, the deviation is an arbitrary number.You might determine that 0.220 works well to contain 95% of closeprices for USDCHF,H1, but when you change the period to H4, most ofthe bars are now outside the bands. So, I created this self-tuning indicator. Instead of specifying apercent “deviation,” you specify the percent of bars you
Trajecta Magic is a Trading Signal Indicator Platform using evolutionary, non-repainting, and self adjusted algorithms of Trajecta Labs. Trajecta Magic Signals: 1-Smart, 2-Trend, 3-Breaker, 4-Dynamo, 5-Destiny, 6-Mind, 7-Coin, 8-Card, 9-Illusion, 10-Secret Exclusive Advantages of Platform Version: Backtesting: from 2,000 bars to 50,000 bars Fast signal selection: 10 signals to test for each timeframe Panel personalization: adjustment of panel mode of exhibition Description of the Plat
This is an ordinary MACD indicator displayed in the main window according to the selected chart style, i.e. Bars, Candlesticks or Line. When you switch the chart type, the indicator display also changes. Unfortunately I could not improve the chart type switching speed. After switching, there are delays before the arrival of a new tick. The indicator parameters Fast EMA period Slow EMA period Signal SMA period Applied price
Purpose The indicator is intended for manual multi-currency trading based on the Triple Screen Strategy. It works with any symbols located in the Market Watch window of the MT5: currencies, metals, indexes, etc. (only NZDCAD is available in the demo version!) The full version can be downloaded at the link MultiSymbol Triple Screen Trading System MT5. Operation Principle The indicator uses the modified Triple Screen Strategy for determining trend direction in the third window via Awesome Osc
The indicator builds the channel made of Moving Average shifted up and down by "n" ATR ("n" is specified in the settings). If the price crosses the indicator's middle line upwards, it is time to buy.If the price crosses the indicator's middle line downwards, it is time to sell.If the price crosses the indicator's upper line, the market is overbought and local retracement is highly probable.If the price crosses the indicator's lower line, the market is oversold and local retracement is highly pr
The RSI BB ANALYTICS uses BB lines as thresholds for a parametric OnChart RSI line. Since BB and RSI helps detect the same signals (oversold/overbought situations), this hybrid indicator will help timing Bollinger Bands and enjoy more the RSI power with respect to volatility. We recommend using an accepted risk level of 1%. Which means approximately 30% of the price will be out of the BB for the given period (20). Using our Onchart RSI line with a period of 4 will help entering positions
Universal Oscillator is a ready to use set of 15 standard, open source, and author's custom oscillators, including 4 period adaptive and 4 fractal adaptive ones. It is an indispensable tool for everyone who writes and optimizes automatic strategies, as well as for manual traders who want to get more from their indicators. Oscillator type and parameters are controlled through inputs. For the comfort of using, all the oscillators are normalized (if needed) and fit the relative scale from 0 to 100,
LRMA Color - a linear regression indicator. Linear regression is a statistical tool used to predict future prices based on past data. It uses the least squares method to draw the "most suitable" straight line through a series of points of price values. The number of calculation bars (candlesticks) is used as inputs. This indicator is designed for manual trading.
Indicator for scalping trading system. Dynamic exponential levels of three periods of support or resistance price, as indicated by the short-term trend. Adjustable width of the price channel (invert overbought and oversold levels). The default settings for the EURUSD. Indication trading situation in periods of M1 and M5 at the same time on the same graph regardless of the timeframe.
Trade Helper for FX is an information indicator which will help you to find an optimal volume for opening a position with a given symbol. It will show you the main characteristics of your account and a selected symbol: leverage and spread; account drawdown level in percentage terms; if drawdown level is >= 50%, the text color will red. This is very convenient. minimal and maximal volume of a trade with a given symbol; margin per 1 lot; trade volume equal to your risk level specified in p
The indicator displays the value of ROC (Rate of change) from the selected price or moving average as a histogram. You can plot the moving average ROC values for smoothing indicator. Displayed Data ExtROC - rate of change ExtMAROC - smoothing line Parameters You can change the price, on which the indicator is calculated. Inputs InpMAPeriod - in case you want to calculate the moving average ROC, enter averaging period. Enter 1 for the calculation of the specified prices. InpMAMethod -
The APriceChannel is a modification of the standard Price_Channel indicator. It has 2 levels - the upper level shows the maximum price for the specified time interval, the lower level shows the minimum price for that period. In addition to period, it allows to set the vertical offset in price points, the channel will be expanded up and down by this value. This allows to prevent the false breakouts of the current support/resistance levels. Input Parameters: Period - Time period in bars - t
Chaikin's volatility indicator calculates the spread between the maximum and minimum prices. It judges the value of volatility basing on the amplitude between the maximum and the minimum. Unlike Average True Range, Chaikin's indicator doesn't take gaps into account. According to Chaikin's interpretation, a growth of volume indicator in a relatively short space of time means that the prices approach their minimum (like when the securities are sold in panic), while a decrease of volatility in a l
The double smoothed Stochastic indicator is similar to the standard Stochastic. The difference is the double smoothing. This feature of the oscillator does help to overcome some of the limitations of the standard Stochastic oscillator to a certain extent. This relates to the Stochastic Oscillator's tendency to fail when the market is trending strongly. The result is a smoother indicator that responds slower to price fluctuations, enabling its usefulness even when the market is trending. This in
The indicator shows the number and ratio of ticks with the price growth and fall for each candle of the chart. The upper part of the histogram in the form of thin lines shows the number of price growth ticks (bullish strength), while the lower part shows the amount of price fall ticks (bearish strength). The thicker histogram bars is the difference between the strength of bulls and bears. A positive difference is displayed in green, and the negative one is red. The strength of bulls increases w
The indicator shows the current spread of the symbol, the minimum, average and maximum values for the current bar in the form of digital, analog and graphic indicators. Has two modes of operation: fixing the system spread, or calculating the spread as the difference between the "Bid" and "Ask" prices on each incoming tick. Parameters The indicator has a single input parameter: Type of calculation - type of spread calculation. It can take the following values: System spread - the spread valu
Awesome Oscillator D The Awesome Oscillator D is a modified version of Awesome Oscillator. Awesome Oscillator or AO is one of Bill Williams indicators and is a momentum measurement tool ussing two Simple Moving Averages of 34 and 5 periods. AO is a powerful indicator to reveal trend changes or to predict trend reversals. Awesome Oscillator D or AOD calculates AO by DEMA instead of SMA and has better sensitivity and accuracy. AOD has the same input parameter as AO, the applied price. Input Par
This indicator colors the bars of the main chart as opposite to the standard MFI, which is displayed in a separate window. First of all, such representation makes it easier to locate key points connected with specific values of MFI. In addition, the standard MFI has a problem. There may appear too big values of MFI changing the graph scale so that the small values become invisible. And this problem is solved by coloring the bars.
This tick indicator draws synthetic bars/candlesticks that contain a definite number of ticks. Parameters: option prices - price option. It can be Bid, Ask or (Ask+Bid)/2. the number of ticks to identify Bar - number of ticks that form OHLC. price levels count - number of displayed price levels (no levels are displayed if set to 0 or a lower value). calculated bar - number of bars on the chart.Buffer indexes: 0 - OPEN, 1 - HIGH, 2 - LOW, 3 - CLOSE.
Trajecta Cockpit is a Trading Signal Indicator using evolutionary, non-repainting, and self adjusted algorithms of Trajecta Labs, encapsulated at Trajecta Pilot platform. Description of the Trading Signal Trajecta Labs Platform: Trajecta Pilot Platform Strategy: based on smart support and resistance analysis Signal Strategy: based on performance filters Signal Algorithms: standard and proprietary support and resistance algorithms and indicators Signal Setup: automatic Market/Instrument
%b shows you as a percentage where the last price is in relation to the lower and upper Bollinger Bands. If the price is at the moving average line, %b will show on the secondary chart window as a value of 50 which is 50% between the bands. %b can be a negative value (below the lower band) or above 100 (above the upper band) when the price is outside of the bands. This indicator also includes an upper line and lower line that you can specify. By default these are set at 0 and 100 for the 0% and
ZigZag rsi MT5 - as the name implies, this is the ZigZag indicator based on the RSI oscillator. Its logic is pretty simple. When the RSI TrendMT5 indicator informs about trend change, we search High/Low prices on the part of the previous trend. When this price level is found, it is marked by the ZigZag rsi MT5 indicator. Settings: period - period of RSI TrendMT5.
The indicator is similar to https://www.mql5.com/en/market/product/12330. However, it considers the MQL5 platform features. Peaks and bottoms are calculated based solely on external bars. After a swing is formed, the indicator does not redraw providing opportunities for traders working on horizontal level breakthroughs. Traffic can be reduced by changing the amount of calculated bars in the MinBars variable (default value is 500). All you need is to select the output options, so that you can se
This indicator plots TICK Chart This indicator displays ticks (doesn't display volume) you can only group Trade Ticks, BID/ASK changes aren't allowed, but it can be displayed as dotted lines DATE/TIME X Axis isn't synchronized with MT5 date/time X Axis, MT5 don't allow 2 X axis with different times Some Parameters Information: copyTypeEnum - select if it will copy ticks with TRADE, ALL or BID/ASK change tickTypeEnum - select if the ticks will be grouped by same type (price, time, buy/
The standard Commodity Channel Index (CCI) indicator uses a Simple Moving Average, which somewhat limits capabilities of this indicator. The presented CCI Modified indicator features a selection of four moving averages - Simple, Exponential, Smoothed, Linear weighted, which allows to significantly extend the capabilities of this indicator. Parameter of the standard Commodity Channel Index (CCI) indicator period - the number of bars used for the indicator calculations; apply to - select
ReviewCandleChart is a unique product that can verify past price fluctuations using candlestick charts. This indicator accurately reproduces market price fluctuations in the past and can make trading decisions (entries, profits, loss cut) many times so that you can learn the trading faster. ReviewCandleCahrt is the best indicator to improve trading skills. ReviewCandleCahrt caters to both beginners and advanced traders. Advantages of the indicator This Indicator for verifying price fluc
RSI talking, use all your senses while trading! The idea When trading your eyes might be very stressed. Therefore I programmed the RSItalking. Trade what you see and what you hear! Function This indicator says "rsioverbought" when rsi is over a threshold value (default 75%) and "rsioversold" if it is under a lower threshold (default 25%). When you keep a long position be adviced to realize profit when the indicator tells you "rsioverbought" and vice versa. You will find an explanation of t
Close points is very important objects in all of markets , when Trader or analysis have all time Close together , can decided quickly and correctly! at this indicator Close's price number sets depend on Time series . deep on 2 priors candles in all time ( for e.g. 2 prior candle of 1 minute or 5 minute) and compare is easy here ! this indicator show all support and resistance calculate on different times at a glance! ,free of depend any exclusive charts (Trends) like S
Индикатор представляет собой дважды с глаженый индекс относительной силы(RSI) с оповещением сигналов для принятия торговых решений. Индикатор следует за ценой, его значения колеблются от 0 до 100. Область применения индикатора такая же и как и обычного индикатора RSI. Описание настроек индикатора: Period_1 - период для вычисления индексаPeriod_2 - первичный период сглаживания индикатораPeriod_3 - вторичный период сглаживания индикатораMAMethod - метод сглаживанияAppliedPrice - ценовая констант
Highly configurable Momentum indicator. Features: Alert functions. Multi timeframe ability (lower and higher TF also). Color customization. Linear interpolation and histogram mode options. Works on strategy tester in multi timeframe mode (at weekend without ticks also). Adjustable Levels. Parameters: Momentum Timeframe: You can set the lower/higher timeframes for Momentum.Bar Shift for Lower Timeframe: Shift left or right the lower timeframe's candle.Momentum Period: Momentum parameters.Appli
Highly configurable OBV indicator. Features: Alert functions. Multi timeframe ability (lower and higher TF also). Color customization. Linear interpolation and histogram mode options. Works on strategy tester in multi timeframe mode (at weekend without ticks also). Adjustable Levels. Parameters: OBV Timeframe: You can set the lower/higher timeframes for OBV.Bar Shift for Lower Timeframe: Shift left or right the lower timeframe's candle.OBV Period / Applied Price: OBV parameters.Stepless (Line
This oscillator is a derivative from Bollinger Bands. It is an attempt to find optimal zones for buying and selling. This indicator shows zones deserving attention, and it is up to trader whether to enter a trade or not. Optimal zones are the zero values of the indicator. However, it doesn't mean that a deal should be performed right away. The best variant is analyzing the market state using a trade system together with this oscillator. If the oscillator recommends entering a deal in the given
This indicator has been developed to show the features of cluster filters described in the article "Creating Non-Lagging Digital Filters". It contains a set of tests allowing users to examine behavior of such filters in more details. Input Parameters All tests are based on Momentum indicator. Method - Momentum calculation method: Relative Momentum - calculation is performed similar to the one described by William Blau. It is set by default. Absolute Momentum - calculation is performed si
Trajecta Gene is a trading signal indicator using evolutionary, non-repainting, and self-adjusted algorithms of Trajecta Labs, encapsulated at Trajecta Neuron platform. Description of the Trading Signal Trajecta Labs Platform: Trajecta Neuron Platform Strategy: based on machine learning and artificial neuron networks Signal Strategy: based on momentum of support and resistance Signal Algorithms: standard and proprietary genetic algorithms and indicators Signal Setup: automatic Market/I
ATR Envelopes use a multiple of the Average True Range and add an upper envelope line and lower envelope line around a moving average. ATR Envelopes are also known as ATR Channels. Typical use is to indicate when the price breaks out of the envelope as the ATR measures volatility. Way of the Turtle by Curtis Faith uses this type of indicator as it shows tests of an ATR Channel Breakout trend following system. You can change the moving average period, the Average True Range period, and th
The indicator is looking for a Price Action double bar reversal pattern. A double bar with similar Lows and higher Close - DBLHC (bullish setup) A double bar with similar Highs and lower Close - DBHLC (bearish setup)A pattern may consist of two, three or even four bars. It is believed that the more bars form a pattern, the stronger it is. The indicator has five configurable parameters: The difference between adjacent high or low - difference between High and Low of adjacent bars form
KForce Indicator depicts points in which prices are away from the normal movement. It does that by classifying the strength of a movement in three different ways: Light, Medium and Strong. Yellow bars represent light movements, which indicates that prices are slightly cheaper or more expensive than usual. Usually yellow bars are not a strong signal. Orange bars represent movements of medium force. It is a good indication that prices are far way from the average, and might be considered a good e
The arbitration indicator displays the Bid price of the current and all brokers connected to it from different providers of MT4 and MT5 quotes. It is in addition to the adviser Latency Arbitrage MT4 . The indicator can simultaneously display up to 5 connected quotes, and is compatible with MT5 versions. Data exchange takes place using a file. MT4 version of the indicator Latency Arbitrage Indicator MT4. The indicator can be used to find a fast / slow supplier of MT4 / MT5 quotations. Indicato
The indicator draws two simple moving averages using High and Low prices. The MA_High line is displayed when the moving average is directed downwards. It can be used for setting a stop order for a sell position. The MA_Low line is displayed when the moving average is directed upwards. It can be used for setting a stop order for a buy position. The indicator is used in the TrailingStop Expert Advisor. Parameters Period - period of calculation of the moving average. Deviation - rate of con
This indicator draws: 1 Kijun Sen + 3 Envelopes + 7 Price LabelsThe Kijun Sen, Envelope/s and Price Labels can be hidden as required. Envelopes can be used to identify: Price ranging; Overbought price levels; Oversold price levels; Take Profit levels; Stop Loss levels.All parameter changes can be permanently saved and loaded via the Save and Load buttons in the Inputs tab. The Color tab offers limited and temporary change that expires on chart close or timeframe change, unless perma
Tired of adjusting the indicator settings losing precious time? Tired of the uncertainty regarding their efficiency? Afraid of the uncertainty in their profitability? Then the indicator ACI (automatically calibrateable indicator) is designed exactly for you. Launching it, you can easily solve these three issues just performing the simplest action: clicking a single Calibrate button. To achieve the highest efficiency, you should perform another additional action: move the power slider to the maxi
Trajecta Ocean is a Trading Signal Indicator Platform using evolutionary, non-repainting, and self adjusted algorithms of Trajecta Labs. Trajecta Ocean Signals: 1-Wave, 2-Shark, 3-Whale, 4-Fish, 5-Pacific, 6-Atlantic, 7-Arctic, 8-Indian, 9-Southern, and 10-Marine Description of the Platform Trajecta Labs Platform: Trajecta OceanPlatform Strategy: based on price action, evolutionary algorithms, smart support and resistance analysis and risk managementSignal Strategy: based on performance and
The Bollinger BandWidth is the numerical difference between the value of the upper Bollinger Band and the lower Bollinger Band. As volatility increases and the Bollinger Bands get wider, the BandWidth indicator value will increase. As volatility decreases and the Bollinger Bands get closer, the BandWidth indicator value will decrease. The BandWidth indicator helps show volatility as it increases and decreases. Typical use is to find times of low volatility that start to breakout as the pr
Usage. The Spread Record indicator displays spread for each price bar as a bar graph. It uses five variables as spread values: Spread level at the bar opening; Maximum spread level reached during the bar; Minimum spread level reached during the bar; Spread level at the bar closing; Average spread level within the bar (displayed as a green dot on the corresponding level of the bar)This version of the indicator is free of charge and available for everyone. It does not remember spread values
The indicator searches for the Rails PriceAction pattern. The pattern consists of two adjacent oppositely directed bars. Open and Close prices of the two adjacent bars included in the pattern should be located close to each other. It is desirable that the candlestick shadows are small enough. For the bearish pattern (the pattern's right candle is a bearish one), SellStop pending order is placed slightly below the pattern's Low. The initial stop is placed slightly above the pattern's High. For
D-Channel is a technical indicator defining the current Forex market status - trend or flat. The indicator is based on DEMA (Double Exponential Moving Average). The advantage of DEMA is that it eliminates false signals at the saw-toothed price movement and allows saving a position at a strong trend. The indicator can work on any timeframe, though H1 and higher timeframes are recommended to minimize false signals. The indicator displays a channel as lines located above and below the average li
The indicator analyzes the specified period of bars, searching for the probable rise/fall cycles. A return of the values back from the upper or lower level may indicate a reversal moment of the cycle. An optional 10-level digital filtering is used for additional smoothing. The changes in the oscillator line direction can be additionally marked with "arrows" (dots by default). Parameters Calculation period - calculation period; Prev value calc coef - coefficient of "impact" of the previo
The TEMA Trend indicator is based on two TEMA (Triple Exponential Moving Average) - fast and slow. The advantage of the TEMA is that it provides a smaller delay than a moving average with a single or double smoothing. The indicator allows determining the direction and strength of the trend, and it can work on any timeframe. Uptrends are shown by blue color of the indicator line, downtrends by the red color. Close a short position and open a long one if the line color changes from red to blue