• Overview
  • Reviews
  • Comments

Mood of the market

This is a model of the market mood analyzer https://www.mql5.com/en/market/product/12833, which displays price movement balance lines, as well as its current level as a percentage on the current timeframe. Abbreviated names of the indicators used in the balance calculations are displayed to the right. Color indicates how the market is perceived by the indicator.


Parameters

  • MinBars - amount of calculated bars. The default is 500. 0 - the entire history.
  • Draws_Lines - enable display of trend strength lines. Enabled by default;
  • TrendStrongLevel - "strong" signal level. The default is over 75.00%;
  • alert - enable Alert;

"====== RSI ======";

  • RSI_Period - calculation period. The default is 14;
  • RSI_PRICE_TYPE - applied price for calculating the indicator: PRICE_TYPICAL;
  • coef_rsi - indicator influence ratio. The default is 1;

"====== CCI ======";

  • TrendCCI_Period - calculation period. The default is 170;
  • EntryCCI_Period - calculation period. The default is 34;
  • CCI_PRICE_TYPE - applied price for calculating the indicator: PRICE_TYPICAL;
  • coef_cci - indicator influence ratio. The default is 1.2;

"===== STOCH =====";

  • STOCH_K_Period - K line period. The default is 5;
  • STOCH_D_Period - D line period. The default is 3;
  • STOCH_Slowing - slowing. The default is 3;
  • MA_MODE - averaging method: MODE_EMA;
  • coef_stoch - indicator influence ratio. The default is 1.0;

"====== MA ======";

  • MA_Fast - calculation period. The default is 5;
  • PRICE_TYPE_Fast - applied price for calculating the indicator: PRICE_CLOSE;
  • MA_Slow - calculation period. The default is 5;
  • PRICE_TYPE_Slow - applied price for calculating the indicator: PRICE_OPEN;
  • MA_MODE - averaging method: MODE_SMA;
  • coef_ma - indicator influence ratio. The default is 1;

"== Heiken_Ashi_MA =="; https://www.mql5.com/en/market/product/12790

  • MaPeriod - calculation period. The default is 5;
  • MaMetod - averaging method: MODE_SMMA;
  • MaPeriod2 - calculation period. The default is 3;
  • MaMetod2 - averaging method: MODE_LWMA;
  • coef_ha - indicator influence ratio. The default is 1;

"=== Line Mixer ==="; https://www.mql5.com/en/market/product/12798

  • variant - calculation variant. The default is 1. Any other value means the variant 2;
  • coef_lm_1_0 - indicator influence ratio. The default is 1;
  • coef_lm_3_2 - indicator influence ratio. The default is 0.7;

"=== Ichimoku ===";

  • tenkan_sen - Tenkan-sen period: 2;
  • kijun_sen - Kijun-sen period: 5;
  • senkou_span_b - Senkou Span B period: 8;
  • coef_kumo - indicator influence ratio. The default is 1;
  • Color move up - move up color;
  • Color move down - move down color;
  • Color inscriptions - inscription color;
  • Color neutral - neutral color.

Each of the indicators has its influence weight ratio in the total position of the balance calculation. This allows the analyzer to receive overbought/oversold signals in time. The attached screenshots contain the images of all indicators with the standard settings used for visual perception of the processed data. Only one screenshot displays what you will actually see after launching the analyzer on a symbol.

No reviews