MASi Wave Histogram

5

This is an implementation of the market cycle indicator described by Raghee Horner in the book "Forex Trading for Maximum Profit".

The current state of the market can be determined by analyzing the inclination angle of the exponential moving average (EMA) running on a period of 34 bars. If the EMA inclination is defined as the direction of the hour hand on the dial from 12 to 2 hours, then an uptrend is considered to be present; from 2 to 4 hours, the market consolidates; from 4 to 6 hours, a downtrend is considered to be present.

The indicator generates signals according to the following pattern:

  • Green bars represent the presence of an uptrend, which appears when a bar closes above ЕМА 34 (High);
  • Gray (or empty) bars represent the price consolidation, which appears when a bar closes within ЕМА 34 (High) and ЕМА 34 (Low);
  • Red bars represent the presence of a downtrend, which appears when a bar closes above ЕМА 34 (Low).

Signals are confirmed when three candles of the same color appear.


Parameters

  • EMA - period of the indicator's moving average
  • Neutral signal - enable/disable the display of the neutral signal
Reviews 2
Raakesh Dheer
332
Raakesh Dheer 2021.06.30 08:14 
 

Nice

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The implementation of the impulse system described by Dr. Alexander Elder. The indicator colors the bars according to the following pattern: Moving average and MACD histogram increase - green bar, it is forbidden to sell; Moving average and MACD histogram have different directions - blue bar, the ban is removed; Moving average and MACD histogram decrease - red bar, it is forbidden to buy. Indicator Parameters EMA - period of the indicator's moving average MACD Fast - period of the fast moving a
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The implementation of the impulse system described by Dr. Alexander Elder. The indicator generates signals according to the following pattern: Moving average and MACD histogram increase - green bar, it is forbidden to sell; Moving average and MACD histogram have different directions - gray (or empty) bar, the ban is removed; Moving average and MACD histogram decrease - red bar, it is forbidden to buy. Indicator Parameters EMA - period of the indicator's moving average MACD Fast - period of the
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MASi MACD Histogram
Aleksey Terentev
4.5 (2)
This oscillator has become one of the main tools of most professional traders. The indicator includes a classical MACD ( Moving Average Convergence/Divergence ) line, a signal line, as well as a MACD histogram. Exponential moving averages are used in the calculation. The indicator also provides the ability to enable signals on identification of divergences between the price graph and the indicator. Divergences are identified using three patterns: classic, hidden and extended divergences. Indica
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MASi Wave
Aleksey Terentev
4.63 (8)
This is an implementation of the market cycle indicator described by Raghee Horner in the book "Forex Trading for Maximum Profit" . The current state of the market can be determined by analyzing the inclination angle of the exponential moving average (EMA) running on a period of 34 bars. If the EMA inclination is defined as the direction of the hour hand on the dial from 12 to 2 hours, then an uptrend is considered to be present; from 2 to 4 hours, the market consolidates; from 4 to 6 hours, a d
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The Keltner Channel indicator represents a channel along the moving average , with the width defined by calculating the average true range on the period of the moving average. This indicator can be applied for receiving signals, as well as a substitute for the Moving Average Envelopes indicator. Its advantage is the increased quality of channel width auto selection, which can be adjusted using the Size of channel in percent parameter. Indicator Parameters Period of indicator - calculation perio
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MASi Adaptive MA
Aleksey Terentev
5 (1)
Adaptive MA is a simple modification of the moving averages (MAs) that allows displaying an average value line based on multiple MAs on the chart. The parameters allow you to set any number of MA periods. The number of parameters is equal to the number of moving averages applied in calculation. At first, it may seem that nothing new has been invented and there is no sense in this approach. However, this impression is deceptive. As we know, the trends have different duration. Have you ever tried
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Atmos23
24
Atmos23 2022.10.22 09:09 
 

Indicador muy útil. Gracias

Raakesh Dheer
332
Raakesh Dheer 2021.06.30 08:14 
 

Nice

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