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This indicator is a straight port of a well known MetaTrader 4 indicator that is freely available on the Internet. It does not redraw at all. It implements a type of breakout strategy. The arrows indicate market direction. Use the indicator on M15 charts and higher. The indicator draws two bands near price action and generates signals when the price closes below the lower band and also above the upper band. The indicator uses periodic highs and lows to calculate upper and lower threshold bands.
FREE
Bollinger Bands Technical Indicator (BB) is similar to envelopes. The only difference is that the bands of Envelopes are plotted a fixed distance (%) away from the moving average, while the Bollinger Bands are plotted a certain number of standard deviations away from it. Standard deviation is a measure of volatility, therefore Bollinger Bands adjust themselves to the market conditions. When the markets become more volatile, the bands widen and they contract during less volatile periods. This ada
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The Commodity Channel Index computes the deviation of the typical price of each bar from the average price over a particular time period. Multiplying the median deviation by 0.015 facilitates normalization, which makes all deviations below the first standard deviation less than -100, and all deviations above the first standard deviation more than 100. This adaptive version is based on the indicator described by John Ehlers, in the book Rocket Science for traders. The indicator uses the homodyne
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The Relative strength index is an oscillator that follows price, it was introduced by Welles Wilder, who went on to recommend the 14 period RSI. This adaptive version is based on the indicator described by John Ehlers, in the book 'Rocket Science for Traders'. The indicator uses the homodyne descriminator to compute the dominant cycle. To apply the homodyne descriminator, real and imaginary parts have to be calculated from the Inphase and Quadrature components. (Inphase and Quadrature components
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The Classic Pivot Points indicator is fully configurable and can be adjusted to work in different ways. If you are a manual trader and prefer a clean chart, you can configure the indicator so that it only draws pivot points for the current session. Otherwise if you are developing an expert advisor that uses pivot points, you can configure the indicator to show historical pivot points as well. Another unique feature of this indicator is that, when calculating daily pivots, it is possible to set a
The Camarilla Pivots indicator is fully configurable and can be adjusted to work in different ways. If you are a manual trader and prefer a clean chart, you can configure the indicator so that it only draws camarilla pivot points for the current session. Otherwise if you are developing an expert advisor that uses pivot points, you can configure the indicator to show historical camarilla pivots as well. Another unique feature of this indicator is that, when calculating daily camarilla pivots, it