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Binary Advance Light version

This is a Lite version of my Binary Wave Advance Oscillating indicator: https://www.mql5.com/en/market/product/90734

Free for a limited time!

It reduces the less useful indicators, while keeping it's predictive modifications to make each indicator within better than their stock counter part. I reduced it and made it simpler, in the hopes it would be less overwhelming and more approachable.

Contains:

  • ADX
  • Chaikin
  • Money Flow Index

Each have separate smoothing controls to tame faster periods, as well as the Main has it's own smoothing period, so you could double smooth the values, if desired. The ADX line has a signal for use with trigger points of when the market is ready to reverse it's trend or force, etc. Signal line just makes it easier to keep track of.

This is by no means a stock indicator. The predictive/pre-emptive moving nature alone in each one has to be worth some value to your charts, perhaps. Any other details can be read on the Advanced version of this indicator. Thank you.

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Update 2.2: Added MFI with predictive mod. Updated all indicators to reflect similar values, to combine multiple ones to rest well on overbought/oversold lines. Update 2.3: Minor bug fixes. Update 2.4: Removed buggy indicators DeMarker, and MACD, as it was too complicated and not as accurate as the rest due to it's nature. Added Awesome Oscillator. removed spreads, as it bogged the indicator down. Added other features, like indicator value compensators to match each other's levels when combine
Update 2.0: Added the option to change LWMA to the other 3 basic MA modes. I also added Smoothing to it, to tame it a bit. You can input 1 as smoothing period and no smoothing will be applied. Update 2.1: Removed Trend Typical Open/Close as is was the same behavior as Trend Open/Close. Trend follow works by averaging the high/low with close/open. If Close is above Open, Trend Close = Close+High/2, averaging between close and high, and when Close drops below Open, it's calculation automatically
This is similar in it's idea as the Binary Advance/Lite indicator, but this is intended to use as a levels indicator, as well as trend reversal and how ranging the market is. It takes several useful indicators and combines them in such a way as to declutter your charts, yet prove even more useful together, than separate. RSI, RVI, DeMarker, MACD are added together then multiplied by ATR and StdDev to reveal multiple factors: How far the price has changed, and as the price slows down and reverses
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