Description : Usage : Crosses of the zero line can be used as trading signal. Since they are different types of averages, be careful what combination of periods are used, since som...
Background : Of this indicator : EMA (Exponential Moving Average) can use fractional period for calculation (ie: it can use, for example, period 14.5 and not just period 14 or 15) ...
Basics : Usage : As usual : you can use the color change (since it is indicating two average crosses) for signals. But due to the adaptive nature of the EMA and due to sometimes ve...
Background : Extension added : color change when outer levels are crossedcolor change when middle level (a sort of a "zero line") is crossed Usage : Use color change as signal. Som...
Range Expansion Index (REI) definition : Range Expansion Index (REI) is an oscillator that measures price changing rate and signals about overbought/oversold areas, in case a price...
Range Expansion Index (REI) definition : Range Expansion Index (REI) is an oscillator that measures price changing rate and signals about overbought/oversold areas, in case a price...
Range Expansion Index (REI) definition : Range Expansion Index (REI) is an oscillator that measures price changing rate and signals about overbought/oversold areas, in case a price...
Basics : simple moving averageexponential moving averagesmoothed moving averagelinear weighted moving average Usage : You can use color change of the step bar as signals...
Basics : This indicator is using the well known JMA (Jurik Moving Average) to calculate a sort of a generic trend. The way it calculates it :it calculates the jma of highit calcula...
RSX (Relative Strength Quality Index) that does not use "pure" price for calculation but uses adaptive lookback average filtered price for calculationOf price filtering for rsx : T...
Theory: Dr. Alexander Uhl invented a method that he used on to filter the moving average and to check for signals. Originally it was intended to be used on average only. But it tur...
Basics : Usually CCI is calculated as using average (Simple Moving Average) and mean deviation. That produces the well known CCI that we all are using.Smoother results can be achie...
History : The original idea for this indicator comes from Mark Jurik (the original inventor of RSX - Relative Strength Quality Index). His idea was to apply RSX to RSX and then to ...
Basics : It is less known that the JMA (Jurik Moving Average) is already an adaptive indicator (it is adapting using the usual market volatility monitoring mode). Hence making it a...
Definition : Interpretation of Acceleration Bands : The indicator uses the concept of “acceleration” to get into and out of stocks. (It, of course, can also be used on any other ty...
Theory : A z-score(aka, a standard score) indicates how many an element is from the mean. A z-score can be calculated from the following formula.z = (X - μ) / σwhere z is the z-sco...
Description : change colors on no trade zones crossingchange colors on outer levels crossingchange colors on Laguerre RSI slopechange colors on signal line crossingUsage : Dependin...
Theory : Although T3 is widely used, some of the details how it is calculated are less know. T3 has, internally, 6 "levels" or "steps" that it is using for calculation of the T3.In...
Theory : EMA (Exponential Moving Average) is very well known and widely used indicator. More information on it can be found here :Usage : Comparison : For the sake of seeing what i...
Theory : Original Hull moving average is calculated as LWMA[square root(period), (2*LWMA(period/2, price)-LWMA(period, price)] (where LWMA is Linear Weighted Moving Average). That ...
Basics : The indicator is using 3 instances of the new fast ema Hull (originally published here : ). That indicator is an extremely fast and smooth moving average. Combining 3 inst...
I couldn't find MQL5 code for the Kelly Criterion, so I decided to write it myself; but it turned out that the Kelly Criterion only works for Bernoulli Distributions. This means it...
Definition : John Ehlers’ “Super Smoother”, a 2-pole Butterworth filter combined with a 2-bar SMA that suppresses the Nyquist frequencyUsage : You can use color changes as signals....
Basics : Here we have a variation of super smoother (originally published here : ) that is using its own past values as a criteria for filtering out some false signals.Usage : Sinc...
Definition : Of limitations : Maximal pass value allowed by the indicator is 10. To change it, change the line 4 of the code that goes like this :Usage : You can use the color chan...
Basics : Usually CCI is calculated as using average (Simple Moving Average) and mean deviation.Usage : You can use the color changes as signals when using this indicator...
Basics : Usually CCI is calculated as using average (Simple Moving Average) and mean deviation.Usage : You can use the color changes as signals when using this indicator...
Definition : "Juice" indicator is showing if the level of standard deviation is above or bellow some desired level and, that way, it is showing if we are in a times of increased or...
The indicator with the ability to change the timeframe using the input parameters:For the indicator to operate, the Wajdyss_Ichimoku_Candle.ex5indicator must be available under <...
The indicator with the ability to change the indicator timeframe using the input parameters:For the indicator to work, the BrainTrend2_V2.ex5indicator must be added to the <term...
The indicator with the ability to change the indicator timeframe using the input parameters:For the indicator to operate, the BrainTrend.ex5indicator must be added to the <termi...
Three independent trading systems using indicators within a single EA with an ability to change the volume of a forthcoming trade depending on the results of the previous trades fo...
Idea by:The Expert Advisor is based on the iIchimoku (Ichimoku Kinko Hyo) indicator. If the last position was closed at a loss, the next one will be opened with the increased volum...
The Polarized Fractal Efficiency (PFE) indicator is designed for identifying trends.There are four input parameters:Fast ROC period- fast ROC (Rate of Change) calculation period;Sl...
The Polarized Fractal Efficiency Overlay (PFE_Overlay) indicator is designed for identifying trends. Unlike , the indicator is displayed on the price chart as the main indicator li...
ROCX is a modified ROC (Rate Of Change) indicator displaying an absolute or relative price change.It is calculated as (current - previous) / previous, not (current / previous - 1)....
A colored smoothed that displays the most recent value as a price label with the possibility to round the indicator levels up to a required number of digits. The number of digits t...
The oscillator displayed as a color histogram.The indicator uses the SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The detailed descr...
Idea by:Input Parameters Lots- position volume (always fixed, dynamic calculation is not used);Stop Loss- stop loss ("0.0" == off);Take Profit- take profit ("0.0" == off);Trailing ...
The Silence indicator displays aggressiveness (price change rate, the blue line) and volatility (the red line) in a separate window.The indicator has three input parameters:Period-...
The Slope Direction Line indicator is displayed as a colored moving average line indicating the average market movement direction.The indicator has three input parameters:Period- c...
The oscillator displayed as a color histogram.The indicator uses the SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The detailed descr...
Idea by:How it works The EA only operates (opens new positions) when a new bar emerges.The volume of the opened position is equal to Lots. Stop Loss, Take Profitand Trailing Stopca...
The STPMT (Medium Term Weighted Stochastics) indicator.The indicator has twenty six customizable parameters, of which 24 parameters are four similar blocks of parameters having six...
The VPCI (Volume Price Confirmation) indicator shows the relationship between the price and the volume.It has two input parameters:Slow MA period- slow MA period;Fast MA period- fa...
The signal and information indicator Williams Thrust is based on two Williams' Percent Range indicators with different periods and their average values.There are five inputs:First ...
The Wilder's Smoothing Average (WMA) indicator.It has two input parameters:Period- calculation period;Applied price- price used for calculations. Calculations:where:...