Theory : color changes on slope changecolor change on level crosscolor changes on signal line crosscolor changes on zero line crossUsage : You can use color change as signal...
Theory : multi time frame support added. apart from the standard time frames supported by the metatrader 5, you have 3 "special" time frames :next higher time frame (first time fra...
Theory : The indicator is based on Akram El Sherbini's article "Time Cycle Oscillators" published in IFTA journal 2018.The WPO is a short-term oscillator that measures the buying a...
Theory :The indicator is based on Akram El Sherbini's article "Time Cycle Oscillators" published in IFTA journal 2018.The simple harmonic index (SHI) is based on the derivations of...
Theory :The indicator is based on Akram El Sherbini's article "Time Cycle Oscillators" published in IFTA journal 2018.The SHO is a bounded oscillator for the simple harmonic index ...
Theory : Bollinger bands are calculated as :The part that is using standard deviations is a part that can be interpreted differently. The standard deviation usually used is the sta...
Theory : The idea is simple : the indicator shows when the close price closes above the upper Bollinger band or bellow the lower Bollinger ban. Some are using those as signals for ...
Theory : This CCI (Commodities Channel Index) indicator deviates from "regular" CCI in two main points :it is using standard deviations for calculations (instead of using mean abso...
Theory : This CCI (Commodities Channel Index) indicator deviates from "regular" CCI in two main points :it is using standard deviations for calculations (instead of using mean abso...
We have all seen a currency pair enter the overbought or oversold territory and stay there for long periods of time. What this indicator does is gives you the emphasis. So if you a...
Theory : it is even smoother since it uses T3 for velocity calculationit is displaying the velocity as a "tape" it is adding heiken ashi prices to a set of available pricesUsage : ...
Theory : As simple as it gets : no parameters. It is made to work on time frame that are less than daily time frames and is showing an estimated intraday support resistanceUsage : ...
Theory : The original calculation of RSI is (in short) the following :Add the changes up and changes down. From those sums, we can then calculate the RSI (Relative Strength Index)....
Theory : "Rocket RSI" was (along with detailed description) published here :display pivot onlydisplay pivot and 1st level support and resistancedisplay pivot and 1st and 2nd level ...
Theory : TriX oscillator is a nice trending indicator found as a built in indicator in metatrader.display pivot onlydisplay pivot and 1st level support and resistancedisplay pivot ...
Theory : PS: the color of the indicator is nor based on the slope of the indicator, but on the internal "velocity" that is calculated in the process of calculating this indicatorUs...
Theory : Multi time frames are having, apart from all the standard multi time frames that can be used in metatrader 5, 3 additional "time frames" :first higher time frame (first ti...
Theory : first higher time frame (first time frame higher than the current chart time frame)second higher time frame (second time frame higher than the current chart time frame)thi...
Theory : first higher time frame (first time frame higher than the current chart time frame)second higher time frame (second time frame higher than the current chart time frame)thi...
Just a combining of a variable consecutive candle detector along with associated RSI levels.Interesting settings:Number of consecutive candles needed before a valid signalOverbough...
Theory : The Aroon indicator was developed by Tushar Chande in 1995.first higher time frame (first time frame higher than the current chart time frame)second higher time frame (sec...
Theory : The Aroon indicator was developed by Tushar Chande in 1995. Arron oscillator is belonging to the same family and is (even if it does not look so at the first glance) a dir...
Theory : RSI swings indicator is based on Rsi(oma) indicator and the zone where the values is floating in. You can use the usual set of averages types of Rsi(oma) calculationsimple...
Theory : There are different ways how traders are trying to determine if the market is trending or consolidating. One of the methods used is to compare standard deviation to averag...
Squeeze indicator (originally published here : ) made to display colored candles or bars (depending on the type of display you are using for your chart) on the main chart...
Theory : The "squeeze" method (indicator doing that was posted here : )is usually (due to the nature of calculation - since it uses standard deviations as a part of calculation) as...
Theory : The theory of this indicator is simple :It takes nnn RSI values specified by periods parameter and checks if all the nnn rsi values are above or bellow the required value....
Theory : use one of the 4 basic types of averages for calculation :simple moving averageexponential moving averagesmoothed moving averagelinear weighted moving averageit is normali...
Theory : This is an ATR (Average True Range) that resets itself on the start of a new period. New periods are :daily (for all time frames less than dailyweekly for daily time frame...
Changing two parameters with the mouse pointerX - maximum MA period changesY - step of changing of MA periodLeft click of the mouse - the beginning/end of the change of parameters....
Theory :Parabolic SAR is calculated using high and low prices. This indicator allows you to :use any price (not just high and low)use average of the price (instead of using "raw" p...
A combination of RSI (Relative Strength Index) indicator and CCI (Commodity Channel Index) that provides a confirmation of RSI signalsYou can use the color changes as signals...
Theory : PS: the RSI used in this calculation is the one using double smoothed Wilder's EMA instead of "simple" Wilder's EMA. Results are a bit smoother (and faster) this wayUsage ...
Theory : The idea is simple : the indicator checks the slope of the (chosen type of) average. The longer the slope goes in one direction, the steeper the value of the indicator goe...
Since it seems that we can not rely only on the brute force of metatrader 5, from time to time we need to revisit the code and optimize it - for speed mainly. One example of that i...
Back to the basics : One might ask : "Why do we need the simple moving average when it is published already"?There are multiple reasons :existing sma calculations tend to have one ...
The indicator builds a sliding line based on interpolation by a polynomial of 4 degrees. The constructed line is extrapolated as a section of a given function by a sinusoid and its...
Basics (description by All Hull) By Alan Hull Back in 2005 when I was working on a new indicator I was temporarily sidetracked by trying to solve the problem of lag in moving avera...