Why was there a need to improve the standard indicator? I wanted to test Moving Average indicator ([data folder]Indicators\Examples\Custom Moving Average.mq5) in the tetser, since ...
Mean Indicator displays two levels: average price of all bars of the current day and the average price of the previous day.It has one configurable parameter:Day hour begin- day sta...
Candle Range Envelop indicator displays candle length, average length for a period and two envelopes forming minimum and maximum values channel as a color histogram.It has eight ad...
indicator with background filling for overbought/oversold areas, as well as for the channel between them.The indicator uses SmoothAlgorithms.mqh library classes (copy it to <ter...
Zero breakthrough by the candle;Changing candle movement direction;Overbought or oversold levels breakthrough;Exiting overbought or oversold areas.Input parameters for activating s...
The indicator shows the gap size on the histogram. The gap is a rift between the current bar's Open price and Low/High of the previous bar.The tool is most efficient for symbols no...
Theory : People are using divergence in many way. Most of the methods are actually arbitrary (since the "extremes" are easily determined visually, while they are not as easily dete...
Theory :The idea for this type of divergence checking was explained here : . More information can be found at the original postThis indicator : It is using the linear regression ch...
Theory : Instead of using some fixed levels as a criteria for over-bought and oversold, now the indicator calculates "floating levels" which are adjusting itself to the changes of ...
Theory : According to Vitali Apirine’s article “Higher Highs & Lower Lows,” in in February 2016 issue of TASC, the momentum indicator-based system HHLLS (higher high, lower low...
Theory : The commodity channel index(CCI) is an oscillator originally introduced by Donald Lambert in 1980.CCI measures a security’s variation from the statistical mean.The CCI is ...
Theory : The original of deviation scaled ma was originally published here : with some more explanation. That original is using what Ehlers calls a "filer" which is simply a differ...
Theory : Deviation scaled MA tends to be a "fast" average, but if you attempt to use the slope change of it as signals, then you can run into a lot of false signals when the market...
Theory : This idea I found on the net. It was originally made by someone using "RicardoSantos" user name on one other trading platform forum. I liked the idea and the indicator is ...
Theory : This is an old idea : using the highest high and lowest low as support resistance.It is combining two highest high & lowest low calculations. The "slow" channel formed...
Theory : The indicator is calculating a smoother value of momentum ratio (current value compare to previous value) using a series of ema calculations for smoothing. The result is a...
Theory : Exponential moving average (EMA) is one of the most used ways of smoothing / filtering data. By its nature it is a first-order infinite impulse response filter that applie...
Theory : This "ribbon" indicator is using an EMA variation indicator that was originally published (with some more explanation) here :It is using the "speed" property of the ema va...
Theory : Making self adjusting levels is a method that in some cases "chooses" to do the full value calculation or just to "inherit" a previously calculated value. That implies tha...
Theory : Probability density function based MA is a sort of weighted moving average that uses probability density function to calculate the weights. By it's nature it is similar to...
Theory : Bill Williams's Awesome Oscillator Technical Indicator (AO) is a 34-period simple moving average, plotted through the bars midpoints (H+L)/2, which is subtracted from the ...
Theory : "Trend strength" is usually used on oscillators. But we also started using it on a non-oscillator types of indicators. This is one of themIt is using Ehlers' deviation sca...
Albeit forex with major pairs does not have volume information, one of the most used indicators where this information is available is Williams' Variable Accumulation Distribution,...
Every person who studied Technical Analysis knows that one of the drivers of Price Change is Volume. Several training courses show the monitoring of Volume changes using a Moving A...
Theory : The calculation of RSI is rather simple : we have to add the changes up and changes down. From those sums, we can then calculate the RSI (Relative Strength Index). At that...
Theory :As described by John Ehlers :We could measure the fractal dimension of prices by covering the curve with a series of small boxes. This is burdensome task, but if we note th...
Theory : Usage :You can use the color change as signals in this indicator. Some experimenting with the filter size and frama method calculations is advised...
The control dashboard has features as shown:Click "Trend Bar" to turn the indicator on or off.Drag and Drop "Non-Lag-MA" to reposition the information display.Clicking "Top Band" w...
Theory : It is based on 4 different period Hull moving averages and is indicating possible entry points based on the correlations of those 4 Hull averagesUsage : You can use the ar...
Theory : Usage : The usual way Schaff trend cycle is used - color changes can be used for signals, or you can define some levels as triggers for signals...
Theory : This "ribbon" indicator is using an Hull moving average variation indicator that was originally published (with some more explanation) here :It is using the "speed" proper...
Theory : Trend Trigger Factor was described by M.H. Pee in the Technical Analysis of Stocks and Commodities magazine in December, 2004. Usually the indicator is added some sort of ...
Comparison of Open and Close prices often does not give a correct assessment of the direction of the candle. To use in MT4, change the file extension to .mq4 or download ....
Theory : Indicator based on M.H.Pee's article "Just How Long Will A Trend Go On? Trend Continuation Factor".Because trends are an important component of the market, it is imperativ...
Theory : Based on the "Are You in A Trend" article by M.H.Pee :The trend detection index (TDI) is used to detect when a trend has begun and when it has come to an end. The TDI can ...
Theory : It was created by M.H.Pee. The definition (in short) is the following :To calculate a 30-day trend intensity index (TII), follow these steps:Obtain the 60-day simple movin...
P.H.Pee has created a few indicators. In the series of those created by him there is a phase change index tooit is inverted (the original shows values when the phase should change,...
Basics : BB stops, as it is in original, is based on simple moving average (that is the average that is used in Bollinger bands). Since then we had a couple of changes in that - in...
Fig. 1. Hans_Indicator_x22_Cloud_System_Alert indicator. Channel breakthrough on the first barFig. 2. Hans_Indicator_x22_Cloud_System_Alert indicator. Activating an alert...
indicator with the timeframe selection option available in input parameters:For the indicator to operate, the XBullsBearsEyes_Vol_Direct.ex5indicators should be added to the <te...
Bigeev RustemThe HLCrossSigForRSI is considered as a trend indicator since it is intended for "catching" trends. However, it's a pretty complex and informative indicator that allow...
Linear regression slope oscillator displays the slope of the current linear model of the price for the selected period.It has one configurable parameter:Period - calculation period...
Gann HiLo Activator/SuperTrend Bar signal indicator is based on and indicators.It has four inputs:GHLA period- Gunn HiLo Activator calculation periodSuperTrend period- SuperTrend c...
Gann HiLo Activator indicator is a simple trend indicator with a colored line.It has one configurable parameter:Period - calculation periodCalculation:If Direction < 0GHLA = Avg...
Elder Impulse System signal indicator is Alexander Elder's impulse system. The system uses the slope of the exponential moving average and the MACD histogram to classify trends.The...