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In the case of weighted moving average, the latest data is of more value than more early data. Weighted moving average is calculated by multiplying each one of the closing prices within the considered series, by a certain weight coefficient.
This is a very simplistic method, one of the best in the signal processing and target tracking.
The indicator line sharply changes its direction at the critical moments. It helps to identify the beginning of the trend.
Indicator draw green and red lines similar to wavy dash. Green is a buy signal, red is a sell signal.
The indicator will draw vertical lines every hour or any minute that you desire within the hour as long as a candle closes on that minute over the top of other indicators in the sub window.
The indicator shows the arrows point of entry into the position according to the Urban Towers Scalping Strategy.
The Indicator ang_AutoCh_HL-v1 automatically forms up the equidistant price channel from givenned points.
In my opinion, Welles Wilder RSI (Relative Strength Index) is a great momentum oscillator that works fine for small periods values (from 2 to 20). So I did some changes to it performe as good for greater periods, like 120, introducing a gain variable.
The Williams Percent Range indicator, in which the indicator period is calculated automatically using the number of bars of the current day.
The Hi/Low indicator shows how close the current value of the parameter is to the minimum and maximum values over a certain time interval.
The indicator shows the fractals of different time periods on one chart (with different colors). Only М15, Н1, Н4, D1 are used.
Indicator of support and resistance levels. It simplifies the navigation in placing the "stops".