Articles, Library comments - page 216

CCI Stochastic: Indicator combining two well known indicators: CCI and Stochastic. This is a Stochastic of CCI. One possible issue that CCI can cause (it is not widely known that CCI actually does not have known bounds for levels) is avoided when Stochastic is applied to CCI and the bounds...

EMA Deviation: By definition, the Standard Deviation (SD, also represented by the Greek letter sigma σ or the Latin letter s) is a measure that is used to quantify the amount of variation or dispersion of a set of data values. In technical analysis we usually use it to measure the level of...

BB Stops - EMA Deviation: BB Stops (Bollinger Bands Stops) indicator is a well known indicator. Some versions are posted at the code base too (for example here: BB Stops). Usually it is calculated using standard deviation. This version changes that and uses EMA deviation for calculation as a...

Rocket RSI: As described in the May 2018 edition of Technical Analysis of Stocks & Commodities by John F. Ehlers. This indicators is an enhancement to the traditional RSI for detecting cyclical reverses. This indicator has two settings: RSILength - This needs to be half the dominant cycle...

MAC3D Custom Indicator: 3 Dimensional MACD Ribbon. Author: Thecreator

New article MQL5 Programming Basics: Global Variables of the Terminal has been published: This article highlights object-oriented capabilities of the MQL5 language for creating objects facilitating work with global variables of the terminal. As a practical example I consider a case when global...

Schaff trend RSX mtf: Schaff Trend RSX with an option to work in multi timeframe mode. Timeframes supported are all the possible timeframes supported by MetaTrader 5 and it has 3 "special" timeframes: Next higher timeframe: first higher timeframe compared to active chart, Second higher...

New article MQL5 Cookbook: Writing the History of Deals to a File and Creating Balance Charts for Each Symbol in Excel has been published: When communicating in various forums, I often used examples of my test results displayed as screenshots of Microsoft Excel charts. I have many times been asked...

Rainbow Oscillator: Based on Mel Widner's Rainbow Average (that is similar to Guppy MMA), here is an oscillator version. The indicator is mainly intended to show the trend of the market. But, using the levels (that are dynamic - they depend on the market changes), you can use it to assess...

New article Creating Neural Network EAs Using MQL5 Wizard and Hlaiman EA Generator has been published: The article describes a method of automated creation of neural network EAs using MQL5 Wizard and Hlaiman EA Generator. It shows you how you can easily start working with neural networks, without...

Murrey Math Lines for the Current Bar: Murrey Math Lines for the current bar are an effective tool for the market movements forecasts. The well-known theorist Thomas Henning Murrey is widely known in the world of the modern trading. It was he who adapted the theory of the legendary William Gann...

Breakout Bars Trend: The alternative indicator for trend definition based on the breakthrough bars and distance from extremums. Author: Serhii Ivanenko

New article Using MetaTrader 5 Indicators with ENCOG Machine Learning Framework for Timeseries Prediction is published at mql5.com: This article presents connecting MetaTrader 5 to ENCOG - Advanced Neural Network and Machine Learning Framework. It contains description and implementation of a simple...

Range Oscillator + Bands: Range Oscillator is an indicator that shows the relative position of median price in the highest high to lowest low range for desired period. Unlike the basic version, this version uses Bollinger Bands for overbought and oversold conditions assessment....

Range Oscillator: Indicator that is similar to "raw" Stochastic and Williams Percent Range. Range Oscillator is an indicator that shows the relative position of median price in the highest high to lowest low range for desired period. It is bound to 0 - 100 range, hence those levels are the...

Flat-Trend_HTF: The Flat-Trend indicator with the timeframe selection option available in the input parameters: input ENUM_TIMEFRAMES TimeFrame=PERIOD_H4; // Indicator chart period (timeframe) This indicator requires Flat-Trend.mq5 indicator file. Place it in...

Digital filters - separate: A set of digital filters that are always drawn in separate window (due to their nature). Supported types are: FTLM - Fast Trend Momentum, STLM - Slow Trend Momentum, RBCI - Range Bound Channel Index, PCCI - Perfect Commodity Channel Index. Author:...

Digital Filters - on chart: A set of 4 types of digital filters that naturally are placed on main chart. The supported digital filter types: FATL - Fast Adaptive Trend Line, SATL - Slow Adaptive Trend Line, RFTL - Reference Fast Trend Line, RSTL - Reference Slow Trend Line....

New article Features of Experts Advisors has been published: Creation of expert advisors in the MetaTrader trading system has a number of features. Author: MetaQuotes Software Corp.

MACD High/Low MTF: MACD High/Low made multi timeframe. Timeframes supported are all the possible timeframes supported by MetaTrader 5 and it has 3 "special" timeframes: Next higher timeframe: first higher timeframe compared to active chart, Second higher timeframe: second higher timeframe compared...

SV v.4.2.5: The Expert Advisor opens no more than one position per day. Positions are opened at the specified time. It searches for the Highest and Lowest price in an interval. Data of two iMA (Moving Average, MA) indicators are used. Author: Vladimir Karputov

New article Poll: Traders’ Estimate of the Mobile Terminal has been published: Unfortunately, there are no clear projections available at this moment about the future of the mobile trading. However, there are a lot of speculations surrounding this matter. In our attempt to resolve this ambiguity we...

Ehlers Nonlinear Filter Zone: This is the "zone" indicator using Ehlers Nonlinear Filter for calculation. "Zone" is calculated using High, Low and Median price in order to attempt to assess the trend of the current chart instrument. For that reason you shall see periods of "no trend" (i.e....

Trend Strength Average: Usually Trend Strength indicators are using oscillator based indicators for trend strength assessment. This version changes that. It can use some of the 4 regular types of averages and is drawn on the main chart. That way you can see directly on the price itself the...

Ehlers Distance Coefficient Filter: John Ehlers' Distance Coefficient Filter. Even though a lot of times it is mistaken for Ehlers Nonlinear Filter, they are not the same. This version is coded exactly a Ehlers described it in his book "Rocket science for traders". Author: Mladen...

Ehlers Nonlinear Filter: John Ehlers is known for making a lot of new tools for technical analysis. Here is one more. According to Ehlres: These filters provide extraordinary smoothing in sideways markets and aggressively follow major price movements with minimal lag. Even though he tends to...

Zone Trade: The indicator was described by B. Williams as fourth dimension - Trading Zone: If the current bars of AC and AO are trending up, it shows that the zone is up, If the current bars of АС and АО down, it shows that the zone is down, If the bars of AC and AO are differently directed...

Heiken Ashi Zone Trade - Separate: Heiken Ashi Zone Trade - Separate indicator is based on 3 indicators: Heiken Ashi, Accelerator Oscillator, Awesome Oscillator. The combined states and values of the 3 are producing zones and trade signals. This version of Heiken Ashi Zone Trade indicator...

Heiken Ashi Zone Trade: Heiken Ashi Zone Trade indicator is based on 3 indicators: Heiken Ashi, Accelerator Oscillator, Awesome Oscillator. The combined states and values of the 3 are producing zones and trade signals. Author: Mladen Rakic

Trend Intensity Index: Trend Intensity Index as described by M.H.Pee in his article "Trend Intensity Index". To calculate a 30-day Trend Intensity Index (TII), follow these steps: Obtain the 60-day simple Moving Average by adding the Closes for the past 60 days and dividing the result by 60, Find...