Articles, Library comments - page 217

Trend Continuation Factor: 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 imperative you can detect them. However, it's not enough to just identify a trend. It's also...

Leader of the MACD - Extended: This is the Leader of the MACD as described by Giorgos E. Siligardos. In short, in this indicator there are 2 indicators in 1. There are a regular MACD (which is drawn as lines (colored line is a regular MACD and dotted line is signal)) and the "Leader MACD"...

Trend Strength - Jurik smoothed RSI: Trend strength assessment based on Jurik smoothed RSI. The purpose of the "trend strength" is to try to determine when the change of some other indicator is significant enough to make it a trend. Usually the "trend strength" indicator is using smoothed...

ADXVMA Histogram: ADXVMA is one new sort of a Moving Average. It is using modified ADX calculation for adapting Moving Average calculation. The process of adapting is so efficient that it filters out a lot of noise out of the market and produces longer periods of smooth values. This is a...

Phase Change Index: Based on the M.H. Pee's TASC article "Phase Change Index". Prices at any time can be up, down, or unchanged. A period where market prices remain relatively unchanged is referred to as a consolidation. A period that witnesses relatively higher prices is referred to as...

Quick tutorial video we put together about how to change your timeframes on MT5.  

T3 bands: Variation of the well known Bollinger Bands indicator. Instead of using SMA for the central value of the bands, T3 is used. Also, instead of using standard deviations for upper bands and lower bands, T3 deviation is used for that, producing much smoother and faster bands than the...

T3 Deviation: The original idea came from Bob Fulks and Alex Matulich (they are the ones that improved the original Tim Tillson T3 calculation). The calculation is not a Standard Deviation smoothed by T3. Instead it uses intermediate steps of T3 calculation to get the deviation based on T3....

Zero lag T3: T3 is a very well known indicator. It is smooth and it is fast. In the process of making it faster, two coders (Bob Fulks and Alex Matulich) have altered the T3 calculation to make it faster. This version can calculate both of the calculating ways : original (Tim Tillson way)...

Record IsConnected, Spread, Stop, FreezeLevel: EA is run say once every minute and writes the status of IsConnected, spread, stop and freeze level to a file. Parameters I_RecordPeriodInMinutes - In Minutes, how often the spread etc is recorded, I_BeginningOfLogFile - String used at the start...

Aroon oscillator on chart: The version of Aroon oscillator, displayed on the main chart. Author: Mladen Rakic

Swing Line - Binary: Ron Black's Swing Line indicator with only two states displayed: State up. State down. Since it is using only two states, it is suitable for simple usage from Expert Adviser(s). Author: Mladen Rakic

TWR: TWR is calculated based on the color of the previous bar and the closing price of the current bar, ignoring the other price information, and actually redrawing the candle chart using the closing price. Color definition: Red indicates a rise, Green indicates a drop. Define the color of...

Swing Line - Histogram: Ron Black's Swing Line indicator made as histogram indicator. Author: Mladen Rakic

ADXm Smoothed - MTF: ADXm is a variation of a well known ADX indicator. Unlike the ADX indicator, which is directionless (the value of the ADX itself does not show the direction of the market, but is just showing if certain level(s) are reached), ADXm indicator is attempting to correct that...

DoubleMA Crossover EA: Adviser DoubleMA Crossover EA. Author: John Smith

Exp_XMACD: The trading system based on the signals taken from the XMACD universal histogram Fig. 1. The instances of history of deals on the chart. Author: Nikolay Kositsin

Simple Single Layer Perceptron EA: The EA using single layer Perceptron. Author: Kei Sanada

ADXm smoothed: ADXm is a variation of a well known ADX indicator. Unlike the ADX indicator, which is directionless (the value of the ADX itself does not show the direction of the market, but is just showing if certain level(s) are reached), ADXm indicator is attempting to correct that and is...

Dynamic Balance Point: Indicator that calculates dynamic balance point for the desired period. Even though it is a sort of a multi timeframe indicator, it calculates the balance point without usual issues that multi timeframe indicators have: the recalculation. The balance point is...

Linear Regression Sketcher: A variation of linear regression. Author: Mladen Rakic

New article Comparing speeds of self-caching indicators has been published: The article compares the classic MQL5 access to indicators with alternative MQL4-style methods. Several varieties of MQL4-style access to indicators are considered: with and without the indicator handles caching. Considering...

BarNumbers: Displays the number of each bar - both, relative to the most current bar and in absolute terms from the beginning of the chart. Author: Samuel Beer

Chande's DMI (Dynamic Momentum Index): The Dynamic Momentum Index (DMI) is a variable term RSI. When default values are used, the RSI term varies from 3 to 30. The variable time period makes the RSI more responsive to short-term moves. The more volatile the price is, the shorter the time...

Vortex - smoothed: Vortex indicator (based on the article that was published in the January 2010 issue of TASC) with a smoothing option. Smoothing is done by filtering (smoothing) prices prior to vortex calculation in order to lessen the inevitable lag that comes with any smoothing. Also,...

Triple Jurik Smooth: Jurik smoothing (not the same as Jurik average - the Jurik smoothing we are using for MetaTrader 5 is actually an indicator that is completely done using MetaTrader 5 and was not developed by Mark Jurik, but since the basic theory of it was similar to the Jurik average,...

Ultra Trend: Ultra Trend is one of the well known indicators made for MetaTrader 5 now. The way how Ultra Trend is calculated is simple: Multiple period Jurik smooth values are calculated, Slope of each instance of such value is checked, Overall result of sloping up and sloping down is taken...

Dynamic Pivots: Based on the Austin Passamonte's idea, this indicator calculates intra-day pivots. This one is a version where default values for pivot levels are at 38,61% of the range, but you can easily change it through parameters to the Fibo levels Passamonte proposes in his TASC...

WPR with Bollinger bands: Williams %R, WPR, or just %R, is a technical analysis oscillator showing the current closing price in relation to the high and low of the past N days (for a given N). It was developed by a publisher and promoter of trading materials, Larry Williams. Its purpose is...

Count Back Lines: Indicator developed based on the original explanation of Daryl Guppy: APPLYING THE COUNT BACK LINE ENTRY By Daryl Guppy All users must know the correct starting point for the CBL (Count Back Line) calculation. The increasing incidence of double bottoms has led to...