Watch how to download trading robots for free
Find us on Telegram!
Join our fan page
Join our fan page
You liked the script? Try it in the MetaTrader 5 terminal
- Views:
- 16456
- Rating:
- Published:
- 2016.05.16 09:40
-
Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
Author: Aborigen
Elastic Volume Weighted Moving Average (EVWMA), a natural replacement for the standard moving average.
Differences of the EVWMA from the standard МА:
Elastic Volume Weighted Moving Average (EVWMA), a natural replacement for the standard moving average.
Differences of the EVWMA from the standard МА:
- 1. The EVWMA does not have an averaging period, instead it uses the volume to determine the period of the average component.
- 2. The EVWMA considers the information on volume (or time) in a natural and logical manner.
- 3. The EVWMA can be obtained as an approximation to the statistical estimation, and thus has a mathematical basis.
![](https://c.mql5.com/18/16/indicator_evwma_1.gif)
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/7457
![EMAPredictive3](https://c.mql5.com/i/code/indicator.png)
This is a very simplistic method, one of the best in the signal processing and target tracking.
![EMA-Crossover_Signal](https://c.mql5.com/i/code/indicator.png)
The indicator is very simple, and it requires certain mental and psychological efforts.
![RSIFilter_v1](https://c.mql5.com/i/code/indicator.png)
Trend filter. In short, the RSIFilter fails on strong fluctuations, but handles the trend good enough, but if it get improved a bit, it could be able to give clear answers.
![Traditional Itrend](https://c.mql5.com/i/code/indicator.png)
Trend indicator with a multitude of settings. Displays the direction (red) and strength (blue) of the trend as a two-colored histogram. The main signals are the crossing of the zero line, reaching a new high/low, divergence.