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- 18814
- Note:
- Publié:
- 2020.07.26 17:20
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Theory :
- Ocean series of indicators were originally created by Jim Sloman (the theory) and Pat Raffalovich (the coder) - additional information can be obtained in Jim Sloman's book
- Natural market slope is an indicator that combines :
- Natural market slope period linear regression slopes (weighted by appropriate coefficients) into a single "market slope"
- Prices can be additionally pre-smoothed vi TEMA (triple ema)
- Even though usually adding pre-smoothing adds lag, using TEMA in this case works very well (default values are using almost insignificant lag)
- As any usual slope / momentum indicator
- You can use the color change of the indicator as an indication of momentum change
- You can use the zero cross of the indicator as an indication of "trend" change
![Identify potential Trends/Range (Pivot Points) + Entry points](https://c.mql5.com/i/code/indicator.png)
The story behind this indicator is really interesting. I've published last week a script called "Identify potential Trends/Range (Pivot Points)" and a huge number of MQL5(ers) contacted me to ask if it is possible to have it as an indicator. So I was glad that lot of people actually like my scripts and indicators so that is why I've decided to convert the script to this indicator.
![Random walk index](https://c.mql5.com/i/code/indicator.png)
Random walk index (optimized version)
![Design patterns - Factory Method](https://c.mql5.com/i/code/library.png)
An interface for creating an object that defers instantiation to subclasses. They decide which class to instantiate.
![Design patterns - Prototype (creational)](https://c.mql5.com/i/code/library.png)
Create objects by copying a prototype