MetaTrader 5
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- 2018.03.14 14:14
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From Walter Downs’ article "From Terms To Technical Tools" he introduces the Point of Balance Oscillator, two conditions to color bars and two system tests.
The indicator shows current trend by showing a color of the current balance. The opposite color is not displayed as long as it does not become a trend (hence, lack of color, means the opposite trend is the prevailing)
Candle Closing Time Remaining (CCTR) MT5
MetaTrader 5 version of Candle Closing Time Remaining (CCTR) is an indicator which displays the remaining time for an open candle to be closed.
Inverse Fisher CCI
CCI is a very useful indicator. But it lacks one thing: known bounds. Adding Inverse Fisher Transform to CCI makes it oscillate in known bounds, and that way it can help in assessing what is exactly going on with the markets.
Hull MACD
This version of MACD uses Hull Moving Average for MACD calculation instead of using EMA (as the original Gerald Appel version does). That makes it "faster" than the EMA version and suitable for scalping techniques as well as for trending techniques (if longer calculation periods are used).
Stochastic of T3
This version of Stochastic Oscillator reduces the number of false alerts by smoothing the price prior to be used in the stochastic calculation. That makes a nice smooth stochastic as a result that can easily be used for trend trading systems.