Technical Indicator - MetaTrader5 (Page 329)

Understanding the Stochastic Momentum Oscillator: A Trader's Guide

Author: Andrey N. Bolkonsky The Stochastic Momentum Oscillator (SMO), created by William Blau, is a powerful tool for traders looking to enhance their technical analysis. It's built upon the Stochastic Momentum Index, which you can learn more about in the insightful book Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis. Ensure that WilliamBlau.mqh is placed in terminal_data_folder\MQL5\Include\ Place Blau_SM_Stochastic.mq5 in terminal_data_folder\MQL5\Indicators\ Stochastic Momentum Oscillator Calculation: The Stochastic Momentum Oscillator is calculated using the following formulas: SM_Stochastic(price,q,r,s,u) = SMI(price,q,r,s,u)SignalLine(price,q,r,s,u,ul) = EMA(SM_Stochastic(price,q,r,s,u),ul) Where: SM_Stochastic() - Represents the Stochastic Momentum Index SMI(price,q,r,s,u); SignalLine() - This is the Signal Line, which is an exponentially smoothed moving average applied to the Stochastic Momentum Index; ul - This is the period for EMA smoothing of the Signal Line. Input Parameters: Graphic Plot #0 - Stochastic Momentum Index: q - Period of Stochastic Momentum (default is q=5); r - Period of the first EMA applied to Stochastic Momentum (default is r=20); s - Period of the second EMA applied to the result of the first smoothing (default is s=5); u - Period of the third EMA applied to the result of the second smoothing (default is u=3); Graphic Plot #1 - Signal Line: ul - Period of EMA smoothing of the Signal Line, applied to the Stochastic Momentum Index (default is ul=3); AppliedPrice - This indicates the price type (default is AppliedPrice=PRICE_CLOSE). Note: q must be greater than 0; r, s, and u must also be greater than 0. If r, s, or u equals 1, no smoothing is applied; ul must be greater than 0. If ul equals 1, the Signal Line and Stochastic Momentum Index will be identical; Minimum rates = (q - 1 + r + s + u + ul - 4 + 1).

2011.06.28

MetaTrader5

Unlocking the Stochastic Momentum Index (Blau_SMI) for MetaTrader 5: A Trader's Guide

Author: Andrey N. Bolkonsky The Stochastic Momentum Index (SMI), created by William Blau, is a powerful tool for traders who want to analyze market momentum effectively. This indicator is based on the Stochastic Momentum Indicator, which you can dive deeper into by checking out Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis. The SMI is normalized to half of the q-period price range and scaled within the [–100,+100] interval. Traders interpret SMI values as indicators of market conditions: positive values suggest overbought conditions, while negative values indicate oversold states. Place WilliamBlau.mqh in terminal_data_folder\MQL5\Include\ Place Blau_SMI.mq5 in terminal_data_folder\MQL5\Indicators\ How the SMI is Calculated: The calculation for the Stochastic Momentum Index is as follows:                               100*EMA(EMA(EMA( price-1/2*[LL(q)+HH(q)] ,r),s),u)                  100 * SM(price,q,r,s,u)SMI(price,q,r,s,u) = --------------------------------------------------------------- = -------------------------------------------------                                       EMA(EMA(EMA( 1/2*[HH(q)-LL(q)] ,r),s),u)            EMA(EMA(EMA( 1/2*[HH(q)-LL(q)] ,r),s),u) Where: price - close price; LL(q) - minimum price over the last q bars; HH(q) - maximum price over the last q bars; sm(price,q)=price-1/2*[LL(q)+HH(q)] - q-period Stochastic Momentum; SM(price,q,r,s,u) - triple smoothed q-period Stochastic Momentum; HH(q)-LL(q) - the price range over the last q bars; 1/2*[LL(q)+HH(q)] - midpoint of the q-period price range; 1/2*[HH(q)-LL(q)] - half of the q-period price range; EMA(...,r) - first smoothing using the exponentially smoothed moving average with period r, applied to: the Stochastic Momentum; half of the q-period price range; EMA(EMA(...,r),s) - second smoothing using EMA of period s, applied to the result of the first smoothing; EMA(EMA(EMA(...,r),s),u) - third smoothing using EMA of period u, applied to the result of the second smoothing. Input Parameters: q - period used for the calculation of Stochastic Momentum (default q=5); r - period of the first EMA applied to stochastic (default r=20); s - period of the second EMA applied to the result of the first smoothing (default s=5); u - period of the third EMA applied to the result of the second smoothing (default u=3); AppliedPrice - price type (default AppliedPrice=PRICE_CLOSE). Important Notes: Ensure that q > 0; r > 0, s > 0, u > 0. If r, s, or u = 1, smoothing is not applied; Minimum rates = (q - 1 + r + s + u - 3 + 1).

2011.06.28

MetaTrader5

Mastering the Stochastic Momentum Indicator for MetaTrader 5

Author: Andrey N. Bolkonsky The Stochastic Momentum Indicator (SM) created by William Blau is a key tool for technical analysis. You can dive deeper into his methods in his book, Momentum, Direction, and Divergence. This indicator measures the distance of the current closing price from the midpoint of a specified range of bars, known as the q-period. Stochastic Momentum Value: This indicates how far the current price is from the midpoint of the q-period price range. Sign of Stochastic Momentum: Positive values suggest the price is above the midpoint, while negative values indicate it's below. Definition of Stochastic Momentum by William Blau Make sure to place WilliamBlau.mqh in terminal_data_folder/MQL5/Include/ Put Blau_SM.mq5 in terminal_data_folder/MQL5/Indicators/ Calculation: The q-period Stochastic Momentum is calculated using the following formula: sm(price,q) = price - 1/2 * [LL(q) + HH(q)] Where: price: The closing price. q: The number of bars used for the Stochastic Momentum calculation. LL(q): The lowest price over the q bars. HH(q): The highest price over the q bars. 1/2 * [LL(q) + HH(q)]: This represents the midpoint of the q-period price range. The smoothed q-period Stochastic Momentum is calculated using: SM(price,q,r,s,u) = EMA(EMA(EMA(sm(price,q),r),s),u) Where: price: The closing price. q: The number of bars for Stochastic Momentum. sm(price,q): The q-period Stochastic Momentum. EMA(sm(price,q),r): The first smoothing using an exponential moving average over period r. EMA(EMA(...,r),s): The second smoothing using an EMA over period s. EMA(EMA(EMA(sm(q),r),s),u): The third smoothing using an EMA over period u. Input parameters: q: Period of Stochastic Momentum (default q=5). r: Period of the first EMA (default r=20). s: Period of the second EMA (default s=5). u: Period of the third EMA (default u=3). AppliedPrice: Type of price used (default AppliedPrice=PRICE_CLOSE). Note: q must be greater than 0. r, s, and u must also be greater than 0. If r, s, or u equals 1, smoothing is not applied. Minimum rates = (q-1+r+s+u-3+1).

2011.06.28

MetaTrader5

Mastering the Stochastic Oscillator: Your Guide to Blau's Indicator for MetaTrader 5

Author: Andrey N. Bolkonsky The Stochastic Oscillator is a powerful tool based on the Stochastic Index developed by William Blau. If you're looking to deepen your trading strategies, you might want to check out his work in Momentum, Direction, and Divergence. To use this indicator, make sure to place WilliamBlau.mqh in your terminal_data_folder\MQL5\Include\ directory. Additionally, Blau_TS_Stochastic.mq5 needs to go in your terminal_data_folder\MQL5\Indicators\ folder. Stochastic Oscillator by William Blau How It's Calculated: The Stochastic Oscillator is calculated as follows: TS_Stochastic(price,q,r,s,u) = TStochI(price,q,r,s,u) The Signal line is determined through smoothing: SignalLine(price,q,r,s,u,ul) = EMA(TS_Stochastic(price,q,r,s,u) ,ul) where: TS_Stochastic() - This represents the Fast Stochastic, %k - Stochastic Index TStochI(price,q,r,s,u); SignalLine() - This is the Slow Stochastic (the Signal Line), %d, which is an exponentially smoothed moving average applied to the Fast Stochastic (%k) with a period of ul; ul - This is the EMA smoothing period for the Signal Line. Input Parameters: Graphic Plot #0 - Fast Stochastic (Stochastic Index), %k: q - This is the period of Stochastic (default is q=5); r - This is the period of the 1st EMA applied to Stochastic (default is r=20); s - This is the period of the 2nd EMA smoothing applied to the result of the 1st smoothing (default is s=5); u - This is the period of the 3rd EMA smoothing applied to the result of the 2nd smoothing (default is u=3); Graphic Plot #1 - Slow Stochastic (Signal Line), %d: ul - This is the period of EMA smoothing (signal line) applied to Fast Stochastic (default is ul=3); AppliedPrice - This refers to the type of price applied (default is AppliedPrice=PRICE_CLOSE). Important Notes: q must be greater than 0; r, s, and u must also be greater than 0. If r, s, or u = 1, smoothing is not applied; ul must be greater than 0. If ul = 1, the oscillator and signal lines will be identical; Minimum rates = (q-1 + r + s + u - 3 + 1).

2011.06.24

MetaTrader5

Understanding the Stochastic Index: A Deep Dive into Blau_TStochI for MetaTrader 5

Author: Andrey N. Bolkonsky The Stochastic Index, a normalized smoothed q-period Stochastic developed by William Blau, is detailed in his book Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis. This indicator normalizes the values of the q-period smoothed Stochastic, mapping them into a range between [0, +100]. This makes it an effective tool for identifying overbought or oversold conditions in the market. Make sure to place WilliamBlau.mqh in your terminal_data_folder\MQL5\Include\ Place Blau_TStochI.mq5 in your terminal_data_folder\MQL5\Indicators\ Stochastic Index Indicator by William Blau Calculation: The Stochastic Index Indicator is calculated using the following formula: 100 * EMA(EMA(EMA( price-LL(q) ,r),s),u) TStochI(price,q,r,s,u) = ------------------------------------------------- 100 * TStoch(price,q,r,s,u) EMA(EMA(EMA( HH(q)-LL(q) ,r),s),u) Where: price - close price; q - number of bars used in the calculation; LL(q) - lowest price over the q bars; HH(q) - highest price over the q bars; stoch(q)=price-LL(q) - q-period Stochastic; TStoch(price,q,r,s,u) - triple smoothed q-period Stochastic; HH(q)-LL(q) - q-period price range; EMA(...,r) - first smoothing using the exponentially smoothed moving average with period r, applied to: q-period Stochastic; q-period Price Range; EMA(EMA(...,r),s) - 2nd smoothing: EMA of period s applied to the result of the 1st smoothing; EMA(EMA(EMA(...,r),s),u) - 3rd smoothing: EMA of period u applied to the result of the 2nd smoothing. If EMA(EMA(EMA(HH(q)-LL(q),r),s),u)=0, then TStochI(price,q,r,s,u)=0. Input Parameters: q - period used for the calculation of Stochastic (default is q=5); r - period of the 1st EMA applied to Stochastic (default is r=20); s - period of the 2nd EMA applied to the result of the 1st smoothing (default is s=5); u - period of the 3rd EMA applied to the result of the 2nd smoothing (default is u=3); AppliedPrice - price type (default is AppliedPrice=PRICE_CLOSE). Note: q>0; r>0, s>0, u>0. If r, s, or u =1, smoothing is not applied; Minimum rates = (q-1+r+s+u-3+1).

2011.06.24

MetaTrader5

Understanding the Blau_TStoch Indicator for MetaTrader 5

Author: Andrey N. Bolkonsky If you’re diving into the world of trading, the Stochastic Indicator, particularly the smoothed q-period Stochastic developed by William Blau, is a tool you should consider adding to your arsenal. This indicator is based on the traditional Stochastic Indicator (check out the book Momentum, Direction, and Divergence for deeper insights). The Blau_TStoch displays how far the closing price is from the lowest price over the last q bars. Essentially, it provides a numerical value that indicates the price's position relative to the lowest price in that specific period, with values always being >=0. Make sure to place WilliamBlau.mqh in your terminal_data_folder\MQL5\Include\ Drop Blau_TStoch.mq5 into your terminal_data_folder\MQL5\Indicators\ Stochastic Indicator Blau_TStoch How It Works: The calculation for the q-period Stochastic is straightforward: stoch(price,q) = price - LL(q) Where: price - the closing price of the current timeframe; q - the number of bars used in the Stochastic calculation; LL(q) - the lowest price over those q bars. To get the smoothed q-period Stochastic, you would calculate it like this: TStoch(price,q,r,s,u) = EMA(EMA(EMA( stoch(price,q) ,r),s),u) Where: price - the closing price; q - the number of bars for the Stochastic calculation; stoch(price,q) - the q-period Stochastic; EMA(stoch(price,q),r) - 1st smoothing via exponentially smoothed moving average (EMA) over period r; EMA(EMA(...,r),s) - 2nd smoothing applying EMA over period s; EMA(EMA(EMA(...,r),s),u) - 3rd smoothing with EMA over period u. Input Parameters: q - period for Stochastic calculation (default is q=5); r - period for the 1st EMA (default is r=20); s - period for the 2nd EMA (default is s=5); u - period for the 3rd EMA (default is u=3); AppliedPrice - the type of price used (default is AppliedPrice=PRICE_CLOSE). Important Notes: Ensure q > 0; Make sure r > 0, s > 0, and u > 0. If any of r, s, or u equal 1, smoothing won't be applied; Minimum rates = (q-1+r+s+u-3+1).

2011.06.24

MetaTrader5

Mastering the Blau Ergodic Oscillator: A Comprehensive Guide for Traders

Author: Andrey N. Bolkonsky The Blau Ergodic Oscillator, developed by William Blau, is a powerful tool based on the True Strength Index (TSI). If you're interested in diving deeper, check out the book Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis. One of the key features of the Ergodic Oscillator is its signal line, which helps indicate trend reversals. Buy signal: An upward crossover of the signal line. Sell signal: A downward crossover of the signal line. The signal line is derived from smoothing the base line (the Ergodic oscillator or TSI), with its averaging period matching the last averaging period of the base line. When the base line is above the signal line, the trend is considered upward; conversely, when the base line is below the signal line, the trend is downward. Make sure to place WilliamBlau.mqh in your terminal_data_folder/MQL5/Include/ directory. Place Blau_Ergodic.mq5 in your terminal_data_folder/MQL5/Indicators/ directory. Calculation: The Ergodic Oscillator is calculated using the following formulas: Ergodic(price,q,r,s,u) = TSI(price,q,r,s,u) SignalLine(price,q,r,s,u,ul) = EMA(Ergodic(price,q,r,s,u),ul) Where: Ergodic() - Base line: True Strength Index TSI(price,q,r,s,u); SignalLine() - Signal line: Exponentially smoothed moving average with period ul, applied to Ergodic; ul - Averaging period of the signal line (according to William Blau, it should equal the last averaging period of the Ergodic line, which must be greater than 1). For example, if Ergodic(price,q,r,s,u)=Ergodic(price,2,20,5,1), then ul=s=5. Input Parameters: Graphic Plot #0 - Ergodic (True Strength Index): q - Momentum averaging period (default q=2); r - Period of the 1st EMA applied to Momentum (default r=20); s - Period of the 2nd EMA applied to the result of the first smoothing (default s=5); u - Period of the 3rd EMA applied to the result of the second smoothing (default u=3); Graphic Plot #1 - Signal Line: ul - Smoothing period of the signal line applied to the base line (default ul=3); AppliedPrice - Price type (default AppliedPrice=PRICE_CLOSE). Note: q>0; r>0, s>0, u>0. If r, s, or u =1, smoothing is not used; ul>0. If ul=1, the signal and base lines are identical; Minimum rates = (q-1+r+s+u+ul-4+1).

2011.06.20

MetaTrader4

Unlocking the Smoothed RSI Inverse Fisher Transform for MT4 Trading

Hey there, fellow traders! Today, I want to dive into an interesting indicator that many have found useful in their trading toolkit: the Smoothed RSI Inverse Fisher Transform, originally introduced by Sylvain Vervoort back in the October 2010 issue of Stocks & Commodities magazine. This article even snagged the Reader's Choice award in 2011! The magic of this indicator lies in its approach. It starts with smoothing the price curve using a “rainbow” weighted moving average. This smoothed price is then utilized to calculate the RSI, which is further refined by the Vervoort zero-lag exponential moving average. Finally, we apply an inverse Fisher filter to transform the resulting curve. If you're interested in utilizing this indicator, there are codes available for various trading platforms. For those of you using MT4, I’ve attached my MQL4 version below. And just a quick update from June 24, 2011: I’ve fixed the refresh issue when the Max Bars on Chart is reached. So, you can trade smoothly without any hiccups! Happy trading, and may your charts be ever in your favor!

2011.06.20

MetaTrader4

Mastering the madnessMA Indicator for MetaTrader 4

Hey fellow traders! Today, let's dive into the madnessMA indicator designed for MetaTrader 4. This handy tool calculates the correlation between moving averages (MAs) of different periods, giving you insights that can sharpen your trading strategy. Understanding the Lines Here’s a quick rundown of what the various lines and dots represent: Black/Red dots - Indicate Open/Close signals. If the dots appear above the chart, it’s a BUY signal; if they’re below, it’s a SELL signal. Silver Line - Reflects trend correlation. A value of 100 means all MAs are in an upward trend, while -100 indicates all MAs are in a downward trend. Blue Line - Shows Sort Degree. A value of 100 signifies all MAs are ascending, and -100 means all are descending. Blue Dashed Line - Represents a rough Sort Degree comparing MAcheck, Higher MAs, and Lower MAs. A value of 100 indicates that all Higher MAs are above MAcheck and all Lower MAs are below it. Conversely, -100 suggests a mixed situation where Higher MAs are less than MAcheck, which is in turn less than Lower MAs, indicating no clear order. Parameters Overview The parameters are pretty self-explanatory. Here’s a glimpse: //---- input parameters extern string ________________01="List of MAs, eg from Fibonacci: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597"; extern string listMA="1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233"; extern string ________________02="MA to check SORT DEGREE"; extern int MAcheck=8; extern string ________________10="MA sort type"; extern int MAmethod = 1; // iMA moving average method: // 0 Simple moving average, // 1 Exponential moving average, // 2 Smoothed moving average, // 3 Linear weighted moving average. Visual Representation With the madnessMA indicator in your toolkit, you can enhance your trading decisions and stay ahead of the game. Happy trading!

2011.06.20

MetaTrader5

Unlocking the True Strength Index (TSI) for MetaTrader 5: A Trader's Guide

Author: Andrey N. Bolkonsky Welcome to the world of the True Strength Index (TSI) indicator, a powerful tool developed by William Blau. For those looking to enhance their trading strategies, this indicator can be a game changer. You can dive deeper into Blau's insights in his book, Momentum, Direction, and Divergence. What is the True Strength Index? The TSI is a smoothed momentum indicator that provides a normalized view of market sentiment, ranging from -100 to +100. Positive TSI values indicate an overbought market, while negative values suggest oversold conditions. This can help traders identify potential entry and exit points. Here’s how to get started with the TSI: Make sure to place the WilliamBlau.mqh file in your terminal_data_folderMQL5\Include\ Put the Blau_TSI.mq5 file in your terminal_data_folderMQL5\Indicators\ Input Parameters: q - Momentum smoothing period (default is q=2); r - period for the 1st EMA applied to Momentum (default is r=20); s - period for the 2nd EMA applied to the result of the first smoothing (default is s=5); u - period for the 3rd EMA applied to the result of the second smoothing (default is u=3); AppliedPrice - price type (default is AppliedPrice=PRICE_CLOSE). Important Notes: q>0; r>0, s>0, u>0. If r, s, or u = 1, no smoothing is applied; Minimum rates = (q-1+r+s+u-3+1).

2011.06.18

MetaTrader4

Mastering Trendline Alerts in MetaTrader 4: A Trader's Guide

Description: Are you looking for a way to stay ahead of the game in your trading? The Trendline Price Alert indicator for MetaTrader 4 is your go-to tool. This handy indicator draws two adjustable trendlines directly onto your chart. These trendlines serve as your upper and lower alert levels. Whenever the mid-price crosses either of these lines, you’ll receive a warning alert, helping you make timely trading decisions. How to Set It Up: First off, pick the currency pair you want to trade and open it in a chart window with the timeframe of your choice. Next, load the Price Alert Indicator and customize the colors of your trendlines to suit your style. Position the trendlines where you want to be alerted if the mid-price reaches those levels. This way, you’ll never miss a potential trading opportunity! And hey, don't forget to turn up your speakers for those alerts! Stay Alert: Set your levels wisely to catch the right moves. Customize: Make it your own with colors that pop! Be Ready: Always have your sound on for the alerts.

2011.06.17

MetaTrader4

Enhance Your MetaTrader 4 Experience with the Symbol Watermark Indicator

Description: The Symbol Watermark Indicator is a handy tool that displays the current timeframe and symbol name prominently on your chart background. It's a real lifesaver when you're juggling multiple charts with different symbols, ensuring you always know what you're looking at. Instructions: To get started, select the symbol you want to monitor and open it in a chart window at your desired timeframe. Once that's set, load the Watermark Indicator. You can customize it by choosing the font, size, color, and position to suit your style. Want to add a personal touch? You can also include custom text, like your website link or email address, in the designated tag field. Easy to customize for your trading needs Helps keep track of multiple charts effortlessly Perfect for both beginner and experienced traders

2011.06.17

MetaTrader5

Mastering Momentum Trading with the Blau_Mtm Indicator for MetaTrader 5

Author: Andrey N. Bolkonsky If you’re looking to spice up your trading strategy, let me introduce you to the Blau_Mtm Indicator, a powerful tool inspired by the work of William Blau. Check out his book, Momentum, Direction, and Divergence, which dives deep into momentum indicators for technical analysis. Unlike the standard iMomentum indicator that you might be familiar with, the Blau_Mtm focuses on calculating the absolute price change and incorporates a smoothing technique to enhance your trading signals. How to Install: Place WilliamBlau.mqh in your terminal_data_folder\MQL5\Include\ Put Blau_Mtm.mq5 in your terminal_data_folder\MQL5\Indicators\

2011.06.17

MetaTrader4

Unlocking the BOBB Indicator for MetaTrader 4: Your Guide to Trading Breakouts

Description: Hey fellow traders! Today, I want to introduce you to an exciting tool for your trading arsenal: the BOBB indicator for MetaTrader 4. My goal was to create an indicator that highlights Bollinger Bands® breakouts while also showcasing the width of those bands. The first version (v1) includes a handy orange line that represents the band width. Here's how it works: when the blue line crosses above the zero line, it's a signal for a bullish breakout. Conversely, if the red line crosses the zero line to the upside, that indicates a bearish breakout. After getting some great signals from the crossover of these two lines, I decided to take it up a notch with a version 2 (v2). This iteration includes the difference between the two lines along with a moving average (MA). The orange line remains the same as in v1. The blue line now shows the difference between the two lines from v1. A crossing below the zero line signals a short position, while a crossing above indicates a long position. The red line represents the moving average. Once I completed the coding, I noticed that the blue line effectively displays the difference between price and the 20-period moving average. Despite this, it generates solid signals whether you're trading based on the zero line crossover or the moving average. Plus, there are some useful divergences to consider! Wishing you all successful trading!

2011.06.15

MetaTrader4

Mastering Channel Scalping on M1-M15: Your Go-To Indicator for MetaTrader 4

If you're into scalping, the Channel Scalper for M1-M15 is a game-changer for your trading strategy. This user-friendly indicator helps you spot trading opportunities with ease. The strategy is straightforward: sell when the price crosses above the red upper line and buy when it dips below the lower line. It’s that simple! Timeframe: Suitable for M1 and M15 charts. Trading Style: Ideal for scalpers looking for quick trades. Easy to Use: Clear signals for buying and selling. Whether you're a seasoned trader or just starting out, this indicator can help you make informed decisions in the fast-paced world of scalping.

2011.06.11

MetaTrader4

Unlock Trading Success with the Stalin Indicator for MetaTrader 4

Hey fellow traders! Today, let’s dive into a powerful tool that can give your trading strategy a real boost: the Stalin Indicator for MetaTrader 4. This nifty indicator generates Buy and Sell signals based on the crossover of two Moving Averages (MA) with different periods. It’s like having a reliable partner guiding you through the market waves. Key Features of the Stalin Indicator: RSI Filter: The indicator includes a filter based on the Relative Strength Index (RSI), helping you recognize overbought or oversold conditions. Movement Confirmation: This feature confirms the market movement, giving you an extra layer of assurance before making your trades. Flat Movement Filter: It also detects flat market movements, helping you avoid trades during periods of low volatility. All checks are performed based on the first completed bar, ensuring that you’re making informed decisions. Incorporating the Stalin Indicator into your trading toolkit can enhance your strategy and help you navigate the markets more effectively. So, give it a whirl and let me know how it goes!

2011.06.09

MetaTrader5

Unlock Trading Success with the Stalin Indicator for MetaTrader 5

Are you looking to elevate your trading game? The Stalin Indicator for MetaTrader 5 might just be the tool you need. This powerful indicator generates Buy and Sell signals based on the crossover of two Moving Averages with varying periods. Let's dive into what makes it tick! Features of the Stalin Indicator RSI Filter: This indicator incorporates a filter based on the Relative Strength Index (RSI), helping you identify overbought or oversold conditions. Movement Confirmation: It includes a movement confirmation filter to ensure you're only acting on reliable signals. Flat Movement Filter: This feature helps you avoid trading during flat market periods, reducing the chances of false signals. The analysis is performed based on the first completed bar, ensuring you’re making informed decisions. Give the Stalin Indicator a shot and see how it can help you refine your trading strategy!

2011.06.08

MetaTrader4

Understanding the EES Velocity Indicator for MetaTrader 4

Description: The EES Velocity indicator is a game-changer for traders using MetaTrader 4. It measures price movement with the formula: Velocity = High - Low / Time. Here, time can be adjusted to minutes, hours, or days, although the default setting is seconds. Think of it like physics, where velocity is simply distance divided by time. This indicator offers a unique perspective on price action, as it factors in time—a feature that sets it apart from other tools like the Average True Range (ATR) or standard volatility indicators, which don’t take time into account. Image: Gain insights on market momentum. Adjust time settings for personalized analysis. Compare with traditional indicators for comprehensive trading strategies.

2011.06.07

MetaTrader4

Understanding Currency Pairs Correlation: A Must-Have Indicator for MetaTrader 4

Hey there, fellow traders! Today, we're diving into a handy tool that can really up your trading game: the Currency Pairs Correlation indicator for MetaTrader 4. This nifty indicator helps you visualize the average movement between any two correlated currency pairs on the same timeframe. For instance, if you’re looking at EUR/USD and USD/CHF, you’ll notice that the green histogram indicates an upward trend for the main currency pair (EUR/USD), while the red histogram shows a downward trend. It's a quick and easy way to gauge market sentiment! Input Parameters: ActiveLevel: This parameter helps cut off the flat movements in the market, ensuring you focus on the trends that matter. PassiveLevel: Similar to ActiveLevel, this one is also subject to optimization to fine-tune your trading strategy. So, if you want to enhance your trading strategy with insightful correlations, give this indicator a shot. It might just be the edge you’ve been looking for!

2011.06.07

MetaTrader4

Mastering MAcrosses: Your Go-To Indicator for MetaTrader 4

Welcome fellow traders! Today, we're diving into the world of MAcrosses, a nifty indicator designed for MetaTrader 4 that helps you analyze moving averages like a pro. What Does MAcrosses Do? This indicator counts the number of crosses off moving averages (MAs) and displays the percentage of all MAs that are above the slower ones. It’s a fantastic tool for gauging market trends. Here's how it works: If a moving average crosses above another, the indicator will rise. If it crosses below, the indicator will fall. When the indicator hits 100%, it means that every MA is above the higher-period MAs. Conversely, when it drops to 0%, every MA is below the higher-period MAs. This can give you a clear picture of market momentum. Setting Up Your MAcrosses Indicator You can customize the maximum MA and the step size between the MAs to suit your trading style: Max MA: This is the maximum moving average you want to consider. MAs Step: This is the gap between the MAs, and a good rule of thumb is to set it at Max MA/10. MA on MAs Crosses: This is the moving average calculated on the main line of MAcrosses. MA Method: Choose your preferred moving average calculation method. Applied to Price: Decide which price data you want the MAs to be based on. Alert: Enable this option to receive alerts when the alert lines cross. Alert Line: You can set this to either Crosses (the main line) or Average (the MA on MAs crosses line). Alert Up Level: This is the level at which you want to receive alerts. Alert Down Level: This is the opposite, indicating the level below which you want alerts. With high values, MAcrosses can be used as a trend indicator, helping you identify strong market movements. On the flip side, with low values, it can serve as an oscillator indicator, providing insights into potential reversals. So, whether you’re looking to ride the trend or catch a reversal, MAcrosses is a versatile tool that can enhance your trading strategy. Happy trading!

2011.06.03