Smoothed Rate of Change indicator script. This indicator was originally developed by Fred G. Schutzman.
Recursive Median Oscillator indicator script. This indicator was originally developed by John F. Ehlers (Stocks & Commodities V. 36:03 (8–11): Recursive Median Filters).
Trend Continuation Factor indicator script. This indicator was originally developed by M.H. Pee (Stocks & Commodities V. 20:3 (58-64): Trend Continuation Factor).
The scope of this script is to measure momentum and strenght of EURO and DOLLAR using their indexes. Forza (line) above 0 means EURO is stonger than DOLLAR Momento (histogram) above 0 means EURO has a positive momentum against DOLLAR The added value to see MACD and RSI directly on EURUSD chart is that indexes consider also other pairs so their RSI and MACD has a...
The MACD indicator is very useful when thinking of it in terms of momentum and trend and not as a holy grail. There are many settings that can be used and I prefer to use the settings that reflect the 3/10 oscillator (Raschke). While you can simply input the numbers 3,10,16 into your standard MACD, the proper 3/10 uses simple averages.
Just added lines for bullish / bearish bias regions to the indicator from LazyBear
A port of the MT4 indicator of Mladen Rakic found at www.mql5.com which is based on Dynamic Zones that was originally published in Stocks & Commodities 1996 issue. Dynamic Zones is meant to be applied to oscillators to get dynamic overbought and oversold levels quantified using statistical methods.
This script helps trader identify volatility direction in order to classify each market move. It also provides good entry points.
Great tool to find market tops, bottoms, S/R's and reversals. Rsi has 2 customiseble overbought and oversold levels can show you extreme levels. Slow Stochastic 1 (25 period) shows small price swings Slow stochastic 2 (100 period) can show you a greater picture, are we reversing? Why do you need Leguerre, Murrey, Kaufman oscilator 3000 when you can have old and...