Variable Index Dynamic Average (VIDYA) – indicator MetaTrader 5

Variable Index Dynamic Average Indicator
Variable Index Dynamic Average (VIDYA) technical indicator was developed by Tushar Chande. It is an original method of calculating the Exponential Moving Average (EMA) with the dynamically changing period of averaging. Period of averaging depends on the market volatility; as the measure of volatility Chande Momentum Oscillator (CMO) was chosen. This oscillator measures the ratio … Read more

Dynamic Auto Resistance Support – indicator MetaTrader 5

Dynamic resistance and support screenshot
This technical indicator detects constant price zones and draws resistance and support lines. It checks the market movement for any market and any time frame. If a bar is not abnormally large, the indicator checks back and searches for other bars within the same price zone. If enough candles are found, it draws lines on … Read more

Dynamic Zone RSI – indicator MetaTrader 4

Dynamic Zone RSI - indicator for MetaTrader 4
In classical literature, the relative strength index is described as the “price-following oscillator that ranges between 0 and 100, and signals the market sentiment to change the trend at high (close to 100%) or low (close to 0%) values of the RSI».Dynamic Zone RSI, with large smoothing. Dynamic Zone RSI Dynamic Zone RSI – indicator … Read more

Aroon oscillator – dynamic zones (levels) – indicator MetaTrader 5

Aroon oscillator - dynamic zones (levels) - indicator for MetaTrader 5
Aroon oscillator is usually not associated with to much flexibility. It is its nature. This version is breaking that. Instead of using fixed levels to find out trends / overbought / oversold conditions, this version is introducing dynamic levels in order to change that rigidness. Levels are calculated using quantile bands (some more information on … Read more

Chande’s DMI (Dynamic Momentum Index) – indicator MetaTrader 5

Chande's DMI (Dynamic Momentum Index) - indicator for MetaTrader 5
The Dynamic Momentum Index (DMI) is a variable term RSI. When default values are used, the RSI term varies from 3 to 30. The variable time period makes the RSI more responsive to short-term moves. The more volatile the price is, the shorter the time period is. It is interpreted in the same way as … Read more