Extended

Polychromatic Momentum – extended – indicator MetaTrader 5

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Polychromatic Momentum - extended - indicator for MetaTrader 5
Denis Meyers that invented Polychromatic Momentum, describes it as: Momentum is defined as the difference, or percent change, between the current bar and a bar some lookback period in the past. The major problem with using momentum based indicators is that the optimum lookback period seems to change over time creating losses with the current … Read more

BB MACD Extended – indicator MetaTrader 5

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BB MACD Extended - indicator for MetaTrader 5
BB MACD is a MACD (Moving Average Convergence Divergence) indicator variation with an addition of Bollinger Bands, which helps in detecting trend change points and measuring current trend’s strength. The indicator is separated into three parts: The “line” part which is the colored MACD value. The “channel” part which is the Bollinger Bands drawn that … Read more

Pivot Oscillator Extended – indicator MetaTrader 5

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Pivot Oscillator Extended - indicator for MetaTrader 5
Extended version of Pivot Oscillator. In addition to be able to calculate pivot points as oscillator, 4 ways of calculating pivot points were added: (Previous High + Previous Low + Previous Close)/3 (Previous High + Previous Low + Previous Close + Previous Close)/4 (Previous High + Previous Low + Previous Close + Open)/4 (Previous High … Read more

Range Action Verification Index – extended – indicator MetaTrader 5

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Range Action Verification Index - extended - indicator for MetaTrader 5
Original definition : The Chande’s Range Action Verification Index (RAVI) indicator was developed by Tushar Chande. As the ADX indicator, the RAVI is used to identify whether a market or security is trending. The RAVI indicator is calculated using moving averages of different lengths. The first one is a short moving average with a lookback … Read more

Laguerre RSi with Laguerre filter – extended – indicator MetaTrader 5

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Laguerre RSi with Laguerre filter - extended - indicator for MetaTrader 5
Description : The Laguerre RSI indicator is a highly advanced version of the standard RSI indicator. The Laguerre RSI indicator was created by John Ehlers and introduced in his book Cybernetic Analysis for Stocks and Futures. This version : This version is additionally using Laguerre filter (also created by John Ehlers) for signal line and … Read more

Stochastic extended – indicator MetaTrader 5

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Stochastic extended - indicator for MetaTrader 5
Basics: MetaTrader built-in stochastic allows us to chose only two “prices”: close/close low/high Obviously we are missing the rest of the usual price types in those choices. This version: In this version all the usual price types are added. Also, in order to help a bit spotting the signal line crosses, color of the stochastic … Read more

Center of Gravity – extended – indicator MetaTrader 5

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Center of Gravity - extended - indicator for MetaTrader 5
Theory: The original (to the letter as described) version of Center of Gravity was published here : Center of Gravity – Ehlers. But, as described there, the original lacks what we could use as “significant level(s)” (not even zero can be used on the original version). This version: In this version a correction in the … Read more

Stochastic extended – floating levels – indicator MetaTrader 5

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Stochastic extended - floating levels - indicator for MetaTrader 5
Theory : The built in stochastic allows the usage of only two price combinations. The “extended” version already included all the rest of the prices. This version is further extending the indicator : it is adding “floating levels”. This version : Instead of using some fixed levels as a criteria for over-bought and oversold, now … Read more