floating

Smoothed WPR with floating levels and on chart support / resistance levels – indicator MetaTrader 5

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Smoothed WPR with floating levels and on chart support / resistance levels - indicator for MetaTrader 5
Theory : The way how this WPR is smoothed is described here : Smoothed WPR In order to enable simpler usage of that indicator, this version is adding floating levels. You can use, depending on those floating levels, 3 modes of color changes color change on outer levels cross color change on middle (sort of … Read more

Smoother momentum MACD with floating levels – indicator MetaTrader 5

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Smoother momentum MACD with floating levels - indicator for MetaTrader 5
This is an extended version of smoother momentum MACD (originally published here : Smoother Momentum MACD) It has been added floating levels and , accordingly 4 types of color changes : color change on outer levels cross color change on middle level cross color change on slope change color change on zero level cross Usage … Read more

McClellan Summation Index – smoother with floating levels – indicator MetaTrader 5

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McClellan Summation Index - smoother with floating levels - indicator for MetaTrader 5
Theory : McClellan summation index, as is (originally published here : McClellan Summation Index – Smoother) is a bit difficult to use due to lack of obvious signals. But, unlike the McClellan oscillator, the summation index does not necessarily oscillate around the zero value. This version is adding floating levels to it in order to … Read more

McClellan Oscillator – smoother with floating levels – indicator MetaTrader 5

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McClellan Oscillator - smoother with floating levels - indicator for MetaTrader 5
Theory : One version of McClellan oscillator that does not use the slope change, but some levels (discontinued signal lines in this case) was published here : McClellan Oscillator Smoother with DSL . This version is using floating levels (as more flexible and that do not dpened on any fixed value of the indicator) instead … Read more

Chande’s DMI – std adaptive with floating levels – indicator MetaTrader 5

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Chande's DMI - std adaptive with floating levels - indicator for MetaTrader 5
Theory : Original definition of the Tushar Chande’s and Stanley Kroll’s DMI is the following : The dynamic momentum index is used in technical analysis to determine if a security is overbought or oversold. This indicator, developed by Tushar Chande and Stanley Kroll, is very similar to the relative strength index (RSI). The main difference … Read more

Corrected volatility ratio adaptive double smoothed Wilders EMA with floating levels – indicator MetaTrader 5

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Corrected volatility ratio adaptive double smoothed Wilders EMA with floating levels - indicator for MetaTrader 5
Theory : The original double smoothed Wilder’s EMA was published here : Double Smoothed Wilder’s EMA. This version is extending it by adding volatility ratio adapting mode and is also adding the “correcting” method invented by dr. Alexander Uhl as well as floating levels that can be used for signals Usage : It can be … Read more

Double smoothed EMA – floating levels – indicator MetaTrader 5

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Double smoothed EMA - floating levels - indicator for MetaTrader 5
Theory : Detailed description of the double smoothed EMA was posted here : Double Smoothed EMA. This version is upgrading that code and is floating levels to it. In the options for floating levels you can chose coloring based on : outer levels cross (default) middle level cross based on slope change Usage : You … Read more

Double smoothed EMA – floating levels (multi time frame) – indicator MetaTrader 5

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Double smoothed EMA - floating levels (multi time frame) - indicator for MetaTrader 5
Theory : Detailed description of the double smoothed EMA was posted here : Double Smoothed EMA. This version is upgrading that code and is  adding multi time frame options. Multi time frames are having, apart from all the standard multi time frames that can be used in metatrader 5, 3 additional “time frames” : first … Read more

CCI – double smoothed Wilder’s EMA filtered with floating levels – indicator MetaTrader 5

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CCI - double smoothed Wilder's EMA filtered with floating levels - indicator for MetaTrader 5
Theory : This CCI (Commodities Channel Index) indicator deviates from “regular” CCI in two main points : it is using standard deviations for calculations (instead of using mean absolute deviation) it is allowing us to use double smoothed Wilder’s EMA for price filtering (and that way it filters out some false signals) Also, in order … Read more