Index

Trend Strength Index – indicator MetaTrader 4

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Trend Strength Index - indicator for MetaTrader 4
The Trend Strength Index indicator measures strength of current trend. Basically it is similiar to a simplified auto regression indicator, because Correlation function calculates the Pearson correlation coefficient between two sets of data: the closing prices and the bar indices over a specified length. This coefficient ranges from -1 to 1, indicating the strength and direction … Read more

MTF Relative Strength Index – indicator MetaTrader 4

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MTF Relative Strength Index - indicator for MetaTrader 4
MTF Relative Strength Index is a MetaTrader indicator based on well known RSI. Relative Strength Index is a financial technical analysis momentum oscillator measuring the velocity and magnitude of directional price movement by comparing upward and downward close-to-close movements. The RSI was developed by J. Welles Wilder and published in Commodities magazine in June 1978. … Read more

Fractal Dimension Index. + Step EMA – indicator MetaTrader 4

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Fractal Dimension Index. + Step EMA - indicator for MetaTrader 4
Step_Ema_LK.mq4: This is a hybrid step / ema filter I wrote a while ago. Exchanging some lag/price for lag/time then prices moves a lot. LK_FDI_V2.mq4: Is my version of a Fractal Dimension Index. Following more or less the same principles as FGDI.mq4 posted elsewhere in the codebase. (There is some small differences, especial when dealing … Read more

DXY Dollar Index – indicator MetaTrader 4

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DXY Dollar Index - indicator for MetaTrader 4
Author: andydoc This indicator calculates and displays the Dollar Index and 2 definable moving averages. In order for it to work, the broker must provide prices for all the reference pairs, i.e. EURUSD, USDJPY, GBPUSD, USDCAD, USDSEK, USDCHF. The Dollar Index is well described here: ICE Dollar Index The indicator against 2 pairs, reading exactly … Read more

Average Directional Movement Index (ADX) – indicator MetaTrader 5

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Average Directional Movement Index (ADX) - indicator for MetaTrader 5
Average Directional Movement Index technical indicator (ADX) helps to determine the market trend. It was developed and described in detail by Welles Wilder in his book “New concepts in technical trading systems”. The simplest trading method based on the system of directional movement implies comparison of two direction indicators: the 14-period +DI one and the … Read more

Average Directional Movement Index Wilder – indicator MetaTrader 5

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Average Directional Movement Index Wilder - indicator for MetaTrader 5
Average Directional Movement Index Wilder (ADX Wilder) helps to determine if there is a market trend. This technical indicator is constructed as a strict correspondence with the algorithm described by Welles Wilder in his book “New concepts in technical trading systems”. Trading rules of this indicator are described in the Average Directional Movement Index. Calculation: … Read more

Accumulation Swing Index (ASI) – indicator MetaTrader 5

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Accumulation Swing Index (ASI) - indicator for MetaTrader 5
ASI was created by Welles Wilder as an ordinary fluctuations indicator that gets signals from previous maximums and minimums of price. Once, Wilder said: “Somewhere amidst the maze of Open, High, Low and Close prices is a phantom line that is the real market.” What helps us reveal this phantom line is the accumulation index. … Read more

Commodity Channel Index (CCI) – indicator MetaTrader 5

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Commodity Channel Index indicator
Commodity Channel Index technical indicator (CCI) measures the deviation of the commodity price from its average statistical price. High values of the index point out that the price is unusually high being compared with the average one, and low values show that the price is too low. In spite of its name, the Commodity Channel … Read more