Random walk index – indicator MetaTrader 5

Random walk index - indicator for MetaTrader 5
General description : The random walk index was created by Michael Poulos in order to determine if a security’s current price action is exhibiting “random walk” or is the result of a statistically significant trend, higher or lower. The random walk index has two lines, a RWI High and RWI Low, which measure uptrend and downtrend strength. … Read more

williams percent direction index – EA MetaTrader 5

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This expert advisor opens trades , for buys, sell are inverse. when the williams percent rises and the average directional index di+ di- crosses down closes trades when money flow index closes above level. stochastic changes its direction downwards All inputs are variable, includes lots and SL TP. williams percent direction index – expert for … Read more

Mass Index – Indicador para MT4 – indicator MetaTrader 4

Mass Index - Indicador para MT4 - indicator for MetaTrader 4
El Mass Index es un indicador creado por Donald Dorsey, que emplea el rango entre el precio máximo y el precio mínimo para identificar cambios en las tendencias, usando la contracción y expansión de este rango (volatilidad del mercado). El Mass Index es un indicador de volatilidad que carece de sesgo direccional. Sin embargo, permite … Read more

Motion Smoothness Index – indicator MetaTrader 4

Motion Smoothness Index - indicator for MetaTrader 4
Motion Smoothness Index “Telling when market price is smooth or rough is not the easiest task, so here is a trend metric indicator that provides you with that information.” The indicator has in an approximate range of (0,1) with mean x¯ decaying for higher length’s, when the indicator is below 0.5 the market is smooth, … Read more

Force index volatility bands – indicator MetaTrader 4

Force index volatility bands - indicator for MetaTrader 4
Force index, originally developed by Alexander Elder is an indicator used to gauge the buying and selling strength of an asset. Formula:- Force index(1) = (current price – previous price) x current volume Force index(13) = EMA(13) of Force index(1) This version:- Although it is conventionally used as a zero line cross indicator but this tool … Read more