Normalized

Normalized RSI JMA Smoothed – indicator MetaTrader 5

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Normalized RSI JMA Smoothed - indicator for MetaTrader 5
Normalized RSI tends to be “nervous” (the direction of the RSI itself, and of the normalized RSI as a result is changing sometimes erratically). This version is adding JMA smoothing to it in order to make that volatility lesser and to attempt to make the slope of the RSI more usable without adding significant lag. … Read more

Rsi of average – with normalized zones – indicator MetaTrader 5

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Rsi of average - with normalized zones - indicator for MetaTrader 5
RSI of average is normally used when we want the extremes of the RSI reasonably predictable and when we want to filter out some of the erratic signals that sometimes can happen with the regular RSI. This version is adding one more small tool to help to assess the possible exhaustion of the trend : … Read more

Stochastic – with normalized zones – indicator MetaTrader 5

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Stochastic - with normalized zones - indicator for MetaTrader 5
Stochastic indicator is usually used in a combination with a signal line This one is using “normalized zones” instead in order to determine the trend and the “strength” of the remaining trend change. Some experimenting with parameters (especially with the normalization period) is recommended prior to using it in live trading Stochastic – with normalized … Read more

Normalized smoothed MACD – indicator MetaTrader 5

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Normalized smoothed MACD - indicator for MetaTrader 5
Theory: MACD, short for moving average convergence/divergence, is a trading indicator used in technical analysis, created by Gerald Appel in the late 1970s. It is supposed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock’s price. The MACD indicator (or “oscillator”) is a collection of three time series … Read more

Extended normalized RSI – indicator MetaTrader 5

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Extended normalized RSI - indicator for MetaTrader 5
Theory : Reasons for applying min/max normalization on RSI were explained here : Normalized RSI . This version is adding some options that can help using the indicator for trading decisions : multiple choice of color changes (on outer levels cross, on level 50 cross or on slope change) and some visual aids that can … Read more

Extended normalized RSI – on chart version – indicator MetaTrader 5

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Extended normalized RSI - on chart version - indicator for MetaTrader 5
Theory : Reasons for applying min/max normalization on RSI were explained here : Normalized RSI . This version is adding some options that can help using the indicator for trading decisions : multiple choice of color changes (on outer levels cross, on level 50 cross or on slope change) and some visual aids that can … Read more

Zero mean normalized nonlinear Kalman filter – indicator MetaTrader 5

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Zero mean normalized nonlinear Kalman filter - indicator for MetaTrader 5
Theory : Often we have a need of normalizing some values into known bounds in order to use them in the “oscillator” mode (when we can have a sort of a clear state for a “trend”). One of the possible ways to do that is by using the zero mean method. This version of nonlinear … Read more