Williams’ Percent Range (%R) – indicator MetaTrader 5

Williams’ Percent Range indicator
Williams’ Percent Range technical indicator (%R) is a dynamic technical indicator, which determines whether the market is overbought/oversold. Williams’ %R is very similar to Stochastic Oscillator. The only difference is that %R has an upside down scale and the Stochastic Oscillator has internal smoothing. To show the indicator in this upside down fashion, one places … Read more

Multi-Williams Percent Range trend indicator – indicator MetaTrader 5

VDirection
This is the modified version of Position in channel indicator. The indicator calculates the values, similar to “Williams Percent Range” for 5 different periods. The values are plotted as a histogram. The histogram forms different patterns at different stages of the trend. Input parameters: TMode – mode: 0 – fast, 1 – normal, 2 – … Read more

Candle shadow percent – indicator MetaTrader 5

Candle shadow percent
The indicator finds candlesticks with a minimum or maximum shadow size. Limitation on the size of the candlestick body. Inputs: The candlestick body parameter The minimum size of the candlestick body Parameters of the upper shadow true -> display candlesticks based on the upper shadow  The size of the upper shadow (as a percentage of … Read more

Candle shadow percent – EA MetaTrader 5

Candle shadow percent - expert for MetaTrader 5
The Expert Advisor is based on the indicator with the same name Candle shadow percent. Lot is calculated based on the risk value as a percentage of free margin. Attention: in this Expert Advisor, it is assumed that the Candle shadow percent indicator is located in the \Indicators\MyInd\Candels\ folder, which is clear from OnInit()    m_money.Percent(Risk); //— … Read more

Volatility Bands Percent – indicator MetaTrader 5

Volatility Bands Percent - indicator for MetaTrader 5
From May 2010 issue of Futures magazine: Fixing the Bollinger Bands by David Rooke. Popularized by John Bollinger, who gave them their name, Bollinger Bands are simply a plot of a multiple of the standard deviation of price from its Simple Moving Average (SMA), both above and below. By the use of standard deviation, we … Read more