Recursive

MTF RSI Smoothed (recursive) – indicator MetaTrader 5

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Indicator MTF RSI Smoothed
Recursive implementation of multi-timeframe smoothed RSI indicator. The values of the standard Relative Strength Index indicator are smoothed using Simple Moving Average (SMA). To disable smoothing set the value of Smoothed <= 1. The indicator uses the recursive call of itself for lower timeframes. This eliminates the need to create two indicators: the conventional and … Read more

Recursive (double) smoothed stochastic – indicator MetaTrader 5

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Recursive (double) smoothed stochastic - indicator for MetaTrader 5
Variation on the “double smoothed stochastic” theme. The name might be a bit misleading: it is not exactly the same in its calculation as the “double smoothed stochastic” (dss actually has 3 smoothing steps, this one really has 2 smoothing steps — so we might say that this is really double smoothed stochastic), and it … Read more

Recursive Median Oscillator – indicator MetaTrader 5

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Recursive Median Oscillator - indicator for MetaTrader 5
Theory : In “Recursive Median Filters” in March 2018 issue of TASC, author John Ehlers presents an approach for filtering out extreme price and volume data that can throw off typical averaging calculations. Ehlers goes on to present a novel oscillator using this technique, comparing its response to the well-known RSI. He notes that by … Read more

Recursive Median Oscillator – with floating levels – indicator MetaTrader 5

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Recursive Median Oscillator - with floating levels - indicator for MetaTrader 5
Theory : In “Recursive Median Filters” in March 2018 issue of TASC, author John Ehlers presents an approach for filtering out extreme price and volume data that can throw off typical averaging calculations. Ehlers goes on to present a novel oscillator using this technique, comparing its response to the well-known RSI. He notes that by … Read more

Recursive Moving Average – indicator MetaTrader 5

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Recursive Moving Average - indicator for MetaTrader 5
Recursive Moving Average calls itself a number of times in order to reach the appropriate smoothing. For  instance DEMA and TEMA indicators are recursive exponential moving averages.  The goal is to remove the loop limit while still running fast. In addition a trigger line provides the trading signal. Parameters define: regular period number of iterations: … Read more

Recursive Moving Average – indicator MetaTrader 4

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Recursive Moving Average - indicator for MetaTrader 4
Recursive Moving Average calls itself a number of times in order to reach the appropriate smoothing. For  instance DEMA and TEMA indicators are recursive exponential moving averages.  The goal is to remove the loop limit while still running fast. In addition a trigger line provides the trading signal. Parameters define: regular period number of iterations: … Read more