Slope

Rsi slope divergence – indicator MetaTrader 5

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Rsi slope divergence - indicator for MetaTrader 5
Theory : People are using divergence in many way. Most of the methods are actually arbitrary (since the “extremes” are easily determined visually, while they are not as easily determined mathematically) and, when extremes mode is used, there must be some passed (closed) bars for confirmation of an extreme to use it for divergence checking … Read more

MACD slope divergence – indicator MetaTrader 5

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MACD slope divergence - indicator for MetaTrader 5
Theory : The idea for this type of divergence checking was explained here : RSI Slope Divergence . More information can be found at the original post This indicator : It is using the linear regression channel on MACD in this case. Even though the MACD tends to “mimic” the price changes better than some … Read more

RSI slope divergence – multi time frame version – indicator MetaTrader 5

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RSI slope divergence - multi time frame version - indicator for MetaTrader 5
Theory : The original was posted here : RSI Slope Divergence. This version is extended in a couple of things : possible channels background color is added. to avoid drawing channel back color, simply set the color to none (see second example) multi time frame support added. apart from the standard time frames supported by … Read more

MACD slope divergence – multi time frame version – indicator MetaTrader 5

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MACD slope divergence - multi time frame version - indicator for MetaTrader 5
Theory : The original was posted here : MACD Slope Divergence. This version is extended in a couple of things : possible channels background color is added. to avoid drawing channel back color, simply set the color to none (see second example) multi time frame support added. apart from the standard time frames supported by … Read more

TRiX slope divergence – indicator MetaTrader 5

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TRiX slope divergence - indicator for MetaTrader 5
Theory: Developed by Jack Hutson in the early 1980s, the Triple Exponential Average (TRiX) is a momentum indicator used by technical traders that shows the percentage change in a triple exponentially smoothed moving average. It is highly responsive to price changes and that makes it hard to be used in a “classical” way to detect … Read more

Ocean theory – natural market slope – indicator MetaTrader 5

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Ocean theory - natural market slope - indicator for MetaTrader 5
Theory : Ocean series of indicators were originally created by Jim Sloman (the theory) and Pat Raffalovich (the coder) – additional information can be obtained in Jim Sloman’s book  Natural market slope is an indicator that combines : Natural market slope period linear regression slopes (weighted by appropriate coefficients) into a single “market slope” Prices … Read more