variation

Variation – indicator MetaTrader 5

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The Variation, ColorVariation and ColorJVariation indicators
Real author: LeMan This trend indicator shows the current trend direction and moments for closing of the opened position. There are 3 variants of the indicator: As a line (Variation.mq5); As a line with color depending on current trend (ColorVariation.mq5); As a line with additional JMA-smoothing for noise reduction (ColorJVariation.mq5). The ColorJVariation.mq5 uses the СJJMA … Read more

Variation Index – indicator MetaTrader 5

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Variation Index
Real author: Ilnur Variation Index shows if a trend or a flat movement is prevailing in the time series or random behaviour. Nowadays, the most popular representatives of the fractal time functions are the financial time series. The fractal structure of these series is well-known and aсcording to Mandelbrot is a “theoretical reformulation of a … Read more

CCI variation – indicator MetaTrader 5

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CCI variation - indicator for MetaTrader 5
Theory: The commodity channel index (CCI) is an oscillator originally introduced by Donald Lambert in 1980. It is calculated as: (price – average) / (0.015 * mean absolute deviation) This version: In this version we are adding (changing) the following: option to change the mean absolute deviation to: standard deviation ATR (average true range) option … Read more

EMA variation – indicator MetaTrader 5

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EMA variation - indicator for MetaTrader 5
Theory : Exponential moving average (EMA) is one of the most used ways of smoothing / filtering data. By its nature it is a first-order infinite impulse response filter that applies weighting factors which decrease exponentially. The weighting for each older data decreases exponentially, never reaching zero. Because of one characteristic that is less know … Read more

EMA variation ribbon – indicator MetaTrader 5

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EMA variation ribbon - indicator for MetaTrader 5
Theory : This “ribbon” indicator is using an EMA variation indicator that was originally published (with some more explanation) here : EMA variation This version : It is using the “speed” property of the ema variation indicator to construct a ribbon. That makes a sort of two indicators crosses, even without changing the calculating period. … Read more

TrendStrength EMA variation – indicator MetaTrader 5

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TrendStrength EMA variation - indicator for MetaTrader 5
“Trend strength” version of EMA variation (originally published here : EMA variation along with detailed explanation). In these cases trend strength is used more like a filter than anything else, but the original calculation is kept, and the logic is the original logic of the “trend strength” family of indicators Usage : You can use … Read more