Wilders

Wilder’s Volaility System – indicator MetaTrader 4

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Wilder's Volaility System - indicator for MetaTrader 4
Wilder’s Volatility System Wilder’s Volatility System, developed by and named after Welles Wilder, is a volatility index made up of the ongoing calculated average, the True Range. The True Range is always positive and is defined as the highest difference in value among today’s daily high minus today’s daily low; today’s daily high minus yesterday’s … Read more

Wilders DMI – averages – indicator MetaTrader 5

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Wilders DMI - averages - indicator for MetaTrader 5
DMI OSCILLATOR Within the suite of indicators that make up Wilder’s directional movement index (DMI) are the plus directional movement indicator (+DI) and the minus directional movement indicator (-DI). They provide the foundation for the more widely recognized average directional index (ADX). Whereas the ADX offers information about the strength of price movement but not … Read more

Double smoothed Wilders EMA – indicator MetaTrader 5

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Double smoothed Wilders EMA - indicator for MetaTrader 5
Theory : Welles Wilder was frequently using one “special” case of EMA (Exponential Moving Average) that is due to that fact (that he used it) sometimes called Wilder’s EMA. The difference from EMA is the following : EMA formula = price today * K + EMA yesterday * (1-K) where K = 2 / (N+1) … Read more

RSI with double smoothed Wilders EMA – indicator MetaTrader 5

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RSI with double smoothed Wilders EMA - indicator for MetaTrader 5
Theory : In the original RSI calculation Welles Wilder is using the “Wilder EMA” (some explanation of it can be found here : Double Smoothed Wilder’s EMA). He never explained exactly why he was that EMA but we can guess that he was trying to reduce the number of signals for RSI (if he was … Read more

RSI of average using double smoothed Wilder’s EMA – indicator MetaTrader 5

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RSI of average using double smoothed Wilder's EMA - indicator for MetaTrader 5
Theory : The basic idea of this indicator is described here : RSI – double smoothed Wilder’s EMA .This version is extending it to what we all know for quite some time as Rsi(oma) (RSI of moving average). This version can use one of the usual averages instead of using “raw” price (the averages used … Read more

TRIX (using double smoothed Wilder’s EMA) – indicator MetaTrader 5

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TRIX (using double smoothed Wilder's EMA) - indicator for MetaTrader 5
Theory : TRIX (triple exponential average (TRIX) indicator is an oscillator used to identify oversold and overbought markets, and it can also be used as a momentum indicator.  It is using EMA for calculation This version : Is using the “Double smoothed Wilder’s EMA” variation instead of using “regular” EMA for TRIX calculation. That makes … Read more

TRIX using Wilder’s double smoothed EMA – floating levels – indicator MetaTrader 5

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TRIX using Wilder's double smoothed EMA - floating levels - indicator for MetaTrader 5
This is a variation of trix that is using Wilder’s double smoothed EMA and which has floating levels instead of fixed levels for signals. You can chose : color change on outer levels cross color change on middle (dynamic zero) level cross color change on slope change Usage : You can use color changes as … Read more

Corrected double smoothed Wilder’s EMA (extended version) – indicator MetaTrader 5

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Corrected double smoothed Wilder's EMA (extended version) - indicator for MetaTrader 5
Theory : This indicator is a “corrected” version (using dr. Alexander Uhl’s method for correcting an average) of Wilder’s double smoothed EMA Also it is adding floating levels to the indicator. That way you have 4 choices for color changes : change color when outer floating levels are crossed change color when middle floating level … Read more