RSI candles - lite ressource - indicator for MetaTrader 5

RSI candles - lite ressource - indicator for MetaTrader 5

Quoted from Mladen Rakic Combination of 4 RSI values (RSI of High, Low, Open and Close) displayed as candles. This implementation use less ressource and standard iRSI MT5 function to calculate the RSI value. Can be used in any timeframe with any fx pair.
Smoothed CCI - indicator for MetaTrader 5

Smoothed CCI - indicator for MetaTrader 5

Original CCI (Commodity Channel Index) is calculated using what is known as mean absolute deviation. This version is using standard deviation instead. Also, in order to make it less "nervous" (which is probably one of the greatest reasons why CCI is not more popular than it is now), pre-smoothing using double smoothed Wilders EMA added and signals are generated on zero crosses PS: it is one in the "need-for-speed" series - suitable for usage
Variance - indicator for MetaTrader 5

Variance - indicator for MetaTrader 5

The standard deviation is a measure of how much a dataset differs from its mean; it tells us how dispersed the data are. A dataset that’s pretty much clumped around a single point would have a small standard deviation, while a dataset that’s all over the map would have a large standard deviation. Given a sample the standard deviation is defined as the square root of the variance Here you can find a Welford’s method for computing (single pass
Vortex 2 - indicator for MetaTrader 5

Vortex 2 - indicator for MetaTrader 5

Since it seems that we can not rely only on the brute force of metatrader 5, from time to time we need to revisit the code and optimize it - for speed mainly. One example of that is vortex indicator (originally published here : Vortex along with detailed description. This version is, regardless that the code is not simpler, significantly faster. Hence, it is more suitable to be used from any iCustom() calls
Simple moving average - indicator for MetaTrader 5

Simple moving average - indicator for MetaTrader 5

Back to the basics : One might ask : "Why do we need the simple moving average when it is published already"? There are multiple reasons : existing sma calculations tend to have one of two issues (or both in some cases) : when you increase the calculating period, they are slowing down - due to constant repeated usage of loops if they do not use loops all the time, the, sometimes, the apply a "shortcut" that is simply an approximation when the
Linear Weighted Moving Average - indicator for MetaTrader 5

Linear Weighted Moving Average - indicator for MetaTrader 5

One more in the "back to the basics" series : Linear Weighted Moving Average is one more that is usually calculated using loops and that makes it slower as the calculating period gets longer. This version is solving that and that makes it suitable for usage via iCustom() calls
Exponential moving average - indicator for MetaTrader 5

Exponential moving average - indicator for MetaTrader 5

In the "back to basic" again : Even though EMA is fairly simple and the code execution time should not vary a lot from one version to another (EMA does not have loops within the loops), it seems that we are still lacking some easy to reuse code that is fast in execution also. This version fills that a bit PS: using the alternative mode of OnCalculate() - this mode : int  OnCalculate(    const
Pan PrizMA Sin leverage 72 - indicator for MetaTrader 5

Pan PrizMA Sin leverage 72 - indicator for MetaTrader 5

The indicator builds a sliding line based on interpolation by a polynomial of 4 degrees. The constructed line is extrapolated as a section of a given function by a sinusoid and its axial near the constant line_power = 2, or near the inclined straight line_power = 3 (redrawn to visualize the plot). From the built sinusoids and axial one value is removed on each bar and a line of extrapolated values is built, which does
Hull moving average - indicator for MetaTrader 5

Hull moving average - indicator for MetaTrader 5

Basics (description by All Hull) By Alan Hull Back in 2005 when I was working on a new indicator I was temporarily sidetracked by trying to solve the problem of lag in moving averages, the outcome of which was the Hull Moving Average. Since then the HMA has found its way into charting programs around the world and is regularly discussed on traders bulletin boards in different languages around the world. It was
XO - indicator for MetaTrader 5

XO - indicator for MetaTrader 5

Vary well known XO indicator seems to be missing in a simple form for metatrader 5. Here is a version that is simple to use and fairly fast in execution



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