Wave period oscillator - indicator for MetaTrader 5

Wave period oscillator - indicator for MetaTrader 5

Theory : The indicator is based on Akram El Sherbinis article "Time Cycle Oscillators" published in IFTA journal 2018. The WPO is a short-term oscillator that measures the buying and selling period of price cycles over a certain time interval. The leading oscillator indicates a rise in buying period when it moves above the zero line and a rise in selling period when it moves below the zero line Usage : Trading Tactics Centerline Crossover: As
Simple harmonic index - indicator for MetaTrader 5

Simple harmonic index - indicator for MetaTrader 5

Theory : The indicator is based on Akram El Sherbinis article "Time Cycle Oscillators" published in IFTA journal 2018. The simple harmonic index (SHI) is based on the derivations of the simple harmonic equation Usage : The trading tactic used for the simple harmonic index is merely the centerline crossover. A buy signal is generated when the SHI line moves above the zero level to turn positive. The period of the bull cycle rises, leading to an
Simple harmonic oscillator - indicator for MetaTrader 5

Simple harmonic oscillator - indicator for MetaTrader 5

Theory : The indicator is based on Akram El Sherbinis article "Time Cycle Oscillators" published in IFTA journal 2018. The SHO is a bounded oscillator for the simple harmonic index that calculates the period of the market’s cycle. The oscillator is used for short and intermediate terms and moves within a range of -100 to 100 percent. The SHO has overbought and oversold levels at +40 and -40, respectively. At extreme periods, the oscillator may
Bollinger bands extended - indicator for MetaTrader 5

Bollinger bands extended - indicator for MetaTrader 5

Theory : Bollinger bands are calculated as : A Bollinger Band® is a technical analysis tool defined by a set of lines plotted two standard deviations (positively and negatively) away from a simple moving average (SMA) of the securitys price, but can be adjusted to user preferences. Bollinger Bands® were developed and copyrighted by famous technical trader John Bollinger, The part that is using standard deviations is a part that can be
Bollinger bands breakout - indicator for MetaTrader 5

Bollinger bands breakout - indicator for MetaTrader 5

Theory : The idea is simple : the indicator shows when the close price closes above the upper Bollinger band or bellow the lower Bollinger ban. Some are using those as signals for reversal, some are using it as signals for trend . If you are using it for reversal use bands deviation that are slightly higher than when using it for trend start Usage : You can use arrows as signals
CCI - double smoothed Wilder's EMA filtered - indicator for MetaTrader 5

CCI - double smoothed Wilder's EMA filtered - indicator for MetaTrader 5

Theory : This CCI (Commodities Channel Index) indicator deviates from "regular" CCI in two main points : it is using standard deviations for calculations (instead of using mean absolute deviation) it is allowing us to use double smoothed Wilders EMA for price filtering (and that way it filters out some false signals) Usage : You can use it as any regular CCI
CCI - double smoothed Wilder's EMA filtered with floating levels - indicator for MetaTrader 5

CCI - double smoothed Wilder's EMA filtered with floating levels - indicator for MetaTrader 5

Theory : This CCI (Commodities Channel Index) indicator deviates from "regular" CCI in two main points : it is using standard deviations for calculations (instead of using mean absolute deviation) it is allowing us to use double smoothed Wilders EMA for price filtering (and that way it filters out some false signals) Also, in order to help finding out trends, floating levels are added to the indicator. You can use 3 coloring modes : color change
Engulfing Stochastic - indicator for MetaTrader 5

Engulfing Stochastic - indicator for MetaTrader 5

We have all seen a currency pair enter the overbought or oversold territory and stay there for long periods of time. What this indicator does is gives you the emphasis. So if you are looking for reversals then you may want to take notice when oversold territory is entered into with a bullish engulfing candle or if the trend is your thing then check for bearish engulfing candles while entering oversold. This indicator will show a downward arrow
T3 veocity tape - indicator for MetaTrader 5

T3 veocity tape - indicator for MetaTrader 5

Theory : Velocity is a smoother version of momentum. This one extends it a bot more : it is even smoother since it uses T3 for velocity calculation it is displaying the velocity as a "tape" it is adding heiken ashi prices to a set of available prices Usage : You can use it as any regular momentum type indicator
Simple intraday support resistance - indicator for MetaTrader 5

Simple intraday support resistance - indicator for MetaTrader 5

Theory : As simple as it gets : no parameters. It is made to work on time frame that are less than daily time frames and is showing an estimated intraday support resistance Usage : Like any support/resistance indicator