Sell Relative Strengt Index - indicator for MetaTrader 5

Sell Relative Strengt Index - indicator for MetaTrader 5

Sell Relative Strength Index (SRSI or “sell gravitation index”) by Howard Wand as featured in the February 2019 issue of TASC magazine. “Traders accumulate profits trade by trade, with the goal of maximizing profits. But selloffs happen and when they do, you see significant price drops that are fast. Here’s an indicator that uses the profit accumulation size to estimate subsequent selloff size. Green lines represent buy, red represents sell and
Change SL/TP on chart drop off - script for MetaTrader 5

Change SL/TP on chart drop off - script for MetaTrader 5

This script will change the SL and TP of all open trades of the symbol to the price where the script is dropped off.
Squeeze - indicator for MetaTrader 5

Squeeze - indicator for MetaTrader 5

Theory : There are different ways how traders are trying to determine if the market is trending or consolidating. One of the methods used is to compare standard deviation to average true range. when standard deviation value is greater than average true range, then the market is supposed to be trending when standard deviation value is less than average true range, then the market is supposed to be consolidating (ranging) This indicator is doing
Squeeze - on chart - indicator for MetaTrader 5

Squeeze - on chart - indicator for MetaTrader 5

Squeeze indicator (originally published here : Squeeze) made to display colored candles or bars (depending on the type of display you are using for your chart) on the main chart
Bollinger bands - squeeze - indicator for MetaTrader 5

Bollinger bands - squeeze - indicator for MetaTrader 5

Theory : The "squeeze" method (indicator doing that was posted here : Squeeze )is usually (due to the nature of calculation - since it uses standard deviations as a part of calculation) associated with Bollinger bands indicator. This indicator is doing that : combining the Bollinger bands and the "squeeze" into one indicator Usage : Check if the middle Bollinger bands value has a color or not. If it does not have a color (it is gay), according
RSI Summed - indicator for MetaTrader 5

RSI Summed - indicator for MetaTrader 5

Theory : The theory of this indicator is simple : It takes nnn RSI values specified by periods parameter and checks if all the nnn rsi values are above or bellow the required value. If they are above, it shows it as state up, if all are bellow the desired low level, it shows it as state down, otherwise it shows it as neutral state. One may argue that that state can be obtained by checking the slowest rsi only, but in some cases it is not so (it
Normalized MACD - of averages - indicator for MetaTrader 5

Normalized MACD - of averages - indicator for MetaTrader 5

Theory : MACD is, by definition calculated as a difference of fast and slow EMA (Exponential Moving Average). This versions allows you to : use one of the 4 basic types of averages for calculation : simple moving average exponential moving average smoothed moving average linear weighted moving average it is normalizing those macd values to -1 to +1 range Usage : You cans use color changes as signals
Adaptive moving average - double smoothed - indicator for MetaTrader 5

Adaptive moving average - double smoothed - indicator for MetaTrader 5

Theory : In “Adaptive Moving Averages” in this issue, author Vitali Apirine introduces an adaptive moving average (AMA) technique based on Perry Kaufman’s KAMA (Kaufman adaptive moving average). His update to the original KAMA allows the new method to account for the location of the close relative to the high–low range. The author describes a trading system that combines the AMA and KAMA, suggesting that the combination may reduce the number of
Intra-day ATR - indicator for MetaTrader 5

Intra-day ATR - indicator for MetaTrader 5

Theory : This is an ATR (Average True Range) that resets itself on the start of a new period. New periods are : daily (for all time frames less than daily weekly for daily time frame chart monthly for weekly time frame chart Usage : It can be used as any regular ATR
Intra-day Keltner channel - indicator for MetaTrader 5

Intra-day Keltner channel - indicator for MetaTrader 5

Theory : Keltner channel is calculated as SMA (Simple Moving Average) + ATR(Average True Range)*multiplier. This version is using the intra-day ATR instead (published, with additional explanation here : Intra-day ATR) Usage : It can be used the same way as "regular" Keltner channel