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Re: Range and Renko Indicators for MT4

bilbao, Fri May 26, 2017 5:20 am

The technical indicator MT4 Adaptive Renko traces a trend channel with a calculation algorithm based on the logic of Renko bricks and the ATR Average True Range.

The theory of indicators with adaptive filters was developed by John F. Ehlers in the books "Rocket Science for Traders" and "Cybernetic Analysis for Stock and Futures".

The adaptive indicators using the Hilbert transform to convert an analytic signal into a complex signal composed of two elements.

The Hilbert transform of a function of the real variable is a linear transformation which allows to extend a real signal in the complex domain, so that it satisfies the Cauchy-Riemann equations.

The Adaptive Indicators have an algorithm to determine a dynamic variable period by isolating the market cycles instead of a fixed period for the calculation of the indicator.
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