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Re: MT5 Moving Averages (MAs)

by: Centaur
Kaufman's Adaptive Moving Average (KAMA) Developed by Perry Kaufman, Kaufman's Adaptive Moving Average (KAMA) is a moving average designed to account for market noise or volatility. KAMA will closely follow price when the price swings are relatively small and the noise is low. KAMA will adjust when...

No Nonsense Forex - Indicators

by: Centaur
For any good NNFX indicators, please use this Feed. Even if you don't code, any ideas or backtest results on indicators are welcome. Whereas far as possible, I will recode all indicators into MT5. As a noob , I see I've left a remark on someone else's topic LOL... Here is a repost of my first contri...

Re: No Nonsense Forex - Indicators

by: Centaur
Market Phase Indicator My little adaptation of Welles Wilder's ADX, Version 2. Version 1 used ADX - ADX[1] effectively rate of change to determine the positive or negative slope of the ADX line. Positive being trending, and negative or zero being ranging. The rate of change introduced a 1 bar lag, ...

Re: No Nonsense Forex - Indicators

by: Centaur
Volume Price Confirmation Indicator (VPCI) Developed by Buff Dormeier. The VPCI reveals the proportional imbalances between price trends and volume-adjusted price trends. An uptrend with increasing volume is a market characterized by greed supported by the fuel needed to grow. An uptrend without vo...

Re: No Nonsense Forex - Indicators

by: Centaur
William Blau's Ergodic True Strength Index (Ergodic TSI) The Ergodic TSI is a double smoothed true strength index with a signal line. It is intended to act like a stochastic indicator without the 'compression' often seen with stochastics at extremes. As a result, it helps to register long tren...

Re: No Nonsense Forex - Indicators

by: Centaur
@mhipolito thanks for the suggestions, will be posting some of them soon, but my concern with Jurik is the calculations behind it, it's probably the best kept secret of technical analysis. Each person posting something along the lines of Jurik has a different understanding of the filters utilized. M...

Re: No Nonsense Forex - Indicators

by: Centaur
Modified Explosion Indicator This indicator is based on Waddah Attar's original indicator. I only incorporated a dynamic dead zone line based on the ATR times a factor of 3.7. I've also included a smoothing of the trend histogram using linear regression to a period of 8 (period is not adjustable, d...

Re: No Nonsense Forex - Indicators

by: Centaur
Rahul Mohindar Oscillator (RMO) Rahul Mohindar Oscillator also known as RMO is a popular indicator to detect the market direction. It is popular among Metastock traders to trade high volatile instruments. This system is based on a combination of moving averages to predict the price movements. RMO i...