Re: Metatrader 5 Versions of indicators.

201
society wrote: Tue Nov 21, 2017 9:19 am Anyone have a basic RSI with alerts OB/OS for MT5? tks
stochasticrsi without Alert

Standard RSI may not show market cycles or volatility changes. In case the market enters trend state, RSI often is not able to reach the appropriate level that can trigger position opening signal according to the trend direction. Implementation of Stochastic oscillator to RSI creates a dynamic indicator that better corresponds to its current volatility.

The indicator is inspired by John Ehlers' article "Using The Fisher Transform" published in November 2002 in the "Technical Analysis Of Stock & Commodities" magazine. The simplest method of working with this indicator is completely equivalent to Stochastic oscillator or RSI.

The indicator uses SmoothAlgorithms.mqh library classes (must be placed to the terminal_data_folder\MQL5\Include).

Working with the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".
Always looking the GREAT, never left GOOD Point...


Re: Metatrader 5 Versions of indicators.

202
Tsar wrote: Tue Dec 19, 2017 11:38 pm

stochasticrsi without Alert

Standard RSI may not show market cycles or volatility changes. In case the market enters trend state, RSI often is not able to reach the appropriate level that can trigger position opening signal according to the trend direction. Implementation of Stochastic oscillator to RSI creates a dynamic indicator that better corresponds to its current volatility.

The indicator is inspired by John Ehlers' article "Using The Fisher Transform" published in November 2002 in the "Technical Analysis Of Stock & Commodities" magazine. The simplest method of working with this indicator is completely equivalent to Stochastic oscillator or RSI.

The indicator uses SmoothAlgorithms.mqh library classes (must be placed to the terminal_data_folder\MQL5\Include).

Working with the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".
These users thanked the author Tsar for the post:
Lodi
Always looking the GREAT, never left GOOD Point...

Re: Metatrader 5 Versions of indicators.

205
navid110 wrote: Tue Dec 19, 2017 7:33 pm Is there an MT5 ver. of any ''Bressert'' family indicators?


Robby DSS Bressert Colored.gif
Here the DSS Bressert indicator for MT5 version :

The Double Smoothed Stochastics indicator was proposed by William Blau and Walter Bressert.
The calculation of DSS values is similar to Stochastic indicator, the difference is the use of double exponentially smoothing.

The interpretation of DSS values is the same as for Stochastic - the values above 80 indicates the overbought state of the market, the values below 20 indicates the oversold market state.

These users thanked the author Tsar for the post:
navid110
Always looking the GREAT, never left GOOD Point...




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