Re: No Nonsense Forex - Indicators

#11
Hi Centaur,

I love your Modified Explosion Indicator I've been testing it out on mt5. Could you do me a favor and convert it into mt4? since that's the platform I do my charting on. so I can continue using your awesome indicator!

Thanks in advance!


LikeRe: No Nonsense Forex - Indicators

#12
ArtūrasF wrote:
Mon Apr 11, 2022 1:49 am
Hello Centaur,

I would like to ask maybe you can add ATR bands on Arnaud Legoux Moving Average indicator for MT5 platform. I would be very grateful because I can't find it anywhere. :)
Sorry its been a while since I logged into Forex Station.

Sure no problem, will make work of it.

Re: No Nonsense Forex - Indicators

#13
rambo wrote:
Mon May 09, 2022 9:43 am
Hi Centaur,

I love your Modified Explosion Indicator I've been testing it out on mt5. Could you do me a favor and convert it into mt4? since that's the platform I do my charting on. so I can continue using your awesome indicator!

Thanks in advance!
Unfortunately I only code in MT5

DownloadRe: No Nonsense Forex - Indicators

#14
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 indicator is originally developed by Mr. Rahul Mohindar.
EURUSDM15.png
Inputs.png
Rahul Mohindar Oscillator.mq5
(19.45 KiB) Downloaded 127 times


Re: No Nonsense Forex - Indicators

#16
Aroon Indicator
The Aroon indicator, developed by Tushar Chande, indicates if a price is trending or is in a trading range. It can also reveal the beginning of a new trend, its strength and can help anticipate changes from trading ranges to trends. AroonDown and the AroonUp indicators are used together and combined are called the Aroon indicator.
EURUSDM15.png
Input.png
Aroon.mq5
(10.5 KiB) Downloaded 101 times

Re: No Nonsense Forex - Indicators

#17
Super Smoother
The Super Smoother indicator is suited for filtering random market noise. It is superior to the traditional moving averages (EMA) in filtering irregular movement in the price data of an asset.

The indicator is incorporated with trend following features and a smoothing effect which makes it almost lag-free in comparison to the EMA. This implies that the Super Smoother indicator would be a great choice, especially for trend-based traders.
EURUSDH1.png
Input.png
SuperSmoother.mq5
(9.93 KiB) Downloaded 105 times

Re: No Nonsense Forex - Indicators

#18
Arnaud Legoux Moving Average (ALMA) with ATR Bands

The ALMA indicator aims to give more reliable signals than other forms of MA's by eliminating (or smoothing out) small fluctuations in an asset’s price, thereby making upward or downward trends clearly visible. This in turn reduces price lag, meaning it creates a smoother line than most MA's. The ALMA does this by essentially applying a double MA, one moving in the standard left-to-right direction, and another moving right to left.

The Arnaud Legoux moving average was developed in 2009 by Arnaud Legoux and Dimitrios Kouzis-Loukas, who sought a solution that would generate more useful data than simple moving averages (SMA) and exponential moving averages (EMA). The pair was inspired to remove “noise” (i.e., inconsequential or misleading data) from price movement charts to provide smoother images. Many different forms of smoothed moving averages (SMMA) already existed, but Legoux and Kouzis-Loukas felt the results of these solutions still weren’t accurate enough.
EURUSDDaily.png
Inputs.png
Common.png
ALMA.mq5
(16.43 KiB) Downloaded 87 times

Re: No Nonsense Forex - Indicators

#19
If posted baseline indicators (KAMA, ALMA, SSF) ATR bands need to be modified to be around price rather than the indicator, please just ask and I'll modify them accordingly. Please any comments, criticism or advice are more than welcome... This helps me to refine my coding skills.

Need ideas for new indicators, just a name is more than sufficient and perhaps its category (baseline, C1, C2, volume etc.)


  1. Similar Topics

    1. 5 Replies
      12565 Views
    2. Data error & effect on forex indicators

      2 Replies 969 Views

      by mahnooj, Tue Jul 10, 2018 1:21 pm in New Members & Common Forex Q&A's

      2 Replies
      969 Views

Return to “MT5 Indicators”

Users viewing this forum: CommonCrawl [Bot] and 2 guests