Majority Rules Indicator

363
MJR (Majority Rules)

Here is the MJR (Majority Rules) indicator that was coded by Mladen back in 2012. This version has been fixed for MT4 1090.

Description:
The Majority Rules indicator (MJR) shows, in percent, the amount of days with rising prices in the chosen period of time and is often used to either confirm the trend of the underlying instrument (a rising value indicates an uptrend, while a falling value indicates a downtrend) or to signal an overbought or oversold market. An overbought market has very high values, whereas an oversold market has very low values.

Trade signals:
Buy when the value is low (generally lower than 25%, but it may vary depending on the instrument)
Sell when the value is high (generally higher than 75%, but it may vary depending on the instrument)

Calculation
Majority Rules = (number of up bars / n) x 100

Parameters
number of up bars = the number of times where the price has risen compared to the previous bar.

n = the number of periods/bars minus 1.

Are you looking for a Forex broker? FBS cuts spreads by up to 58%. Click here to begin your trading journey, today.
No commissions are earned by Forex-station.


Guide to the "All Averages" Filters (ADXvma, Laguerre etc.) 🆕
Use Fibonacci numbers for indicator settings + How to draw Fibonacci Extensions
An easy trick for drawing Support & Resistance

CandlesticksSwing Line indicator

364
Swing Line indicator for MT4

Here is Mladen's ingeniously coded Swing Line set of indicators fixed for MT4 1090.

Originally created by Ron Black, the Swing Line indicator was originally presented in Ron Black’s article in this issue (“Getting Clear With Short-Term Swings”).

The newer Histogram version of the Swing Line indicator is posted here: Swing Line Histogram indicator for MT4.
These users thanked the author Jimmy for the post:
太虚一毫
Are you looking for a Forex broker? FBS cuts spreads by up to 58%. Click here to begin your trading journey, today.
No commissions are earned by Forex-station.


Guide to the "All Averages" Filters (ADXvma, Laguerre etc.) 🆕
Use Fibonacci numbers for indicator settings + How to draw Fibonacci Extensions
An easy trick for drawing Support & Resistance

Re: Trend Indicators

365
Adaptive Chandes Trenscore

adaptive t3 chandes trendscore
This is Chande's smoothed with adaptive T3 with alerts and arrows on oversold overbought
interpolated mtf - arrows unique ID
T3 hot or original choice
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.




Who is online

Users browsing this forum: ChatGPT [Bot], gmpleyland, sdsdzk, WhatsApp [Bot], Yahoo Japan [Bot] and 113 guests