RenkoShade2 – Draws Renko boxes in normal TF To see the renko box on normal TF… or not!!! Try the renkoshade on renko chart! Put the renkoshade2 on a renko chart, it will provide you ‘multi renko’ view. See attached picture. Picture 1: RenkoShade 10 on TF M5 Picture 2: RenkoShade 5 on Renko 3…
Analysis of the waves The trend determination is based on ZigZag indicator. An each trend is marked with rectangle with different colors. The information about trend (h-size, v-average volume, s-speed in pips/hour) is displayed in the upper/lower corners. The current trend is considered from the beginning of the last rectangle.
The MAD Indicator (Moving Averge Delta) MAD stands for Moving Average Delta, it calculates the difference between two points of an moving average. The curve shows the different in Pips. By calculating the delta between two points we can see more small changes in the direction of the moving average curve which are normally hard…
KoliEr Bands, Bollinger Bands ® KoliEr Bands give you a step by step view for support and resistant levels. If Bollinger Bands is Batman, KoliEr Bands is Robin. Use them together. Red and solid lines is KoliEr Bands. Blue and dot lines is Bollinger Bands Logic: Use the average value of the highest…
Optimize cross Moving average This indicator tries out a lot of settings each time the time frame or the symbol changes or even one each new candle. It works by dull “trading” the last 100 or so candles and choosing the settings with the best success. It is simply measuring the distance between a short…
Multicurrency Indicator The Indicator analyses 4 currency pairs, compares them and prints the current divergence on the chart. The divirgence is presented in points of the current pair.
Higher TimeFrame Trend Indicator This indicator displays the overall trend of a higher timeframe on the current (lower timeframe) chart as follows: If MA_1 < MA_2 < MA_3 < MA_4 on the higher timeframe MA proper order has been established and a down trend is in place. On the current, lower timeframe chart and red…
Another VSA indi. VSA is about reading the market and mapping it out to give you a better understanding of what it might do next. Bars info: YellowGreen: We can have increasing spread and increasing volume -strong participation and price should continue in this direction. Red: We can have decreasing spread and increasing volume-direction move…
A measure of fractal self-similarity It basically calculates this indicator for several timeframes and compute a dispersion of the fractal dimensions of these timeframes around the longest timeframe selected, each timeframe can be given a different importance by means of different weights (provided all the weights are integer). The dispersion is simply a standard deviation…
Three Indians Detection of a pattern “three Indians” on the basis of the ZigZag. There are two basic methods: Trade on a trend – less risky method when a pattern crowns with itself the termination of correction of already developed trend, and gives a signal to its continuation: Trade on a turn, more risky method…