নলেজ লাইব্রেরি

This document describes a Balance of Power histogram indicator with a configurable chart timeframe. Its example default uses a four-hour period, allowing the indicator to reference a timeframe selected through its input settings. This can support analysis of…

This brief indicator description explains a double-band visualization built from three T3 calculations: one based on highs, one on closing prices, and one on lows. The close-based T3 sits between the high-based upper line and the low-based lower line. Each…

The Average Directional Index is presented as a way to assess the strength or momentum of an existing trend, rather than its direction by itself. The explanation pairs ADX with the positive and negative directional indicators: +DI reflects upward directional…

The Balance of Power indicator estimates whether buyers or sellers controlled a candle by comparing the close with the open and scaling that difference by the candle’s high-low range. Positive readings suggest buyer dominance, negative readings suggest…

The indicator marks the opening price of a higher timeframe, such as the daily chart, and draws configurable offsets around it to define a range. Traders can use that range as a reference for either breakout trades or trades back within the boundaries. For…

This brief technical note explains the mathematical basis of an arc-shaped price channel. It models price as a quadratic function of bar number, with three coefficients representing the constant, linear, and squared terms. Because a quadratic has three…

This expert advisor uses RSI levels to initiate grid trading orders, with configurable parameters for the RSI period, upper and lower thresholds, and calculation timeframe. It also allows control of initial order size, lot multiplication, maximum lot, grid…

The Vortex indicator uses two oscillators to represent positive and negative price movement, in a way similar to the directional lines in the Average Directional Movement Index. It calculates positive movement from the distance between the current high and…

The document describes ALF Winner, an oscillator translated from AmiBroker Formula Language into MQL5. It presents the indicator as a way to identify trends through characteristic turning sections, with values displayed on a scale from zero to one hundred.…

This short description explains a step chart indicator that ignores price moves smaller than a chosen pip threshold. By suppressing changes below that threshold, the chart represents price as a sequence of steps and filters out smaller fluctuations. The…

This note describes a variation of a DMI and stochastic indicator, with configurable parameters, levels, color changes, alerts, and multi-timeframe use. Its central technical distinction is the smoothing method used to calculate DMI. Wilder-style smoothing,…

This short description explains a custom chart indicator that plots the Awesome Oscillator in a separate pane and marks detected divergences both there and on the price chart. Divergence signals are intended to show disagreement between oscillator movement…

XDPO_Histogram is described as a simple oscillator built from the difference between closing price and its moving average. That difference is averaged again over a smoothing period, and the resulting oscillator is shown as a color histogram. The calculation…

This indicator identifies five-point Merrill M and W wave shapes from turning points found by a modified ZigZag process. It plots the patterns and support or resistance levels at extreme points, then estimates possible price movement based on how patterns…

This brief description introduces a simple moving average calculated using a geometric mean. It identifies two configurable inputs: the number of observations in the calculation period and the price series used as the input. The indicator therefore differs…

The document describes an indicator that plots a fan of moving averages and calculates acceleration or deceleration for each average. The combined display is intended to help users observe when a trend is losing strength and when it may be changing…

The document describes a trading approach based on preset combinations of candlesticks. It indicates that candles are represented with a binary convention: bullish candles receive one label and bearish candles another. A trader selects the desired sequence…

The document introduces two Expert Advisors that use price crossing a moving average as an entry signal. One version applies a Martingale approach after losses, while the other does not. It notes that the tools used by both programs are contained in a…

The document introduces a higher-timeframe version of the Range Expansion Index (REI), describing it as a relative oscillator with a selectable timeframe. It indicates that the timeframe is chosen through the indicator’s input parameters, allowing the REI to…

This indicator counts bullish and bearish candles between two chart bars. The starting bar is defined relative to the right edge of the chart, while the ending bar lies farther to the left. The example uses bars 0 and 5 to illustrate how the interval is set.…

SFX_TOR is described as a trend indicator built around Average True Range and standard deviation. Its chart displays ATR, standard deviation, and an averaged standard-deviation series, giving traders a view of these measures alongside the indicator's trend…

This indicator description proposes using floating overbought and oversold levels to help RSI function as a trend indicator. Its central claim is that adapting the levels can reduce the flattening effect that may make RSI less useful over longer calculation…

This document describes RSITrend_x10Full, a variant of an RSI trend indicator that lets users set input parameters separately for each RSI oscillator. The oscillators are used together to display current trends, so the main idea is to compare multiple RSI…

This document describes a MetaTrader scanner that monitors multiple symbols for price interactions with pivot levels. It can alert when price crosses a level, approaches it within a chosen distance, or appears to bounce away. Supported pivot calculations…