Directional EAs, indis, scripts & libraries

Average Directional Movement Index (ADX) – indicator MetaTrader 5

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Average Directional Movement Index (ADX) - indicator for MetaTrader 5
Average Directional Movement Index technical indicator (ADX) helps to determine the market trend. It was developed and described in detail by Welles Wilder in his book “New concepts in technical trading systems”. The simplest trading method based on the system of directional movement implies comparison of two direction indicators: the 14-period +DI one and the

Average Directional Movement Index Wilder – indicator MetaTrader 5

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Average Directional Movement Index Wilder - indicator for MetaTrader 5
Average Directional Movement Index Wilder (ADX Wilder) helps to determine if there is a market trend. This technical indicator is constructed as a strict correspondence with the algorithm described by Welles Wilder in his book “New concepts in technical trading systems”. Trading rules of this indicator are described in the Average Directional Movement Index. Calculation:

Directional Trend Index Blau_DTI – indicator MetaTrader 5

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Directional Trend Index (DTI) Indicator by William Blau
Author: Andrey N. Bolkonsky The Directional Trend Index (DTI) indicator (based on the Composite High/Low Momentum) is described by William Blau in the book “Momentum, Direction, and Divergence: Applying the Latest Momentum Indicators for Technical Analysis”. WilliamBlau.mqh must be placed in terminal_data_folder\MQL5\Include\ Blau_DTI.mq5 must be placed in terminal_data_folder\MQL5\Indicators\ Directional Trend Index (DTI)Indicator by William Blau

Efficiency ratio directional with levels – indicator MetaTrader 5

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Efficiency ratio directional with levels - indicator for MetaTrader 5
Basics: The Efficiency Ratio (ER) was first presented by Perry Kaufman in his 1995 book ‘Smarter Trading‘. It is calculated by dividing the price change over a period by the absolute sum of the price movements that occurred to achieve that change. The resulting ratio ranges between 0 and 1 with higher values representing a

Directional smoothed momentum – indicator MetaTrader 5

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Directional smoothed momentum - indicator for MetaTrader 5
Calculation The calculating method is deviation when compared to usual momentum calculation. Momentum is calculated as a sum of absolute differences of current price to the price 1 period ago and then compared to the ratio of current price to the price several (N) periods ago. ABS MOMENTUM = SUM(ABS(CLOSE(i)-CLOSE(i-1)) MOMENTUM = CLOSE(i)>CLOSE(i-N) ? ABS