Simple daily range script – script for MetaTrader 4
Simple daily range script – script for MetaTrader 4
Range EAs, indis, scripts & libraries
REI (Range Expansion Index) DeMark – indicator for MetaTrader 4
The REI (Range Expansion Index) indicator by Thomas DeMark. The usage of the indicator is described in “The New Science of Technical Analysis” by Thomas R. DeMark. REI (Range Expansion Index) DeMark – indicator for MetaTrader 4
Average True Range (ATR) – indicator for MetaTrader 5
Average True Range (ATR) is a technical indicator that shows market volatility. It was introduced by Welles Wilder in his book “New concepts in technical trading systems”. This indicator has been used as a component of numerous other indicators and trading systems ever since. Average True Range can often reach a high value at the
Williams’ Percent Range (%R) – indicator for MetaTrader 5
Williams’ Percent Range technical indicator (%R) is a dynamic technical indicator, which determines whether the market is overbought/oversold. Williams’ %R is very similar to Stochastic Oscillator. The only difference is that %R has an upside down scale and the Stochastic Oscillator has internal smoothing. To show the indicator in this upside down fashion, one places
True Range Bands – indicator for MetaTrader 4
The indicator can be used at any time frames The Following input parameters can be easily changed: nPeriod = 13; Deviation = 1.618; MaShift = 0; Image: True Range Bands – indicator for MetaTrader 4
OBTR On Balance True Range Indicator – indicator for MetaTrader 4
Tom Bierovic originated the concept of using the range to overcome some of the limitations of the volumes indicator. I searched everywhere for an MT4 version and could not find. Therefore this indicator was born. I have enabled it with many options so that it can be tailored to suit many strategies. It appears to
True Range Envelopes – indicator for MetaTrader 4
Description: True Range Envelopes is based on the classical Envelopes indicator. Instead of input parameter “Deviation” I used the data from Average True Range indicator and then MaOnArray function for smoothing all lines. Image: True Range Envelopes – indicator for MetaTrader 4
Range Expansion Index – indicator for MetaTrader 5
Real author: Earnforex Range Expansion Index (REI) is an oscillator that measures price changing rate and signals about overbought/oversold areas, in case a price shows weakness or strength. It was developed by Thomas DeMark and described in his book “The New Science of Technical Analysis”. The indicator values change from -100 up to +100. REI
Daily Range Projections – indicator for MetaTrader 5
The indicator forecasts high and low price values of a financial asset considering yesterday’s (completed) and today’s day candlesticks parameters. Tomorrow’s price range X depends on the current day Close and Open prices ratio. Three relations are possible among them: if Сlose[0] < Open [0], then Х = (High[1] + Low[1] + Close[1] + Low[1]
Daily Range Projections Full – indicator for MetaTrader 5
The indicator forecasts high and low price values of a financial asset for the current trading day considering yesterday’s (completed) and today’s day candlesticks parameters. Tomorrow’s price range X depends on the current day Close and Open prices ratio. Three relations are possible among them: if Сlose[0] < Open [0], then Х = (High[1] +