Average True Range (ATR) – indicator MetaTrader 5

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 MetaTrader 5

Williams’ Percent Range indicator
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

OBTR On Balance True Range Indicator – indicator 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

Range Expansion Index – indicator MetaTrader 5

Range Expansion Index indicator
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 MetaTrader 5

Daily Range Projections
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 MetaTrader 5

Daily Range Projections Full
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] +