Wave

Sine Wave – indicator MetaTrader 5

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SineWave and SineWave2 indicators
Real author: Witold Wozniak Sine Wave indicator was developed in 1996 by the American analyst John Ehlers, who called it a “trend oscillator”. It is based on the idea of the economical processes periodicity: the indicator detects this periodicity violations. The indicator acts in a completely opposite way comparing to the adaptive moving averages during a … Read more

Calculation of the 3-rd Elliott wave – script MetaTrader 4

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Calculation of the 3-rd Elliott wave - script for MetaTrader 4
Presented is the script for the calculation of the third Elliott wave based on the algorithm suggested by Bill Williams in his book “Trading Chaos”. (Comment to the figure 7-15 in this book) This script uses the standard OBJ_EXPANSION object (Fibonacci extension) In order to start the calculation it is necessary to move first coordinate … Read more

Elliott Wave Oscillator – indicator MetaTrader 4

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Example
Real author: Hossein Nouri hsn.nouri@gmail.com An oscillator to help you confirm your Elliott waves counting (doesn’t count the waves automatically) Different bar colors for noticing trend change Capable of drawing moving average in indicator’s window All options are customizable Alert settings Elliott Wave Oscillator – indicator MetaTrader 4

Elliott Wave Oscillator – indicator MetaTrader 5

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Example
Real author: Hossein Nouri hsn.nouri@gmail.com An oscillator to help you confirm your Elliott waves counting (doesn’t count the waves automatically) Different bar colors for noticing trend change Capable of drawing moving average in indicator’s window All options are customizable Alert settings Elliott Wave Oscillator – indicator MetaTrader 5

Sine Wave Cloud HTF – indicator MetaTrader 5

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Fig.1. Indicators Sinewave_Cloud_HTF and Sinewave2_Cloud_HTF
Indicator Sine Wave with the timeframe selection option available in input parameters, in form of a colored cloud. input ENUM_TIMEFRAMES TimeFrame=PERIOD_H4; // The indicator chart period (timeframe) For indicator Sinewave_Cloud_HTF to operate, indicator Sinewave.ex5 must be in the <terminal_data_directory>\MQL5\Indicators folder. Similarly, for indicator Sinewave2_Cloud_HTF to operate, indicator Sinewave2.ex5. must be in the <terminal_data_directory>\MQL5\Indicators folder. Both … Read more

Wave period oscillator – indicator MetaTrader 5

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Wave period oscillator - indicator for MetaTrader 5
Theory : The indicator is based on Akram El Sherbini’s article “Time Cycle Oscillators” published in IFTA journal 2018. The WPO is a short-term oscillator that measures the buying and selling period of price cycles over a certain time interval. The leading oscillator indicates a rise in buying period when it moves above the zero … Read more