Algorithms

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SMI Indicator is used to predict the trend prevailing in the market i.e. either bullish or bearish. The trend is bearish if its SMI Output is below 40. Conversely, an SMI Output of above 40 indicates a bullish trend. In SMI, when the current closing price is greater than the Midpoint of High/Low Range, the outcome is above zero. Similarly, when the Current Close is less than the Midpoint of High/Low Range, than SMI is below zero. SMI uses a wide range that can vary from a negative value of -100 to a positive value of +100. In order to smooth the results of SMI, a Moving Average is determined, a.k.a. Stochastic %D.  
06 Aug 2012
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4235
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1
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5
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The Pretty Good Oscillator measures the distance of the current close from its N-day simple moving average, expressed in terms of an average true range over a similar period.
06 Aug 2012
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1778
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0
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5
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A coherent unification model for trend indicators and oscillators is to technical analysis what a unification model of the micro-cosmos and the macro-cosmos is to physics. Although both models may still be far from being constructed, there is nonetheless a way of using trend indicators and oscillators to derive virtually instantaneous signals.      
06 Aug 2012
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1722
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0
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5
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This is based on Johnan Prathap’s article in this issue, “Three-Bar Inside Pattern”.
06 Aug 2012
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2517
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0
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0
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The percentB indicator  
04 Aug 2012
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1493
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0
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2.5
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The Bandwidth indicator derived from the Bollinger Bands  
04 Aug 2012
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1589
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1
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5
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The Schaff Trend Cycle is a faster and more accurate indicator than the MACD because the currency cycle trends are factored into the equation of the MACD. The STC Indicator uses a 23- and 50-period EMA with a cycle component used as the 10-period signal line. Factoring in cycle trends based on a certain amount of days, indicates how far and how long a trend lasts. The algorithm involves applying the smoothed stochastic twice on the MACD Line. The result combines the benefits of both indicators.  In trending markets it moves between 0 and 100, rising when an uptrend is accelerating and falling when a downtrend is accelerating.    
03 Aug 2012
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2479
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2
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5
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This indicator script quantifies the variability in a symbol, based on the logarithm of the trading range over N periods. Calculate the natural logarithm of the highest high minus the lowest low, and divide the result by the natural logarithm of the number of periods.
03 Aug 2012
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1268
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0
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5
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The Forecast Oscillator plots the percentage difference between the closing price  and the forecast price  which is  an N period linear regression line. The oscillator is above zero when the forecast price is greater than the closing price. Conversely, it is less than zero if it is below. In the rare case when the forecast price and the actual price are the same, the oscillator would plot zero  
03 Aug 2012
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1676
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0
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5
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Coppock Curve indicator is designed for use on a monthly time scale. It's the sum of a 14-month rate of change and 11-month rate of change, smoothed by a 10-period weighted moving average.             
03 Aug 2012
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1655
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0
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5
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  The Stoller Average Range Channels indicator is designed to identify market volatility using a measure of the Average True Range. The STARC Bands create a channel above and below a moving average of the price. The width of the channel increases and decreases based on the variation in the ATR. The upper and lower bands are calculated by adding and subtracting a weighted ATR to the moving average, respectively.    
09 Jan 2014
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1906
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0
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5
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Qstick is a technical indicator used to identify trends in candlestick charting. It is calculated by taking an N period moving average of the difference between the open and closing prices. A positive Qstick value means that buying pressure has been increasing, whereas sell signals come from the indicator crossing down through zero.    
03 Aug 2012
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1735
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0
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5
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