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Ladies and gentlemen, welcome.
Today I propose as a curiosity an indicator based on two concepts: Mean reversion and time noise filtering.
Designed for TFm1.
Instead of price, the trend lines are calculated from the white line that tries to simulate a renko chart.
I hope you like it and enjoy it.
Dedicated to trading heroes.
This is how it looks on TFt1. The core.
iTrend is a trend indicator.
This version for cTrader has been based on this indicator for MT5 by Nikolay Kositsin, which in turn is based on previous work by other authors:
The indicator has two lines: bullish (green) and bearish (red).
If the bullish line is above the bearish line the price is trending upwards.
If the bearish line is above the bullish line the price is trending downwards.
The lines are calculated with an exponential moving average (EMA) as follows:
Bullish line = close - EMA
Bearish line = - (low + high - 2*EMA)
Bollinger Bands as a cloud as requested by some on here. As usual, please find the 30min, 1hr and 4hr examples to give you an idea of what it will look like on your charts. Hope you find this helpful, regards.
Download the Indicator
Average Directional Movement Index Rating - ADXR, is a smoothed version of the Average Directional Index ( ADX ) which attempts to measure the strength of a price movement in positive and negative directions, as well as the strength of the trend.
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This indicator helps you draw many moving averages just by typing the periods in a CSV (comma-separated values format), up to 100 moving averages are allowed.
Instead of adding moving averages one by one, you can use this handy tool to draw many with little effort.
1-100 Moving Averages
Keep you favorite symbols and periods at your fingertips
Customizable buttons to switch charts symbol and period fast.
For symbols list you need to specify the name of a watchlist from where symbols will be taken.
Periods specified as a comma separated values.
Button label on one or two lines
Position top or bottom
WORKS ONLY ON NEW CTRADER 4.0
Hide buttons to keep chart clean
Sync Objects Tool for cTrader 3.8+.
Latest version: https://ctrader.com/algos/indicators/show/2063
This tool synchronizes objects between several charts with the same symbol.
How to use: just add it as a regular indicator.
Feel free to make your suggestions to improve this indicator!
devman is making world a little bit better.
This indicator lets you find any candlestick pattern you need, but it is percentage-based.
You just need to indicate the percentages (Min, Max) for each part of a candle, also the direction of the body.
It is very versatile and it lets you highlight the candles with either icon or coloring the bar.
More updates and features for this tool coming soon.
Here in the image, we have one of the classic Doji candles,
We can filter for these by configuring these parameters:
- Upper Wick: Less than 10% of the candle size
- Body: Less than 5%
- Lower Wick: At least 85%
Here's another example (Bullish Marubozu)
- Upper Wick: Less than 5%
- Body: More than 90%, and bullish
- Lower Wick: Less than 5%
Note that some patterns may yield no results, for example, there's no candle which body is at least 90% of the candle and a wick is at least 90% too, this would be a contradiction.
Candlestick Pattern Finder
For bugs reports or other inquiries, please contact:
This must-have indicator for cTrader provides some very useful information on the chart while trading,
Current symbol volatility
Current symbol spread
Today's average true range value
Timeframes average true range value
Depth of market for both buyers and sellers
Profit and loss values in both pips and monetary
Download the indicator
Contact: instant chat group
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