XBullsBearsEyes_Vol - indicator for MetaTrader 5
BullsBearsEyes_Vol indicator with additional averaging of the resulting histogram. A similar averaging is applied to dynamic overbought/oversold levels as well.
//+----------------------------------------------+
//| INDICATOR INPUTS |
//+----------------------------------------------+
input uint period=13; // indicator averaging period
input double gamma=0.6; // indicator smoothing ratio
input ENUM_APPLIED_VOLUME VolumeType=VOLUME_TICK; // volume
input int HighLevel2=+25; // overbought level 2
input int HighLevel1=+10; // overbought level 1
input int LowLevel1=-10; // oversold level 1
input int LowLevel2=-25; // oversold level 2
input Smooth_Method MA_SMethod=MODE_SMA_; // Averaging method
input uint MA_Length=12; // Smoothing depth
input int MA_Phase=15; // first smoothing parameter,
//---- for JJMA, changing within -100 ... +100, affects the transient process quality;
//---- For VIDIA this is CMO period, for AMA this is a slow average
input int Shift=0; // Indicator horizontal shift in bars
The indicator uses SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The use of the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".
Download link :XBullsBearsEyes_Vol
No Comment to " XBullsBearsEyes_Vol - indicator for MetaTrader 5 "