A port of the MT4 indicator of Mladen Rakic found at www.mql5.com
which is based on Dynamic Zones that was originally published in Stocks & Commodities 1996 issue.
Dynamic Zones is meant to be applied to oscillators to get dynamic overbought and oversold levels
quantified using statistical methods.
Great tool to find market tops, bottoms, S/R's and reversals.
Rsi has 2 customiseble overbought and oversold levels can show you extreme levels.
Slow Stochastic 1 (25 period) shows small price swings
Slow stochastic 2 (100 period) can show you a greater picture, are we reversing?
Why do you need Leguerre, Murrey, Kaufman oscilator 3000 when you can have old and...
This script has been based on ProwdClown's instructions of usage.
GM settings 9, 6, 3 should be used, LSMA 25, 0 has been implemented.
Original author for main script: LazyBear, xSilas and Ni6HTH4wK, modified By sco77m4r7in and oh92, later modified By scilentor.
Somebody asked me for a script that plotted the percentage change compared to the previous candle, so I made a quick script that does exactly that.
Let me know if you find it useful.
Also do check out my other indicators !
Neat little RSI oversold and overbought markers above and below the bars. Helps visually identify whether the indicator is in overbought or oversold conditions.
Lines "Total Up Impulses" and "Total Down Impulses" are the sum of impulses in the last n periods (Length).
line 1 => "Total Up Impulses": the sum of up impulses.
line 2 => "Total Down Impulses": the sum of down impulses.
When line 1 crosses up line 2, it indicates an uptrend is comming out.
When line 1 crosses down line 2, it indicates a downtrend is comming out.
**Minor Fix: Colored when going up, AND down after the limit: 30 or 70.**
This is a Relative Strenght Index Indicator where you get a Colorful Mark when it's over bought / sold with it's respective color.
Strong indicator for starting a slow/correction movement.
If it goes over 70, it's overbought turning red indicating a possible Sell.
If it goes under...
