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  1. Indicators based on June 2020 TASC article "Correlation as a cycle indicator" by John Ehlers

    by , 06-03-2020 at 05:32 PM
    Interesting indicators were coded for MQL5 CodeBase based on June 2020 TASC article "Correlation as a cycle indicator" by John Ehlers

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    In his June 2020 TASC article "Correlation as a cycle indicator" John Ehlers describes one possible way to determine trend in the markets. His article describes 3 possible ways of determining the trend and here we shall post all the 3 possible ways.

    1. Correlation market state - indicator for
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  2. Dynamic Trend indicator with arrows

    by , 04-12-2020 at 02:44 PM
    Dynamic_Trend - indicator for MetaTrader 5

    Name:  Dynamic_Trend1.png
Views: 187
Size:  19.9 KB

    The Dynamic Trend signal indicator draws a two-color trend direction line and adds signal arrows.
  3. ADXVMA for MT5

    by , 03-19-2020 at 11:26 AM
    ADXVMA - indicator for MetaTrader 5

    Name:  ADX11.png
Views: 293
Size:  23.6 KB
    ADXVMA is one new sort of a Moving Average.

    It uses modified ADX calculation for adapting Moving Average calculation. The process of adapting is so efficient that it filters out a lot of noise out of the market and produces longer periods of smooth values. That makes it useful for trending mode and for support / resistance usage too.
  4. Step average (atr based for MT5

    by , 03-18-2020 at 11:19 AM
    Step average (atr based) - indicator for MetaTrader 5

    Name:  stepatr1.png
Views: 202
Size:  17.5 KB

    It is using percent of ATR (Average True Range) as a filter. It is done in order to fix one of the weak points of using fixed (pips) step size : different time frames tend to have different results for fixed step size (ie: higher time frames become almost without steps and lower time frames still have those steps for same setting). Percent of ATR usage fixes that and makes it a sort
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  5. All FerruFx indicators

    by , 02-18-2020 at 03:18 PM
    All FerruFx indicators can be found on his profile (with the link to MQL5 Market) - most of those indicators are free.
    go here for the links to download.
    Example:

    Name:  eurusd-m30-alpari-international.png
Views: 378
Size:  22.1 KB

    Name:  alert1.png
Views: 194
Size:  10.5 KB

    Name:  alert2.png
Views: 177
Size:  14.0 KB
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