Blau Directional Trend Index Indicator

Introduction to the Blau Directional Trend Index Indicator The Blau Directional Trend Index Indicator is based on the technique first introduced by William Blau in his book “Momentum, Direction and Divergence” (1995). The author focuses on three key aspects of trading: momentum, direction and divergence. The Directional Trend Index is an indicator that works in…

Linear Regression Sketcher Indicator

Introduction to the Linear Regression Sketcher Indicator The Linear Regression Sketcher Indicator is a variation of a standard Linear Regression indicator. There are differences, instead of showing just the liner regression value, that indicator is showing corresponding linear regression lines too. That way it indicates what is the best linear regression fit (and trend) at…

Perfect Trend Line 2 Indicator

Introduction to the Perfect Trend Line 2 Indicator The Perfect Trend Line 2 Indicator is a variation of a popular “Perfect Trend Line Indicator”. This version is adding a sort of signals filtering which helps in cleaning up some false signals that take place in the original version. There are two types of signals provided…

Bollinger Bands Stops HMA Based Indicator

Introduction to the Bollinger Bands Stops HMA Based Indicator The Bollinger Bands Stops HMA Based Indicator displays trend-defining bands placed either below the price or above the price. As the name suggests, that indicator uses Hull Moving Average (HMA) and Bollinger Bands Stops to calculate the signals. When the blue band below the price is…

Dynamic Balance Point Indicator

Introduction to the Dynamic Balance Point Indicator The Dynamic Balance Point Indicator calculates the dynamic balance point for the desired period. Even though it is a sort of a multi timeframe indicator, it calculates the balance point without the usual issues that multi timeframe indicators have: the recalculation. The balance point is calculated correctly for…

MACD Flat Trend Indicator

Introduction to the MACD Flat Trend Indicator The MACD Flat Trend Indicator helps to recognize whenever the market is in an uptrend, downtrend, or being flat (sideways). When the MACD (Moving Average Convergence Divergence) Flat Trend indicator is loaded up, you will see green, red and gray bricks. The gray bricks reflect market indecision, in…

Stochastic of Hull Average Indicator

Introduction to the Stochastic of Hull Average Indicator The Stochastic of Hull Average Indicator is, as the name suggests, a combination of Stochastic Oscillator and Hull indicator. The Hull period is set to 32, and the Stochastic period is also set to 32. As you can see, the signal line is either blue or pink.…

Parabolic Weighted Velocity Indicator

Introduction to the Parabolic Weighted Velocity Indicator The Parabolic Weighted Velocity Indicator works in a very similar manner to the Jurik Velocity. The difference is between Parabolic Weighted Moving Average and Linear Weighted Moving Average. This Parabolic Weighted Velocity extends the original indicator by allowing you to change the “power” of the calculated averages used…

Keltner Channel Smooth ATR Indicator

Introduction to the Keltner Channel Smooth ATR Indicator The Keltner Channel Smooth ATR Indicator is a volatility-based envelope that is aligned above and below a Moving Average, which is a central element of that indicator. In the settings of that Keltner Channel indicator, you can set the median value average method among the: Exponential Moving…

Blue Renko Bars Indicator

Introduction to the Blue Renko Bars Indicator The Blue Renko Bars Indicator displays, as the name suggests, Renko Candlesticks colorized to blue color. The default size of each brick is 10 pips. Remember that Renko Chart works in a different way than standard Japanese Candlesticks Charts. In the case of Renko, the candlesticks are based…