MyFxBots FREE MetaTrader Indicators

Double Smoothed Stochastics – DSS Bressert is an oscillator introduced by William Blau and Walter Bressert shortly after each other in two slightly different versions. The calculation of DSS Bressert values is similar to the stochastic indicator. The difference is the use of double exponential smoothing. The advantages over the classic stochastic oscillators are the fast response to price changes in a still very smooth pattern. In addition, the extreme zones at the other end of the scale are reached quite frequently, even in strong trends, resulting in many trends confirming signals. Double Smoothed Stochastics – DSS The Bressert values are the same as the stochastics – values above 80 indicate an overbought condition of the market, and values below 20 indicate an oversold condition of the market.

The indicator has two lines:

1. DSS
2. DSS  Signal

We have added these conditions:

• DSS is crossing UP/Down
• DSS is rising/falling

Indicator is implemented for: MT4/MT5/Tradestation/ Multicharts

The Relative Vigor Index (RVI) is a momentum indicator used in technical analysis. It measures the strength of a trend by comparing the closing price of a security with its trading range and smoothing the results using a simple moving average (SMA).

The RVI is interpreted in the same way as many other oscillators, such as the Moving Average Convergence-Divergence (MACD) or the Relative Strength Index (RSI). While oscillators tend to fluctuate between fixed levels, they can remain at extreme levels for extended periods, so interpretation must be done in a broad context to be actionable.

The indicator has one line:

1. RVI
2. RVI Signal

We have added these basic conditions:

• RVI is rising/falling
• RVI  is above/below level
• RVI  crosses above/below level

Indicator is implemented for: MT4/MT5/Tradestation/ Multicharts

The Disparity Index (DI) is a technical momentum indicator that measures the percentage value of an asset’s current closing price relative to its moving average. Simply put, it helps compare the current market price to the moving average of the price over some time. A positive percentage indicates a rising price, while a negative percentage indicates a falling price. Traders use the DI to identify overbought/oversold market conditions of an asset, which can lead to sudden price reversals.

Whenever the disparity index crosses the zero line, the indicator generates very useful signals. A change in trend is imminent when the indicator crosses the 0 line. A price correction is inevitable when the indicator shows extreme values. The DI indicator shows extreme values because assets are falling into the overbought/oversold zone. Extreme values indicate that a trend reversal is imminent and traders should stop following the trend. Values above zero indicate an uptrend, while values below zero indicate selling pressure during the downtrend. Divergences can also be detected using the DI indicator. Whenever the indicator and the price do not move in the same direction, this indicates a divergence.

The indicator has one line:

1. Disparity index

We have added these basic conditions:

• Disparity Index is rising/falling
• Disparity Index  is above/below level
• Disparity Index  crosses above/below level

Indicator is implemented for: MT4/MT5/Tradestation/ Multicharts

The rate-of-change indicator (ROC), also referred to simply as momentum, is a pure momentum oscillator that measures the percentage change in price from one period to the following one. When calculating ROC, the current price is compared to the price “n” periods ago. The chart forms an oscillator that fluctuates above and below the zero line as the rate of change moves from positive to negative. As a momentum oscillator, ROC shows signals such as crossing the centerline, divergences, and overbought/oversold levels. Since divergences are not reversal signals in most cases, they will not be discussed in detail in this article. Although crossing the center line causes price fluctuations, especially in the short term, these crossovers can be used to identify the overall trend. The identification of overbought or oversold extremes is natural for the Rate-of-Change Oscillator

The indicator has one line:

1. ROC

We have added these basic conditions:

• ROC is rising/falling
• ROC is above/below level
• ROC crosses above/below level

Indicator is implemented for: MT4/MT5/Tradestation/ Multicharts

«Optimal Detrending» article by John F. Ehlers in Stocks & Commodities V. 18:7 (20-29) is the base core of Modified Optimum Elliptic Indicator. The whole theory is described there in details. The indicator has no input parameters.

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