Volume Indicators Technical Analysis Metatrader For Mac
- Best Technical Analysis Indicators
- Most Reliable Technical Analysis Indica…
- Technical Analysis Trend Indicators
It means the classic volume indicator in technical analysis won’t reflect the true state of the market. Different types of oscillator have appeared as a result. Traders care about volume, but few use volume oscillators.
This indicator is a composite of and Z-Score (requested by @ChartAt). The general idea is that counter-trend component of the Z-score is used to adjust/improve the trend component of the. The advantage is that it is a more accurate and “assumption-free” and can more accurately describe how a market or stock actually works in a given time frame. I have also added support to smooth out the MAC-Z using Laguerre filter (Thanks @TheLark for the excellent LMA). Note that smoothing removes the 'noise' component additive of Z-Score, so you may miss some good signals. By default Laguerre smoothing is OFF, I suggest playing with the Gamma to see if you can find a proper trade-off value.
Theme credits - @liw0 More info. If I may, since you offered the invitation, traders can experiment with the settings for Laguerre function with the following gamma ratios of 0.577215 (Euler's constant), 0.739085 (Dottie number), 0.618 (fib), 0.786129 (square root of 0.618), 0.809 (one half of 1.618), 0.886 (Spearman's critical value ALSO a critical value for Harmonic patterns). Everyone tends to have personal preference with figures and then of course each trading instrument has their own sine wave frequency. If those figures seem too 'slow' or smooth for personal preference simply take a fraction of a particular figure.
Best Technical Analysis Indicators
Most Reliable Technical Analysis Indica…
Technical Analysis Trend Indicators
Example, for ratio 0.886 set the gamma to 0.0886. Hope this helps. Love your work LB, keep posting!