Ocean series of indicators were originally created by Jim Sloman (the theory) and Pat Raffalovich (the coder) - additional information can be obtained in Jim Sloman's book
Natural market slope is an indicator that combines :
Natural market slope period linear regression slopes (weighted by appropriate coefficients) into a single "market slope"
Prices can be additionally pre-smoothed vi TEMA (triple ema)
Even though usually adding pre-smoothing adds lag, using TEMA in this case works very well (default values are using almost insignificant lag)
Usage :
As any usual slope / momentum indicator
You can use the color change of the indicator as an indication of momentum change
You can use the zero cross of the indicator as an indication of "trend" change
MSB Pro ALGO Position Risk Monitor is a free visual risk monitoring indicator for MetaTrader 5. The indicator analyzes currently open positions and displays their stop loss risk di...
MSB Pro ALGO Neon Account Dashboard is a free visual account monitoring panel for MetaTrader 5. The indicator displays important account and trading information directly on the cha...
The horizontal axis represents Renko sequence rather than time. The internal builder uses incoming BID ticks and the classic two brick reversal rule. The Donchian Channel is causal...