MetaTrader Indicator Hurst Divergence - Short explanation
Metatrader Indicator Hurst Divergence indicates fractal divergence by Hurst indicator. When divergence appears between Hurst Indicator and the price, it indicates a high probability that the current trend will finish soon. A signal to buy is when a new Low-fractal is formed below the previous one and a corresponding Hurst Indicator value is higher than the previous one. A signal to sell is when a new Up-fractal is formed above the previous one and a corresponding Hurst Indicator value is lower than the previous value. The indicator has a lot of customizable settings.
In fractal geometry, the generalized Hurst exponent, named H in honor of both Harold Edwin Hurst (1880–1978) and Ludwig Otto Hölder (1859–1937) by Benoît Mandelbrot (1924-2010), is referred to as the "index of dependence," and is the relative tendency of a time series either to regress strongly to the mean or to cluster in a direction.
The Hurst exponent is used as a measure of the long term memory of time series, i.e. the autocorrelation of the time series. Where a value of 0 < H < 0.5 indicates a time series with negative autocorrelation (e.g. a decrease between values will probably be followed by an increase), and a value of 0.5 < H < 1 indicates a time series with positive autocorrelation (e.g. an increase between values will probably be followed by another increase). A value of H=0.5 indicates a true random walk, where it is equally likely that a decrease or an increase will follow from any particular value (e.g. the time series has no memory of previous values)
The three principles of hurst exponent :
Value 0.5 – 1 = whatever is happening now is likely to continue
Value 0 – 0.5 = whatever is happening now is likely to reverse
Value around 0.5 = likely to go in any direction
e-BJF-TrailingStop-Toolkit expert advisor contains 6 different TrailingStops (Standard, High/Low, ATR, Fractals, PSAR, ProfitPcnt), work days settings and work time settings.
We have added new section on our website: "Advanced Divergence Indicators".
For your attention new John Ehlers adaptive divergence indicators:
FisherTransform Divergence Indicator - This is a very fast crossover trade trigger indicator and if used in conjunction with a good trend-following tool it is predictive and can be applied in strategies (coming soon). When compared to MACD or other crossover indicators the Fisher Transform is clearly superior and timely.
AdaptiveCyberCycle Divergence Indicator - Adaptive indicators all use the measured dominant cycle Adaptive CyberCycle, Center of Gravity (CG), and RVI all yeild similar results but are more responsive than their static (non-adaptive) counterparts. Adaptive Cyber Cycle Oscillator From the book 'Cybernetic Analysis for Stocks and Futures' by John Ehlers, July 2004.
Center of Gravity (COG) Divergence Indicator - Center of Gravity actually has a zero lag and allows to define turning points precisely. This indicator is the result of Ehler's study of adaptive filters.
We get a lot of questions what is your best adviser, or what is your best indicator. I'll try to clarify some points.
Expert Advisors
We have a lot of Expert Advisors based on different algorithms. What could be the starting point when choosing a EA. I think best way is start choosing from information about account.
If your broker support minimal lot =0.1 and you account size $1000 or more; or your broker support 0.01 and your account size 100 or more, you can use scalping systems. I can recommend you Expert Advisor "SC-Market".
If your broker support minimal lot =0.1 and you account size $2000 or more; or your broker support 0.01 and your account size 200 or more, your can use scalping systems and also you can use hybrid (Scalping + Trend Following) systems. I can recommend you: Expert Advisor "SC-Market", Expert Advisor "TFOT"
If your broker supports minimal lot = 0.01 and your account $5000 or more, you can use Scalping, Hybrid and also grid systems and systems with increasing lot (non martingale!).
I can recommend you: Expert Advisor "SC-Market", Expert Advisor "TFOT", Expert Advisor "SecureProfit", Expert Advisor "Eldorado".
The indicator is not a trading system and part of the trading system. You should create your trading rules using indicator(s) or use rules provided by reliable sources. We have described several manual strategies and will post new strategies with recommended indicators here
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We get a lot of questions what is your best adviser, or what is your best indicator. I'll try to clarify some points.
Expert Advisors
We have a lot of Expert Advisors based on different algorithms. What could be the starting point when choosing a EA. I think best way is start choosing from information about account.
If your broker support minimal lot =0.1 and you account size $1000 or more; or your broker support 0.01 and your account size 100 or more, you can use scalping systems. I can recommend you Expert Advisor "SC-Market".
If your broker support minimal lot =0.1 and you account size $2000 or more; or your broker support 0.01 and your account size 200 or more, your can use scalping systems and also you can use hybrid (Scalping + Trend Following) systems. I can recommend you: Expert Advisor "SC-Market", Expert Advisor "TFOT"
If your broker supports minimal lot = 0.01 and your account $5000 or more, you can use Scalping, Hybrid and also grid systems and systems with increasing lot (non martingale!).
I can recommend you: Expert Advisor "SC-Market", Expert Advisor "TFOT", Expert Advisor "SecureProfit", Expert Advisor "Eldorado".
The indicator is not a trading system and part of the trading system. You should create your trading rules using indicator(s) or use rules provided by reliable sources. We have described several manual strategies and will post new strategies with recommended indicators here
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For our analyze we used statements from real accounts since 22.11.2010 till 4.07.2013.
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