Technical Indicator

Mastering BuySellZigZag: Your Go-To Indicator for MetaTrader 4

Hey traders! If you're looking to enhance your trading game, let me introduce you to the Double ZigZag indicator. This nifty tool draws virtual Buy and Sell levels right on your price chart, making it easier to spot opportunities. Here's the scoop: the TP (Take Profit) and SL (Stop Loss) sizes can be customized in the settings. The indicator will then draw two distinct ZigZags. One ZigZag highlights the peaks and troughs of the Buy price movements, while the other focuses on the Sell price movements. It’s like having a roadmap to navigate the market! Additionally, you'll notice horizontal lines marking the last levels of each ZigZag. These lines can be a game-changer for your trading decisions, helping you visualize the market trends and potential reversals.

2024.12.05

MetaTrader5

Unlock Trading Potential with Fibonacci Bollinger Bands for MetaTrader 5

What Are Fibonacci Bollinger Bands? The Fibonacci Bollinger Bands indicator is a fantastic tool that combines the classic Bollinger Bands with Fibonacci levels, giving traders a powerful way to spot dynamic support and resistance zones. This tool has been converted from Pine Script (shoutout to Rashad!) into MQL5, making it fully compatible with MetaTrader 5. Key Features Automatic Fibonacci Level Calculation: This indicator automatically calculates Fibonacci levels on the Bollinger Bands, streamlining your analysis. Breakout and Reversal Insights: It provides a fresh perspective, perfect for identifying breakout and reversal opportunities in the market. MetaTrader 5 Compatibility: Seamlessly integrates with your MT5 setup. If you're looking to enhance your technical analysis toolkit, give this indicator a spin! Download it and start testing your strategies today! Code Snippet For the coding enthusiasts, here’s the Pine Script code: study(shorttitle="FBB", title="Fibonacci Bollinger Bands", overlay=true) length = input(200, minval=1) src = input(hlc3, title="Source") mult = input(3.0, minval=0.001, maxval=50) basis = vwma(src, length) dev = mult * stdev(src, length) upper_1 = basis + (0.236 * dev) upper_2 = basis + (0.382 * dev) upper_3 = basis + (0.5 * dev) upper_4 = basis + (0.618 * dev) upper_5 = basis + (0.764 * dev) upper_6 = basis + (1 * dev) lower_1 = basis - (0.236 * dev) lower_2 = basis - (0.382 * dev) lower_3 = basis - (0.5 * dev) lower_4 = basis - (0.618 * dev) lower_5 = basis - (0.764 * dev) lower_6 = basis - (1 * dev) plot(basis, color=fuchsia, linewidth=2) p1 = plot(upper_1, color=white, linewidth=1, title="0.236") p2 = plot(upper_2, color=white, linewidth=1, title="0.382") p3 = plot(upper_3, color=white, linewidth=1, title="0.5") p4 = plot(upper_4, color=white, linewidth=1, title="0.618") p5 = plot(upper_5, color=white, linewidth=1, title="0.764") p6 = plot(upper_6, color=red, linewidth=2, title="1") p13 = plot(lower_1, color=white, linewidth=1, title="0.236") p14 = plot(lower_2, color=white, linewidth=1, title="0.382") p15 = plot(lower_3, color=white, linewidth=1, title="0.5") p16 = plot(lower_4, color=white, linewidth=1, title="0.618") p17 = plot(lower_5, color=white, linewidth=1, title="0.764") p18 = plot(lower_6, color=green, linewidth=2, title="1") Visual Example Here’s how the indicator looks in action: Happy trading, and may your charts be ever in your favor!

2024.12.04

MetaTrader4

Master Your Trades with Range Levels Indicator for MetaTrader 4

Hey fellow traders! If you're looking to sharpen your trading game, the Range Levels indicator for MetaTrader 4 is a must-have tool in your arsenal. This nifty indicator showcases the closest levels of a specified price range. You can tailor it to your preferences by selecting whether you'd like to measure the range in points or percentages. How It Works: Here's the lowdown on how the Range Levels indicator operates: 1. You kick things off by setting your desired price range in the indicator's settings. 2. The indicator then scans your chart. 3. Once the difference between the highest and lowest prices over your chosen observation period fits within your specified range, it halts the action and displays the price levels right on your chart.

2024.11.27

MetaTrader4

Understanding the PPF Indicator: Past, Present, Future for MetaTrader 4

Hey fellow traders! Today, let’s dive into the PPF indicator, developed by Yousufkhodja Sultonov. This tool is a great addition to your trading toolkit on MetaTrader 4. While I'm not the original creator, I’ve translated the calculations into MQL4 from Yousufkhodja’s Excel file. Though the original file isn’t saved, I've annotated the code to match the relevant cells from the spreadsheet, making it easier for you to follow along. If you want to explore more about this indicator, check out these threads: PPF Indicator Discussion Further Insights on PPF Now, let’s get to the core of the PPF indicator. It consists of three lines: P1, P2, and P3. These lines help to forecast price movements based on the trajectory of P3. During significant upward or downward trends, you'll notice all three lines merging into one, providing a clearer market direction. Exciting news! The latest version has been updated to include a 'Remove Indicator Drawing' function, allowing you to toggle the indicator’s visibility on historical data. This makes it easier to analyze past trends without cluttering your charts. So, give the PPF indicator a try and see how it can enhance your trading strategy. Happy trading!

2024.11.16

MetaTrader5

Mastering Market Trends: Using Volume Weighted Line Charts in MetaTrader 5

Hey there, fellow traders! Today, let’s dive into a nifty tool that can help you refine your trading strategy — the Volume Weighted Line Chart. This indicator is designed to smooth out your line charts while leveraging tick volume to give you a clearer picture of market direction. The core idea behind this indicator is simple: it reveals the genuine direction the market is heading. Unlike standard line charts, this tool filters out those pesky short-term market fluctuations that can throw off your analysis. Plus, you can tweak the smoothing settings in the input to suit your trading style. To make things even clearer, some graphical elements are added to highlight market direction. This helps in visualizing trends much better. Pro tip: It’s wise to hold off on making any trades when the line flattens out. Horizontal movements often signal indecision in the market, which can lead to false signals.

2024.11.14

MetaTrader5

Optimize Your Backtesting with the New Economic Calendar Tool for MetaTrader 5

Let’s cut to the chase: MetaTrader 5's built-in economic calendar isn't perfectly synced with historical quotes. This can create discrepancies that you need to be aware of, especially if you're serious about your trading strategies.When quotes are generated, they come with timestamps that reflect the server's time zone at that moment. Once those bars are set, their timestamps don’t budge. Meanwhile, the economic calendar provides insights into events—past, present, and future—based on the server's current time zone. Since brokers often have specific time zone policies, including adjusting for daylight saving time, you might find that timestamps for historical events can be off by an hour compared to the corresponding bars for about half the year.But it gets trickier. Brokers sometimes switch time zones more dramatically than just toggling daylight saving time. This can leave historical quotes appearing several hours out of sync with the timing of the economic events that occurred. With news coming in from various countries, each with their own daylight saving rules, the timing of news releases can seem to bounce around on your charts, particularly during spring and autumn.It may seem like a minor detail when trading live, but what if you want to backtest a news-driven strategy? While it’s true that the calendar isn't natively supported in the MetaTrader tester, many traders rely on news to make informed decisions or to step back before the market reacts. That’s why incorporating the calendar into your backtesting is crucial. Exporting the calendar for external storage and importing it into the tester is a smart move, and we covered a useful archiving tool for this in our algotrading book.However, we faced a challenge: the historical quotes and events were out of sync. This issue was left unresolved in the book, but now it's addressed with the extended version of CalendarCache.mqh and the new CalendarMonitorCachedTZ.mq5 indicator. This isn’t just any indicator; it keeps an eye on news events and dynamically updates an on-chart table with past and upcoming events.All the time correction work happens behind the scenes, thanks to the TimeServerDST.mqh library. If you're keen to understand how the time correction works, you can use the CalendarCSVForDates.mq5 script to compare CSV files with and without the correction side by side.Here’s how the library is integrated into both programs:#include <TimeServerDST.mqh> // including before Calendar cache enables timezone fix-up support #include <MQL5Book/CalendarFilterCached.mqh> #include <MQL5Book/CalendarCache.mqh> Just like in the original indicator, there's a string input called CalendarCacheFile, where you can specify a name for the calendar file to read from or write to.When you attach the indicator to an online chart with an empty CalendarCacheFile, it will use the built-in calendar live. If you run the indicator with a specific name in CalendarCacheFile and the file doesn’t exist, it will export the calendar records into the cache file (creating the file) and exit. This is also the point where timestamps can be corrected (see FixCachedTimesBySymbolHistory below).When the indicator runs with the name of an existing cache file in CalendarCacheFile, it loads the cache and operates on this copy just like it would with the built-in calendar. This feature is particularly useful for backtesting. Remember, the tester requires you to specify additional files—specifically, the prepared online calendar file—in the directive #property tester_file or ensure the calendar file is in the common folder: C:/Users/<User>/AppData/Roaming/MetaQuotes/Terminal/Common/.Of course, the cache can also be loaded into an EA during backtests and optimizations.The input string FixCachedTimesBySymbolHistory is processed in a specific manner:If it’s left empty, the indicator saves the cache without making time corrections.To enable time corrections during export, you must specify a symbol for empirical detection of historical time zones on the server. It’s best to use “XAUUSD” or “EURUSD” for this.With this input, only a few lines are added to the new version of the indicator:         if(StringLen(FixCachedTimesBySymbolHistory))             cache[].adjustTZonHistory(FixCachedTimesBySymbolHistory, true); The adjustTZonHistory method is specifically designed for adjusting timestamps and utilizes the internals of TimeServerDST.mqh.This method should only be called online (not in the tester). Typically, it should be called on cache objects filled from the built-in calendar immediately after filling. Otherwise, if the cache is loaded from a calendar file, or if the method has been called already, the cache contents may already be adjusted. Then you’ll end up applying a fix to an already fixed timestamp, which is not what you want.The second parameter (true) tells the method to log the boundaries of applied changes. Here’s an example of what that log might contain:Time fix-up started at 2021.07.19 00:30:00 2021.07.19 00:30:00: 148786 -10800 diff=-3600 2021.11.08 01:50:00: 135918 -7200 OK 2022.03.14 04:30:00: 161085 -10800 diff=-3600 2022.11.07 04:00:00: 165962 -7200 OK 2023.03.13 01:50:00: 168500 -10800 diff=-3600 2023.11.06 01:50:00: 169270 -7200 OK 2024.03.11 01:50:00: 181258 -10800 diff=-3600 2024.11.04 02:30:00: 208469 -7200 OK Each line in the log shows the time and ID of the event where a discrepancy was found, the server time offset at that event, and the difference that needs to be applied to all future timestamps to eliminate the bias in server time at the time of calendar caching.The attached mqh-files (CalendarFilter.mqh, CalendarCache.mqh, QuickSortStructT(Ref).mqh) come with bug fixes and enhancements compared to their original versions from the book.Updates11.11.2024 - small bug fix and updates in CalendarFilter.mqh, CalendarCache.mqh;22.11.2024 - small bug fixes and improvements in CalendarCache.mqh.

2024.11.11

MetaTrader5

Mastering Tick Prices: The Ultimate Indicator for MetaTrader 5

If you're looking to take your trading game to the next level, you should definitely check out this nifty indicator that helps mark extreme highs and lows with clear lines. It utilizes a period input to pinpoint the highest highs and lowest lows for that specified timeframe. What sets this indicator apart is that it goes beyond just analyzing the typical open, high, low, and close (OHLC) prices; it also considers the bid and ask prices from each bar. Plus, you can set a lookback figure to limit the analysis to a specific number of bars. One of the standout features of this indicator is its ability to avoid marking break of structure areas. This means that when the market breaks a previously established higher high or lower low, certain sections of the lines will vanish. As a result, you'll only see lines that represent actual support and resistance areas. You have the option to control this feature through an input setting. If you’d rather see lines on extreme prices as well, you can enable that option, and the indicator will even display sloping lines when the market trends up or down. What’s New in Version 2.0 Optimized to only account for ticks from the current bar, allowing for seamless performance on higher timeframes. Removed unnecessary buffers to streamline functionality.

2024.11.09

MetaTrader5

Mastering the Hammer Indicator in MetaTrader 5

If you’re looking to level up your trading game, the Hammer Indicator might just be the tool you need in your arsenal. This nifty indicator helps you spot key candlestick patterns—specifically those green and red hammers, as well as inverted hammers—on your MetaTrader 5 charts. So, what’s the deal with hammers? A hammer is characterized by a small body and a long lower wick, signaling potential buying pressure that often emerges after a downtrend. On the flip side, the inverted hammer has a long upper wick and can indicate a possible reversal after an uptrend. These formations are like breadcrumbs leading you to potential trading opportunities. The Hammer Indicator does all the heavy lifting by calculating the size and ratio of candlestick wicks and bodies to pinpoint these patterns. You can customize it with three main parameters: MaxRatioShortWick: This sets the maximum ratio for the short wick compared to the whole candlestick, helping you filter out patterns with tiny top wicks. MinRatioLongWick: This defines the minimum ratio for the long wick, ensuring that the patterns detected have significant wick lengths compared to the body. MinCandleSize: This specifies the minimum size of the candlestick to qualify as a hammer or inverted hammer pattern. Once the Hammer Indicator spots a pattern, it’ll flash an arrow on your chart in either green or red, positioned near the highest or lowest price of the candlestick, depending on the direction. The code takes care of creating and positioning these graphical cues, and it cleans up nicely when you decide to remove the indicator. This tool is perfect for traders keen on spotting potential reversals. With customizable parameters, you can tweak it to fit various timeframes and market conditions. It’s a versatile companion that can enhance your trading strategies by providing early visual cues for potential price shifts.

2024.10.31

MetaTrader5

Unlocking the Week: Day of Week and Year Indicators in MetaTrader 5

The WeekDays Indicator is a fantastic tool that displays the Day of the Week, Week of the Year, Day of the Year, or Bar Index right in the Data Window. You can even choose to show this info as labels on your chart if you prefer. As always, the Data Window updates in real-time based on your mouse movements. The name of the day is quickly reflected in the left column, while the right column's content is determined by your settings—specifically, the WholePart and FractionalPart inputs. You can select which information to display: Day Of Week, Week Of Year, Day Of Year, Bar Index, or simply None. WholePart - This lets you choose the number in front of the decimal point; FractionalPart - This lets you choose the number after the decimal point; These two selected properties (integer values) are combined into a single floating-point value for each bar and stored in the indicator buffer. To keep things tidy, this buffer is set to invisible on the chart using the DRAW_NONE style, as its values are synthetic. For example, as shown in the screenshot below, if the day is Tuesday, the buffer displaying Week.DoY (Day Of Year index) shows a value of 44.302. This means it’s the 44th week and the 302nd day of the year. Additionally, you can customize your indicator further. You can choose whether or not to ShowLabels on the chart, select the FontName, FontSize, and FontColor, adjust the Padding from the top/bottom edges, align the text (top/middle/bottom), and even set a RotationAngle if you want a middle alignment. By default, the clrNONE for FontColor will automatically select a color that contrasts with your current chart background.

2024.10.29

MetaTrader4

Mastering the Range Forecast H1 Indicator for MetaTrader 4

If you're diving into the world of trading on MetaTrader 4, one tool you might want to get familiar with is the Range Forecast H1 indicator. This handy indicator shows you the actual range of the hourly candle as a percentage, along with a calculated range based on average statistics. Let’s break it down! Indicator Parameters Here's what you need to know about the various parameters: Averaging Period: This is the timeframe used to calculate the relative range indicator. Number of Bars for Statistics: This defines how many historical bars are used to gather average statistics for a trading instrument. Shifting Start of Statistics Calculation: This determines from which bar to start collecting data, ensuring that recent readings don’t skew the results. Histogram Size: This controls the size of the histogram bars that represent the actual range. Line Size: This adjusts the size of the line that represents the forecasted range. Histogram Color: You can customize the color of the histogram for better visibility. Line Color: Similarly, the color of the forecast line can be adjusted. Interpreting the Indicator Readings Understanding what the indicator tells you is crucial for effective trading: 1. The histogram bars show the actual range of the H1 candle as a percentage (%). 2. The line represents the calculated value of the H1 candle range as a percentage (%), based on the average statistics. Important: This indicator is designed to work exclusively on the H1 chart period, so keep that in mind when you're setting it up!

2024.10.26

MetaTrader5

Unlocking Trading Potential: AutoFibo Indicator for MetaTrader 5

Features: Automatic Fibonacci Levels: This nifty indicator automatically charts Fibonacci retracement lines based on the latest ZigZag peaks and troughs, giving you a clear roadmap of potential reversal zones. Dynamic and Static Fibonacci Options: You have the flexibility to choose between dynamic Fibonacci levels that refresh with every new ZigZag point or static levels that stick to previous significant highs and lows. Customizable Appearance: Tailor the colors, styles, and widths of the Fibonacci lines to fit your charting preferences, ensuring your analysis stands out against various backgrounds. Optimized for MetaTrader 5: Built to leverage MT5's advanced graphical capabilities, this indicator offers a smooth and efficient trading experience. Parameters: ZigZag Settings (ExtDepth, ExtDeviation, ExtBackstep): Modify these settings to adjust how sensitive the ZigZag indicator is to price movements, allowing you to capture more or fewer swings in the market. Dynamic Fibonacci Settings: Personalize the color, line style, and width of the dynamic Fibonacci retracement lines to match your trading style. Static Fibonacci Settings: Adjust the look of the static Fibonacci levels based on the second most recent ZigZag high or low for consistent analysis. How to Use: The AutoFibo indicator is perfect for both trend-following and reversal strategies. By layering Fibonacci levels over the ZigZag pattern, you can easily visualize retracement levels and identify potential entry and exit points. Whether you’re day trading or looking at long-term positions, this tool is versatile enough for any timeframe.

2024.10.25

MetaTrader4

Mastering Candle Size: A Key Indicator for MetaTrader 4

Hey traders! Today, let’s dive into a handy indicator that can really sharpen your analysis on MetaTrader 4: the Candle Size indicator. This tool helps you identify candlesticks that are larger than a size you specify, making it easier to spot significant price movements on your charts. So, how does it work? You have two options for measuring candlestick size: Points: This measures size in points. For those of you trading with a five-digit quote, remember that a point equals 0.00001. Percentages: This option lets you calculate the candlestick size as a percentage. Next, you can decide what values you want to measure. Here’s a quick rundown of your choices: High/Low: This measures the distance between the highest and lowest points of the candlestick. Open/Close: This focuses on the range between the opening and closing prices. Upper Shadow: This captures the size of the upper shadow of the candlestick. Lower Shadow: This measures the size of the lower shadow. Once you've chosen your measurement option, set your desired candlestick size level using the Size Definitions parameter in the indicator. If the indicator spots a candle that meets your criteria, it will mark it on the chart using your chosen method. This feature can be a game-changer for your trading strategy, helping you identify potential trade setups at a glance! Check out the visuals below to see the Candle Size indicator in action:

2024.10.24

MetaTrader5

Enhance Your Trading with a Custom Crosshair Cursor in MetaTrader 5

If you're a trader who loves to analyze multiple timeframes, then a custom crosshair cursor is a game changer for locating those key candles of interest. This nifty tool not only helps you pinpoint your trades but also gives you the option to convert server time into your local time, neatly displayed as a tooltip. Need to reposition the cursor? No problem! Just hold down the [Ctrl] or [Shift] key while moving your mouse over the chart, and you'll effortlessly reposition the custom crosshair. If you want to hide or show the cursor, simply hit the [Esc] key. Latest Update (November 20, 2024) Now, the custom crosshair cursor remembers its hidden/show state, even after restarting the indicator. Here’s a quick rundown of the indicator parameters: Show Local Time: Displays local time as a tooltip for easy reference. Cursor Color: Choose your preferred color for the crosshair cursor. Cursor Name: Synchronizes the same cursor name using the terminal's global variable for consistency. Happy trading!

2024.10.04

MetaTrader5

Unlocking the Perfect Seconds Chart: Your Go-To Indicator for MetaTrader 5

If you're looking to enhance your trading game, the Perfect Seconds Chart indicator for MetaTrader 5 is a must-have tool. This nifty indicator lets you convert minute candles into seconds, giving you a sharper edge in analyzing live data. If you run into any issues, simply remove the following line of code from your OnInit and OnCalculate functions: if (ENUM_MQL_INFO_INTEGER(MQL_TESTER)) { return(INIT_SUCCEEDED); } Here’s what you need to know about the Perfect Seconds Chart: Customizable Timeframes: Choose any number of seconds to close a bar with pinpoint accuracy. Live Data: It works with live OHLC rates, so you won’t miss a beat, even when ticks are scarce. No External DLLs Needed: This indicator runs smoothly on your VPS without any additional external dependencies. Optimized Performance: Fast and efficient code ensures you get real-time results without lag. Crypto Compatibility: Supports all major crypto pairs, including Binance and Kucoin, allowing you to convert Futures live charts into seconds effortlessly. Versatile Symbol Support: Works seamlessly with various symbols, including Gold and Forex pairs. Symbol and Rate Management: Easily delete symbols and rates as needed.

2024.10.04

MetaTrader5

Calculate Your Trade Volume with This Handy Tool for MetaTrader 5

If you're looking to sharpen your trading strategy, you've come to the right place. This tool is designed to help you calculate the lot size based on your risk percentage and stop loss level, making it easier to manage your trades effectively. To get started, just click on the chart to set a virtual stop loss. The tool will automatically calculate the lot size based on the risk percentage you apply. Simple as that! When you're ready to dive into a trade, choose whether you're planning to buy or sell in the input section. This helps you calculate the risk from the ask price for buy positions and from the bid price for sell positions. Keep in mind that a wider stop loss on higher timeframes can increase your risk. That's because the price movement is scaled by a larger number of points in these timeframes. This tool is versatile and should work seamlessly across all types of securities. Remember, the lot size is directly calculated from your input risk percentage and stop loss distance. However, it doesn't consider the maximum tradeable lots allowed on your account, which depends on your account size and leverage. For a clearer picture of your upper limit on lot sizes, be sure to use my max trade volume script.

2024.09.28

MetaTrader5

Master Position Risk with Our Essential Trading Tool for MetaTrader 5

If you're serious about trading, understanding your position risk is crucial. That's where our handy tool for MetaTrader 5 comes into play! Simply click on the chart to set a virtual stop loss, and watch as it calculates your risk in percentage terms, along with the monetary risk based on your specified lot size. In the input section, you can choose between buy or sell, depending on whether you’re calculating risk from the ask price for long positions or the bid price for short positions. Keep in mind, a wider stop loss on higher timeframes can lead to more significant risk since the price movements are scaled by larger increments. This tool is versatile and works seamlessly with all types of securities, making it a must-have for any trader!

2024.09.23

MetaTrader5

Unlocking Trading Potential with the PTB Indicator for MetaTrader 5

Introducing the PTB.mq5 Indicator Overview: The PTB.mq5 indicator is a powerful tool for traders using the MetaTrader 5 platform. This nifty indicator calculates and displays both short-term and long-term high and low levels, along with key Fibonacci retracement levels derived from these extremes. Features: - Short-Term High and Low: This feature computes the highest and lowest prices over a user-defined short length, helping you pinpoint immediate support and resistance levels. - Long-Term High and Low: This functionality calculates the highest and lowest prices over a longer timeframe, giving you insights into broader market trends. - Fibonacci Levels: The indicator also plots essential Fibonacci retracement levels (23.6%, 38.2%, 50%, 61.8%, and 78.6%) based on the long-term high and low. These levels are widely cherished by traders for identifying potential reversal points in the market. Input Parameters: - shortLength: Specify the number of candles to consider for calculating short-term high and low. - longLength: Define the number of candles to consider for calculating long-term high and low. Visual Representation: - The indicator employs distinct colors and widths for the plotted lines:   - Short High: Red (width: 3)   - Short Low: Blue (width: 3)   - Long High: Green (width: 3)   - Long Low: Orange (width: 3)   - Fibonacci Levels:     - 78.6%: Purple (width: 1)     - 23.6%: Aqua (width: 1)     - 38.2%: Yellow (width: 1)     - 61.8%: Brown (width: 1)     - 50%: White (width: 3) Calculation Logic: - The indicator systematically reviews the price data to compute the highest and lowest values for both short and long periods. - It then calculates the Fibonacci levels based on the difference between the long-term high and low.

2024.09.22

MetaTrader5

Streamline Your Trading with ChartObjectsCopyPaste for MetaTrader 5

Hey there, fellow traders! Have you ever found yourself needing to copy and paste graphical objects between different charts? If so, you're not alone! Unfortunately, MetaTrader doesn't offer a straightforward "Copy & Paste" feature for these objects. The closest solution is using templates (tpl-files), but they save the entire chart state—indicators, settings, and all that extra fluff—which is often more than you need. That's where my handy indicator, ChartObjectsCopyPaste.mq5, comes into play. This tool allows you to select and copy graphical objects directly to your clipboard, making it a breeze to paste them onto other charts—no strings attached! This indicator is built on the foundation of another one you might know from the algotrading book: ObjectGroupEdit.mq5. If you're curious about the underlying classes like ObjectMonitor and MapArray, feel free to check them out! To get started, you’ll want to attach the indicator to at least two charts: the source chart where you want to copy objects from, and the target chart where you plan to paste them. While it’s running, the indicator keeps an eye on existing graphical objects and tracks which ones you’ve selected for copying. As with any good copy-and-paste operation, you’ll need to remember a couple of hotkeys: Press Ctrl+Q to copy all selected objects to your Windows clipboard as text. You can open this clipboard content in any text editor—an example is shared below. On your target chart, hit Ctrl+J to paste the objects you've copied. Now, you might be wondering why I chose Ctrl+Q and Ctrl+J. Well, unfortunately, MetaTrader intercepts many common hotkeys, so these two were some of the few available options. Standard hotkeys like Ctrl+C and Ctrl+V just don’t work in this context. If you’re a bit tech-savvy, the source code is available for you to tweak those hotkeys to something else if you prefer! Since this indicator uses system DLLs to access the Windows clipboard, you’ll need to allow DLL imports in the Properties dialog, specifically under the Dependencies tab. Just a heads up: because the Codebase doesn’t allow DLL imports, the clipboard-related code is wrapped in a conditional preprocessor directive. Be sure to uncomment the line: #define DLL_LINK before you compile it. Otherwise, you’ll get alerts when you try to use the hotkeys, but nothing will actually happen! Here are the inputs you can work with: MakeAllSelectable: A flag to make all objects selectable (normally false for objects created programmatically). LogDetails: A flag to output all properties of transferred objects to the log. Keep in mind, the indicator doesn’t verify if the pasted objects match the target chart’s specifications, like symbol, price range, or number of subwindows—that’s up to you! Here’s an example of what the clipboard text looks like with two objects: OBJ_VLINE       H1 Vertical Line 5578   0       0 enum ENUM_OBJECT_PROPERTY_INTEGER 0       OBJPROP_COLOR   55295 1       OBJPROP_STYLE   2 2       OBJPROP_WIDTH   1 3       OBJPROP_BACK    0 4       OBJPROP_SELECTED        1 7       OBJPROP_TYPE    0 8       OBJPROP_TIME    1726739940 10      OBJPROP_SELECTABLE      1 11      OBJPROP_CREATETIME      1726847009 12      OBJPROP_TIMEFRAMES      2097151 200     OBJPROP_LEVELS  0 207     OBJPROP_ZORDER  0 208     OBJPROP_HIDDEN  0 1032    OBJPROP_RAY     1 enum ENUM_OBJECT_PROPERTY_DOUBLE 9       OBJPROP_PRICE   1.11449 enum ENUM_OBJECT_PROPERTY_STRING 5       OBJPROP_NAME    H1 Vertical Line 5578 6       OBJPROP_TEXT     206     OBJPROP_TOOLTIP OBJ_CHANNEL     H1 Equidistant Channel 40885    5       1 enum ENUM_OBJECT_PROPERTY_INTEGER 0       OBJPROP_COLOR   255 1       OBJPROP_STYLE   0 2       OBJPROP_WIDTH   1 3       OBJPROP_BACK    0 4       OBJPROP_SELECTED        1 7       OBJPROP_TYPE    5 8       OBJPROP_TIME    1726758000 8       OBJPROP_TIME.1  1726797600 8       OBJPROP_TIME.2  1726758000 10      OBJPROP_SELECTABLE      1 11      OBJPROP_CREATETIME      1726847883 12      OBJPROP_TIMEFRAMES      2097151 200     OBJPROP_LEVELS  0 207     OBJPROP_ZORDER  0 208     OBJPROP_HIDDEN  0 1003    OBJPROP_RAY_LEFT        0 1004    OBJPROP_RAY_RIGHT       0 1031    OBJPROP_FILL    0 enum ENUM_OBJECT_PROPERTY_DOUBLE 9       OBJPROP_PRICE   -28.113879003558715 9       OBJPROP_PRICE.1  -21.708185053380777 9       OBJPROP_PRICE.2  -48.04270462633452 enum ENUM_OBJECT_PROPERTY_STRING 5       OBJPROP_NAME    H1 Equidistant Channel 40885 6       OBJPROP_TEXT     206     OBJPROP_TOOLTIP And here’s what those objects look like once pasted onto the chart:

2024.09.21

MetaTrader5

Maximize Your Trading with Trendline Alert V1 for MetaTrader 5

Hey traders! If you’re looking to up your game, let me introduce you to the Trendline Alert V1 for MetaTrader 5. This nifty indicator is a game changer when it comes to manual trendline trading. Here’s what you need to know: Manual Trendlines: Make sure to draw both lower and upper trendlines on your chart. This is a must! Price Alerts: The indicator will send you alerts when the price closes above the upper trendline, so you can catch those breakout opportunities. Stay in the Loop: You’ll also get alerts when the price dips below the lower trendline, helping you stay ahead of the game. Full Alerts: The alerts come through loud and clear via email or push notifications, so you won’t miss a beat. Check out the image below for a quick visual on how it works: So, if you’re serious about your trading, give the Trendline Alert V1 a try. It could be just what you need to enhance your trading strategy!

2024.09.18

MetaTrader5

Mastering CounterTrend EMA V1: Your Go-To Indicator for MetaTrader 5

Hey there, fellow traders! If you're looking to up your trading game with MetaTrader 5, let’s talk about the CounterTrend EMA V1 indicator. This nifty tool can really help you spot those crucial trend reversals. First off, you’ll want to set up your chart with the following moving averages: EMA 60 EMA 100 EMA 200 And don’t forget to add the RSI (Relative Strength Index) with a period of 10, setting the levels at 30 and 70. Trust me, this setup is key! Now, here’s how the signal works: For a BUY SIGNAL, you’ll want to see: EMA 60 > EMA 100 and EMA 200 EMA 100 < EMA 200 RSI below 30 This strategy is all about finding those sweet entry points right at the start of a new trend. But remember, always check the larger timeframe to ensure you’re trading in the same direction as the overall trend. It’s all about keeping your odds in your favor! Here’s a sneak peek of what your setup should look like: So, there you have it! Give the CounterTrend EMA V1 a shot, and happy trading!

2024.09.15

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