Technical Indicator

Mastering WPRfix: Your Go-To Indicator for MetaTrader 5

Mastering WPRfix: Your Go-To Indicator for MetaTrader 5

If you're diving into the world of trading on MetaTrader 5, you might want to get acquainted with the WPRfix indicator. It's calculated similarly to the classic Williams’ Percent Range (WPR), but there's a unique twist. Instead of relying on a standard period, this indicator allows you to set a price change interval (in points) as an input parameter. What does this mean for you? Well, the indicator period for each bar is adjusted so that the price interval surpasses your set Range input parameter. Just keep in mind that you'll want this value to exceed the average bar height for the active timeframe you're trading on. This adjustment helps ensure that the indicator provides meaningful signals tailored to your trading style. The values of the WPRfix indicator range from -50 to +50, giving you a solid reference point as you analyze market movements.

Mastering the CCI T3 Indicator for MetaTrader 5: A Trader's Guide

Mastering the CCI T3 Indicator for MetaTrader 5: A Trader's Guide

If you're looking to elevate your trading game, the CCI T3 indicator for MetaTrader 5 is a tool worth considering. This indicator takes the standard Commodity Channel Index (CCI) and smooths it out using the Tilson algorithm. What does this mean for you? It offers a more efficient calculation method by focusing on closing prices, giving you a clearer picture of market trends.Trading Tips:Integrating the CCI T3 into your trading strategy can enhance your decision-making process, especially when used as a signal filter. Here’s how you can interpret its signals:BUY Signal: Look for the histogram to cross above the zero line.SELL Signal: A downward crossing of the histogram through the zero line indicates it's time to sell.By keeping these signals in mind, you can use the CCI T3 to make more informed trading choices and potentially boost your success in the markets.

Mastering the MA Crossover Alert Indicator for MetaTrader 5

Mastering the MA Crossover Alert Indicator for MetaTrader 5

Author: Jason Robinson If you’re looking to simplify your trading strategy, the MA Crossover Alert indicator for MetaTrader 5 might just be what you need. This handy tool features a straightforward arrow semaphore system that alerts you right at the latest close bar. Plus, it has the added bonus of being able to send signals directly to your mailbox. So, what’s the magic behind this indicator? It’s all about the crossing of two moving averages. When these averages cross, it’s like a lightbulb moment for traders, signaling potential buy or sell opportunities. MA Crossover Alert Indicator This indicator can be a game-changer for both new and experienced traders. By simplifying the process of identifying trades, you can spend less time analyzing charts and more time executing profitable strategies. Ready to give it a whirl? With the MA Crossover Alert at your side, you might find your trading journey a little smoother!

Unlock Trading Potential with i-AnyRange Indicator for MetaTrader 5

Unlock Trading Potential with i-AnyRange Indicator for MetaTrader 5

Author: Igor Kim Are you looking to elevate your trading game? Let me introduce you to the i-AnyRange indicator, a fantastic tool for MetaTrader 5 that can help you analyze price ranges throughout the trading day. This intraday indicator works by identifying the minimum and maximum price points within a specified time frame, displaying them as horizontal lines on your chart. It’s a simple yet powerful way to visualize trading ranges, making it a great fit for both breakout and reversal strategies. Here’s a quick rundown of how it works: Set two time points to define your range. The indicator calculates the high and low prices between these points. Horizontal lines are drawn on the chart for easy reference. To customize the i-AnyRange indicator, you can adjust the following parameters: //+----------------------------------------------+ //| Indicator input parameters | //+----------------------------------------------+ input string Time1 = "02:00";    // Temporary point 1 input string Time2 = "07:00";    // Temporary point 2 input uint   nDays = 2;         // Number of days for calculation (0-all) input int    Shift=0; // Horizontal shift of the indicator in bars   i-AnyRange This indicator was initially developed in MQL4 and was published on 13th February 2012.

BrakeExp: A Trend Indicator for MetaTrader 5

BrakeExp: A Trend Indicator for MetaTrader 5

Are you on the lookout for a straightforward yet effective trend indicator? Look no further than BrakeExp. This handy tool is displayed in the form of NRTR and operates similarly to the popular Parabolic SAR, making it a great addition to your trading toolkit.BrakeExpOriginally developed in MQL4, BrakeExp was first introduced to the trading community on mql4.com back on May 10, 2012. While the original publication was in Russian, this indicator has since gained traction among traders worldwide.

Mastering Point and Figure Charts in MetaTrader 5

Mastering Point and Figure Charts in MetaTrader 5

Understanding Point and Figure ChartsIf you're looking to add a robust tool to your trading arsenal, Point and Figure (P&F) charts are worth considering. These charts can help you identify price trends and reversals without the noise of time and volume. Let’s dive into how you can implement this indicator in MetaTrader 5.Key ParametersWhen setting up your Point and Figure charts in MT5, you'll want to pay close attention to the following parameters:Box Size: This determines the minimum price movement required to create a new box on the chart. A smaller box size will provide more detailed information, while a larger box size will filter out minor price fluctuations.Reversal Amount: This indicates how many boxes the price must move in the opposite direction to signal a reversal. Adjusting this can help you manage false signals.By tweaking these settings, you can tailor the P&F chart to suit your trading style and market conditions.Why Use Point and Figure Charts?Point and Figure charts are great for traders who want to focus on price action without getting bogged down by time. They can help you spot trends clearly and make informed trading decisions. So, why not give them a shot in your next trading session?

Mastering the Inter Indicator for MetaTrader 5: A Trader's Guide

Mastering the Inter Indicator for MetaTrader 5: A Trader's Guide

The Inter Indicator was designed to make it easier for traders to get synchronized and normalized data, which is essential for feeding into neural networks. This tool syncs data based on the symbol where it’s installed, making it a handy addition to your trading toolkit. Who knows? You might even discover additional ways to leverage this indicator in your trading strategies! The Inter Indicator can display up to 10 lines (buffers) from various symbols, timeframes, and signals, giving you a comprehensive view of the market. Input Parameters: Instrument: The name of the instrument (symbol) chosen from the list. Variant: The variant for indicator calculation, selected from a list. Timeframe: The specific timeframe for the indicator calculation. Parameter: The key parameter for calculation (period). Available Calculation Variants: NONE: No calculation performed. HLP: Calculated as the ratio of maximums and minimums over the previous “Parameter” bars. Op0_OpN: Calculated as Open[0] - Open[Parameter]. RSI: Standard RSI calculated using the “Parameter” period. Stoch: Regular Stochastic using parameters “Parameter, 3, 3”. Op0_Ma: Open[0] - iMa[0] with the “Parameter” smoothing period. Ma0_Ma1: Ma[0] - Ma[1] with the “Parameter” smoothing period. Time: The “Parameter” represents the time of day (can be 0 or >=1). Each of the ten buffers utilizes similar parameters, giving you flexibility in your analysis. When calculating Op0_OpN, Op0_Ma, and Ma0_Ma1, the indicator normalizes values to a range of -1 to +1 as new data comes in. To ensure accurate calculations, it’s advisable to set the Maximum Bars Calculate parameter to at least double the amount of data you need.

Mastering ATRNorm: The Essential Indicator for MetaTrader 5 Traders

Mastering ATRNorm: The Essential Indicator for MetaTrader 5 Traders

Meet the Creator: Ivan Kornilov Let's dive into ATRNorm, a powerful tool that brings a fresh perspective to the Average True Range (ATR). This indicator not only normalizes the ATR but can also handle tick volume and standard deviation, thanks to its versatile ValueType parameter. ATRNorm is designed specifically to help you spot those pesky flat areas in the market. Originally crafted in MQL4, ATRNorm made its debut on Code Base back on May 10, 2012 (in Russian). To get the most out of this indicator, you'll need to utilize the SmoothAlgorithms.mqh library classes. Make sure to copy these files into your terminal_data_folder/MQL5/Include. For a deeper understanding of how to implement these classes, check out the article titled Averaging Price Series for Intermediate Calculations Without Using Additional Buffers. Indicator Input Parameters: //+----------------------------------------------+ //| Indicator input parameters | //+----------------------------------------------+ input uint period=12; // Indicator period input uint ma=12; // Smoothing period input IndType ValueType=ATR; // Normalized indicator type input uint normLimit=24; // Normalizing period input ENUM_APPLIED_VOLUME VolumeType=VOLUME_TICK; // Volume input int Shift=0; // Horizontal shift of the indicator in bars

Unlock Trading Success with the MACD Elder Impulse Max Indicator for MetaTrader 5

Unlock Trading Success with the MACD Elder Impulse Max Indicator for MetaTrader 5

Author: MaxAgeNT If you're looking to enhance your trading strategy, the MACD Elder Impulse Max indicator for MetaTrader 5 is a fantastic tool to add to your arsenal. This unique indicator employs a MACD histogram with bars that change color based on the Elder Impulse System, making it visually intuitive to identify potential buy and sell signals. This indicator was initially developed in MQL4 and made its debut in the Code Base on May 16, 2012 (originally in Russian). To get the most out of this indicator, ensure you have the SmoothAlgorithms.mqh library classes in the correct directory: terminal_data_folder\MQL5\Include. You can find a comprehensive guide on how to use these classes in the article Averaging Price Series for Intermediate Calculations Without Using Additional Buffers. MACD Elder Impulse Max

BullsBears: A Trend Indicator for MetaTrader 5

BullsBears: A Trend Indicator for MetaTrader 5

Meet the Creators: Zhaslan and Ivan The BullsBears Indicator is a powerful trend indicator presented as a colored cloud that incorporates volume analysis into its calculations. The color of the cloud provides instant insight into the current market trend. Red indicates a bearish market, while green signifies a bullish sentiment. This tool is designed to help traders identify the initial market impulse and gauge its potential duration. This innovative indicator was originally developed in MQL4 and made its debut in the Code Base back on May 21, 2012. To use this indicator, you'll need to include the SmoothAlgorithms.mqh library classes. Just make sure to copy them into your terminal_data_folder/MQL5/Include directory. For a detailed explanation of how to implement these classes, check out the article titled Averaging Price Series for Intermediate Calculations Without Using Additional Buffers. BullsBears

Understanding the MA_NRTR Indicator for MetaTrader 5

Understanding the MA_NRTR Indicator for MetaTrader 5

Author: Ivan Kornilov If you're looking to enhance your trading strategy, the MA_NRTR indicator for MetaTrader 5 might just be the tool you need. This nifty indicator utilizes a channel based on a standard moving average to help you visualize market trends effectively. On your chart, you'll notice that it only displays the channel segment in the direction of the breakout, which serves as a reliable trend indicator. It’s a great way to spot potential trading opportunities! When it comes to executing trades, keep an eye out for the colored circles on the chart. These indicate the moments to make your move, with each color corresponding to a specific trading signal. MA NRTR Indicator This indicator was initially developed in MQL4 and first published in the Code Base on mql4.com back on June 18, 2012. It's been a valuable resource for many traders ever since!

Unlocking the Power of MARSICD: A Comprehensive Guide for MetaTrader 5

Unlocking the Power of MARSICD: A Comprehensive Guide for MetaTrader 5

Author: John Q. Aimsson The MARSICD indicator is a powerful trend tool designed for MetaTrader 5, utilizing two RSI oscillators to give you a clearer picture of market movements. Think of it as a combination of the ADX and MACD indicators, all wrapped up in one neat package on your chart. Originally developed in MQL4, this indicator made its debut back on June 7, 2012, and has been helping traders refine their strategies ever since. You can check out the original code here. To get the most out of MARSICD, you’ll need to incorporate the SmoothAlgorithms.mqh library classes into your setup. Make sure to place them in your terminal data folder under MQL5\Include. If you’re curious about how these classes work, you can dive into the article Averaging Price Series for Intermediate Calculations Without Using Additional Buffers. Input Parameters: //+----------------------------------------------+ //|  Indicator input parameters                 | //+----------------------------------------------+ input Smooth_Method MAMethod=MODE_LWMA; //Smoothing method input uint ARSI_PERIOD=14;              //RSI A period input uint RRSI_PERIOD=14;              //RSI R period input uint AMA_PERIOD=5;                //Signal A period input uint RMA_PERIOD=5;                //Signal R period input uint sMAD_PERIOD=21;              //Signal period for the histogram input uint MPhase=15; //Smoothing parameter MARSICD Indicator in Action

Mastering the Height of the Period Indicator in MetaTrader 5

Mastering the Height of the Period Indicator in MetaTrader 5

Understanding the Height of the Period Indicator If you’re trading with MetaTrader 5, you might have come across the Height of the Period indicator. This useful tool provides insights into price movements, helping you make informed trading decisions. Let’s break down how it works and how you can leverage it to enhance your trading strategy. What is the Height of the Period Indicator? The Height of the Period indicator measures the price range over a specific period. It's essentially the difference between the highest and lowest prices during that timeframe. By keeping an eye on this indicator, you can identify volatility in the market, which is crucial for timing your trades effectively. How to Use the Height of the Period Indicator Identify Trends: A wider height may indicate increased volatility, which can signal a strong trend. Conversely, a narrow height might suggest a period of consolidation. Set Entry and Exit Points: Knowing the price range can help you set more accurate stop-loss and take-profit levels. Combine with Other Indicators: Pairing the Height of the Period with other tools, like moving averages or RSI, can give you a more rounded view of market conditions. Final Thoughts Incorporating the Height of the Period indicator into your trading toolkit can provide valuable insights into market dynamics. Remember, it’s all about understanding the context of the market. Keep experimenting, and you’ll soon find the sweet spot for your trading style!

Understanding the Momentum Color Fill Indicator for MetaTrader 5

Understanding the Momentum Color Fill Indicator for MetaTrader 5

Hey there, traders! Today, let’s dive into the Momentum Color Fill Indicator for MetaTrader 5. This handy tool helps you gauge the price changes of a financial asset over a specific timeframe. In simple terms, momentum is calculated by comparing today’s price to the price from earlier periods. What’s great about this indicator is that it visually represents momentum through color fills. When the momentum is above or below a preset “line level,” the indicator will fill in color, making it easier to spot trends at a glance. You can customize this “line level” to suit your trading strategy, helping you make more informed decisions.

Understanding QEMA: The Quadruple Exponential Moving Average for MetaTrader 5

Understanding QEMA: The Quadruple Exponential Moving Average for MetaTrader 5

Hey traders! Today, we're diving into the QEMA, or Quadruple Exponential Moving Average. This is a powerful tool that can help you analyze market trends and make better trading decisions. QEMA = TEMA + DEMA(y - TEMA) QEMA = 50, EURUSD D1 (A modified version of the original TEMA to create QEMA) The QEMA enhances the traditional TEMA by adding a layer of depth to your analysis. It's particularly useful for smoothing out price data and can help you spot trends more easily. Whether you’re trading Forex or stocks, integrating QEMA into your strategy could give you that edge you’ve been looking for. So, if you're ready to take your trading game to the next level, consider giving the QEMA a shot. It might just become your new best friend in the charts!

Understanding PEMA: The Pentuple Exponential Moving Average for MetaTrader 5

Understanding PEMA: The Pentuple Exponential Moving Average for MetaTrader 5

When it comes to technical analysis, the Pentuple Exponential Moving Average, or PEMA, is a tool that can help traders gain an edge. This indicator smooths out price data to help you spot trends more clearly. PEMA = QEMA + TEMA(y - QEMA) PEMA = 50, EURUSD D1 The beauty of using PEMA lies in its ability to combine the advantages of multiple moving averages into one. This means you get a more responsive indicator that can help you identify potential entry and exit points in the market. Whether you're trading Forex or stocks, integrating PEMA into your strategy could enhance your decision-making process. It's all about finding the right tools to fit your trading style!

Unlocking the GMACD Indicator for MetaTrader 5: A Trader's Guide

Unlocking the GMACD Indicator for MetaTrader 5: A Trader's Guide

Author: GurievEugen The GMACD, or Generalized Moving Average Convergence Divergence, is a handy tool that many traders love to use. While this two-line MACD indicator is a staple on many trading platforms, you won’t find it natively in MetaTrader 5. But fear not, because I’ve got your back! This indicator was first introduced in MQL4 and published on Code Base back on July 2, 2012. If you’re eager to incorporate it into your trading strategy, you’ll need to use classes from the SmoothAlgorithms.mqh library. Be sure to copy this into your terminal_data_directory/MQL5/Include folder to get everything running smoothly. For those who want to dive deeper, there’s a detailed guide available in the article titled Averaging Price Series for Intermediate Calculations Without Using Additional Buffers. It’s a great resource to understand how to effectively use these classes. Input Parameters: //+-----------------------------------+ //| Indicator input parameters      | //+-----------------------------------+ input Smooth_Method XMA_Method=MODE_T3; // Histogram smoothing method input int Fast_XMA = 12; // Fast moving average period input int Slow_XMA = 26; // Slow moving average period input int XPhase= 100;   // Moving averages smoothing parameter input Smooth_Method Signal_Method=MODE_JJMA; // Signal line smoothing method input int Signal_XMA=9; // Signal line period input int Signal_Phase=100; // Signal line parameter input int AppliedPrice=PRICE_CLOSE_; // Price constant Illustration: Fig.1 GMACD Indicator

Mastering the Choppy Market Index for Better Trading Decisions

Mastering the Choppy Market Index for Better Trading Decisions

Author: Daniel Fernandez The Choppy Market Index (CMI) is a handy tool for traders, with values ranging from 0 to 100. A higher CMI value indicates greater market stability, suggesting a stronger trend is likely to follow. Conversely, a lower CMI value points to less probability of a trend emerging. How is it calculated? CMI = ((ABS(Close[0]-Close[n]))/(MaxHigh[n]-MinLow[n]))*100 Here’s a breakdown of the components: ABS - absolute value Close[0] - most recent closing price Close[n] - closing price N bars ago MaxHigh[n] - highest price over the N bars MinLow[n] - lowest price over the N bars Trading Tips: For an Unstable Market: Consider buying when the moving average (blue line) of the CMI is below 40 and the histogram shows red. Look to sell when the moving average is below 40 and the histogram turns green. Close your positions if the CMI histogram rises above 50. For a Trending Market: Buy when the moving average is above 60 and the histogram is green. Sell when the moving average is above 60 and the histogram is red. Close positions when the CMI histogram drops below 50. The Choppy Market Index is a valuable filter in your trend trading strategies, helping you make informed decisions. Happy trading!

Understanding Spread Monitoring in MetaTrader 5: A Trader's Guide

Understanding Spread Monitoring in MetaTrader 5: A Trader's Guide

If you’re trading on MetaTrader 5, you might want to keep an eye on the spread. This handy indicator shows you the minimum (red), average (green), and maximum (blue) spread values as a histogram across the corresponding bars. Monitoring spreads like this is super useful for comparing what different brokers are offering and for digging into how spreads change over time. Knowing the spread can make a big difference in your trading strategy!

Harnessing the Weather Vane Indicator for MetaTrader 5: Trend Analysis Made Easy

Harnessing the Weather Vane Indicator for MetaTrader 5: Trend Analysis Made Easy

The Weather Vane indicator is a handy tool for traders using MetaTrader 5. It calculates the average price for a specific symbol, helping you identify the direction of the trend. This can serve as a valuable signal when deciding to enter a trade. Pro Tips: For the best results, consider using this indicator on the M1 (one-minute) timeframe.

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