Technical Indicator

Unlock Trading Success with the MA AO Arrow Indicator for MetaTrader 5

Hey there, fellow traders! If you're looking to sharpen your trading strategy, you've come to the right place. Today, we're diving into the MA AO Arrow indicator for MetaTrader 5, a powerful tool that can give you a competitive edge. Description of the Indicator The MA AO Arrow combines the awesome capabilities of the Awesome Oscillator (iAO) with a Moving Average (iMA) filter. This synergy helps you identify potential trading signals more accurately, enhancing your overall trading experience. Pic. 1. MA AO Arrow Using the MA AO Arrow can help you spot trends and reversals, making it easier to make informed trading decisions. It’s like having a reliable buddy on your trading journey, guiding you with reliable signals! Give it a try and see how it fits into your trading strategy. Happy trading!

2022.06.16

Visualize Market Trends with the Three Candles Indicator for MetaTrader 5

The world of trading is all about making informed decisions, and having the right tools can make a world of difference. One such tool that can enhance your trading strategy is the Three Candles Indicator for MetaTrader 5. What is the Three Candles Indicator? This handy indicator helps you visualize the last three candles from a larger timeframe, giving you a clearer picture of market movements. By displaying these candles, you can better gauge potential price action based on historical data. Using graphical objects like rectangles, the indicator draws the last three candlesticks at their High and Low prices. This visual representation can be crucial for spotting trends and making timely decisions in your trades. Figure 1: Three Candles Indicator in Action Understanding the layout of these candles can give you an edge in your trading strategy. So, if you're looking to refine your approach and make more informed trades, consider adding the Three Candles Indicator to your toolkit!

2022.06.14

Enhance Your Trading Strategy with MA on RMI for MetaTrader 5

Hey fellow traders! Today, I want to dive into an exciting tool that can really sharpen your trading edge: the Moving Average on the Relative Momentum Index (RMI) for MetaTrader 5. What’s the Deal with MA on RMI? So, what’s the buzz about? We've added a smoothed line to the custom indicator, Relative Momentum Index (RMI). This smoothing is accomplished using the iMA function, and it can provide a clearer picture of market dynamics. Figure 1. MA on RMI Incorporating this indicator into your trading strategy can help you identify potential entry and exit points more effectively. Whether you're a scalper or a swing trader, this tool can be a game changer. Why Use MA on RMI? Improved Signals: Smoothing out the RMI can help filter out the noise in the market, giving you clearer signals. Better Timing: This combination can enhance your timing for entering trades. Versatility: Works well across different time frames, making it suitable for various trading styles. Give it a try and see how it fits into your trading routine. Happy trading, and may the pips be ever in your favor!

2022.06.12

Understanding the Two MA Color N Bars Square Indicator for MetaTrader 5

Hey there, fellow traders! Today, let's dive into a handy tool that can help you visualize market trends—the Two MA Color N Bars Square indicator for MetaTrader 5. What This Indicator Does This nifty indicator displays the status of two moving averages as colored squares, making it super easy to identify the current market trend at a glance. Yellow-Green: No clear trend Blue: Upward trend Red: Downward trend Figure 1: Two MA Color N Bars Square Indicator Using this indicator can streamline your decision-making process, as it provides a clear visual representation of market conditions. Whether you're a seasoned trader or just starting, the Two MA Color N Bars Square can be a valuable addition to your toolkit.

2022.06.10

Mastering Directional Volatility & Volume Oscillator for MT5 Trading Success

Are you looking to enhance your trading toolkit? The Directional Volatility & Volume Oscillator is a fantastic indicator that can help you make smarter trading decisions on MetaTrader 5 (MT5). You can download the MT5 version of this indicator here. This powerful tool analyzes market volatility and trading volume, helping you spot potential trends and reversals. By keeping an eye on these two critical aspects, you can fine-tune your entry and exit points, boosting your overall trading performance. Incorporating this indicator into your trading strategy can make a world of difference. So, why not give it a try? Happy trading!

2022.06.09

Mastering the Squeeze Momentum Indicator for MetaTrader 4

If you’re a trader looking to add a powerful tool to your arsenal, the Squeeze Momentum Indicator might just be what you need. This handy indicator, originally crafted by LazyBear for TradingView, has been converted into MQL4 for use on MetaTrader 4, making it accessible to a wider audience. Here’s a quick look at the Squeeze Momentum Indicator in action: This indicator helps you identify potential breakouts by measuring market volatility. When the indicator indicates a squeeze, it means the market is consolidating and a breakout could be on the horizon. It’s like waiting for the perfect moment to strike! Check out another example of the Squeeze Momentum Indicator: With this tool, traders can gain insights into market trends and potential entry or exit points, enhancing their trading strategy. Remember, it’s crucial to incorporate other indicators and analysis for a well-rounded approach. Ready to elevate your trading game? Try implementing the Squeeze Momentum Indicator in your next trading session and see how it can help you make informed decisions.

Understanding Speed and Acceleration with HMA in MetaTrader 4

Hey traders! Today, we're diving into the Speed and Acceleration indicator using the Hull Moving Average (HMA) in MetaTrader 4. While the code might not be perfectly optimized, it’s pretty straightforward once you get the hang of the variable names. You have the option to enable or disable the Hull Method, which allows you to visualize the raw values for speed and acceleration on your charts. This can give you some great insights into market movements! Additionally, you can plot these values in Absolute Values, meaning everything will appear above zero. This can help you gauge the strength of the trends more clearly. If you’re looking to experiment with a usable oscillator, I recommend setting your average period (AVG_PERIOD) to the square of the period (PERIOD * PERIOD). It’s a neat trick that can yield interesting results! Just a heads-up, a bug related to calculation cycles was fixed on September 6, 2022, so make sure you’re using the latest version for the best performance!

Mastering the Triangle Day Indicator for MetaTrader 5

Welcome back, traders! Today, we're diving into a powerful tool for your trading arsenal—the Triangle Day Indicator for MetaTrader 5. This nifty indicator can help you visualize key price levels throughout the trading day. Understanding the Triangle Day Indicator The Triangle Day Indicator creates a dynamic zone between the 'Open', 'High', 'Low', and 'Close' prices on your current chart. It recalibrates as new price data comes in, giving you a fresh perspective on market movements. Figure 1: Triangle Day Indicator in Action This indicator is especially handy for day traders looking to capitalize on intraday price fluctuations. By marking critical levels, it allows you to spot potential support and resistance zones quickly. So, whether you're a seasoned trader or just starting out, integrating the Triangle Day Indicator into your trading strategy can give you that extra edge. Give it a try and see how it enhances your trading experience!

Mastering R-Squared and Linear Regression: Essential Indicators for MetaTrader 4

Hey fellow traders! Today, let's dive into some essential tools that can elevate your trading strategy on MetaTrader 4: R-Squared and Linear Regression. These indicators aren't just buzzwords; they can really sharpen your analysis and help you make informed decisions. Besides their primary functions, these indicators can do a few neat tricks: Slope Slope in degrees Variance Standard Deviation Mean "Fake Graphs" Now, about those "Fake Graphs"—this feature is a game changer when you're coding an Expert Advisor (EA) and testing it out in MT4. The strategy tester doesn’t show real-time data from your indicators, which can be a bit of a hassle. But with this function, you can plot the live data from your indicators right in the main window. Just fill the array with the actual N-values and call the procedure "Fake Graph" to see it all come together. By the way, a quick update: as of 8/6/2022, we've squashed a pesky bug in the graph generation cycle, so you should notice smoother performance.

Understanding the Chicken Knife Indicator for MetaTrader 5

The Chicken Knife indicator is a handy tool for traders using MetaTrader 5, designed to evaluate autocorrelation in price movements.Here's how it works:Values Above 0: These signify a positive autocorrelation in returns, hinting at a strong directional movement. This could indicate the start of a new trend or signal a potential reversal.Values Below 0: When you see negative values, this suggests uncertainty in the market, which might point to the end of trends or reversals.Values Close to 0: These values indicate a market behaving like a random walk, suggesting there’s not much action worth trading on.While the Chicken Knife is a useful indicator, it’s important to remember that it’s best used alongside other tools. It doesn’t provide clear trade direction on its own, but it can offer valuable support in your trading strategy.Wishing you good profits!

2022.06.07

Understanding the MACD Stochastic Square Indicator for MetaTrader 5

Are you looking to sharpen your trading skills? Let’s dive into the MACD Stochastic Square indicator for MetaTrader 5, a handy tool that can give you the edge you need. What is the MACD Stochastic Square? This indicator showcases the status of two popular indicators—MACD and Stochastic—represented as lines within squares. It’s designed to help you visualize the relationship between the signal line of the MACD and the signal line of the Stochastic indicator. Fig. 1: MACD Stochastic Square (indicators displayed in the main window for better visualization) By comparing the positions of these two indicators, you can gain insights into potential trading opportunities. Whether you're trading forex, stocks, or commodities, keeping an eye on these signals can help you make informed decisions. MACD: A trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. Stochastic: A momentum indicator comparing a particular closing price of a security to a range of its prices over a certain period of time. Incorporating the MACD Stochastic Square into your trading strategy can enhance your ability to identify entry and exit points, making your trading journey a lot smoother. So why not give it a try?

2022.06.07

LP_entry: Your Go-To Indicator for MetaTrader 4

If you’re looking to boost your trading game, let me introduce you to the LP_entry indicator for MetaTrader 4. This nifty tool provides clear arrow signals for both upward and downward trends right on your chart, along with insights into the "power of trend" as well as identifying "PEAK" and "EXTREME peak" moments. This indicator operates using a combination of Williams Percentage Range (WPR) and Relative Strength Index (RSI) signals. The arrows only shift on the last bar, making it a reliable option for all timeframes and trading symbols. The fundamental principle is straightforward: ((WPR(4) + 100 + RSI(2))/2) is either < 50 or > 50. Keep in mind, this is my first indicator, so use it wisely and good luck! Additionally, the LP_entry indicator works seamlessly with four other tools on your chart: Bollinger Bands (9, 2, 0), a Clock for timing, FiboPiv_v2 for Fibonacci levels, and PL4 CandleTime for tracking candlestick patterns. Happy trading!

2022.06.03

Understanding VIDYA N Bars Borders: A Key Indicator for MetaTrader 5

When it comes to trading, having the right tools can make all the difference. Today, we're diving into the VIDYA N Bars Borders indicator for MetaTrader 5, a handy tool that can help sharpen your trading strategy. What is the VIDYA N Bars Borders Indicator? This indicator builds upon the iVIDYA (Variable Index Dynamic Average) by incorporating two distinct levels: an upper and a lower border. These levels are set based on the last N bars, allowing for a dynamic view of market trends. Figure 1. VIDYA N Bars Borders How to Use the Indicator The signals generated by the VIDYA N Bars Borders are similar to those of Bollinger Bands, providing traders with an excellent way to identify potential entry and exit points. By monitoring the price action in relation to these borders, you can spot trends and reversals more effectively. Why Choose VIDYA N Bars Borders? Dynamic Levels: The upper and lower borders adjust based on market volatility, helping you stay ahead of the curve. Clear Signals: The similarity to Bollinger Bands makes it easy to interpret signals, whether you're a seasoned pro or just starting out. Enhanced Decision Making: With this tool in your trading arsenal, you're better equipped to make informed decisions. In conclusion, the VIDYA N Bars Borders indicator is a robust addition to any trader’s toolkit on MetaTrader 5. Give it a shot, and see how it can enhance your trading experience!

2022.06.01

Understanding the Candles Ask Indicator for MetaTrader 5

As traders, we’re always on the lookout for tools that can give us an edge. One such tool is the Candles Ask indicator for MetaTrader 5. Let’s break it down together! What is the Candles Ask Indicator? The 'Ask' line in this indicator is derived from the 'Close' price, plus the value from the spread array. Essentially, we’re calculating it using data from the OnCalculate function. int OnCalculate(const int rates_total,                const int prev_calculated,                const datetime &time[],                const double &open[],                const double &high[],                const double &low[],                const double &close[],                const long &tick_volume[],                const long &volume[],                const int &spread[]) Pic. 1. Candles Ask With this indicator, you can gain valuable insights into market movements. Understanding how the 'Ask' price interacts with the 'Close' price can help you make informed trading decisions. So, whether you’re a seasoned trader or just starting out, incorporating the Candles Ask indicator into your trading toolkit can provide a clearer picture of the market landscape!

2022.05.31

Enhance Your Trading with the Two Stochastic Custom Filling Alert for MetaTrader 5

The Concept Behind the Indicator If you're looking to elevate your trading game, the Two Stochastic Custom Filling Alert indicator for MetaTrader 5 is a fantastic tool to have in your arsenal. This indicator features two Stochastic Oscillators—often referred to as 'Fast' and 'Slow'—displayed in one convenient subwindow. The area between the 'Main' lines is visually filled, making it easier to spot potential trade signals at a glance. One of the standout features of this indicator is its customizable level settings, which can be easily adjusted in the input parameters. This flexibility is particularly handy when you're using it in an Expert Advisor or during backtesting in the strategy tester. Plus, it comes equipped with notifications that alert you when the lines cross—whether through sound, alerts, email, or push notifications. Staying informed has never been easier! input group             "Alerts" input string               InpSoundName               = "alert.wav"; // Sound Name input uchar                 InpSoundRepetitions        = 3;           // Repetitions input uchar                 InpSoundPause              = 3           // Pause, in seconds input bool                 InpUseSound                = false       // Use Sound input bool                 InpUseAlert                = true        // Use Alert input bool                 InpUseMail                 = true        // Use Send mail input bool                 InpUseNotification         = true        // Use Send notification Figure 1: Two Stochastic Custom Filling Alert

2022.05.28

Unlock Trading Potential with ScalpX Indicator for MetaTrader 4

If you're looking to enhance your trading strategy, let me introduce you to ScalpX. This nifty indicator utilizes Kalman filters to pinpoint those golden buy and sell opportunities directly on your MetaTrader 4 platform.

2022.05.28

Mastering Market Highs and Lows: Your Go-To Indicator for MetaTrader 4

Hey there, fellow traders! If you’re looking to sharpen your trading skills, understanding market highs and lows is essential. Today, we’re diving into how to utilize this key indicator in MetaTrader 4 to enhance your trading strategy. What are Market Highs and Lows? Market highs and lows are crucial points that indicate the highest and lowest prices during a specific period. These levels can help you gauge market sentiment and identify potential reversal points. Why Use This Indicator? Identify Trends: Recognizing highs and lows can help you determine if the market is in an uptrend or downtrend. Set Entry and Exit Points: By knowing these levels, you can make more informed decisions on when to enter or exit trades. Manage Risk: Highs and lows can serve as support and resistance levels, allowing you to set better stop-loss orders. Now that you understand the importance of market highs and lows, let’s take a look at how to apply this in MetaTrader 4. Setting Up the Indicator 1. Open your MetaTrader 4 platform. 2. Navigate to the 'Insert' menu. 3. Choose 'Indicators' and then select 'Custom'. 4. Find 'Market Highs and Lows' and click 'OK'. 5. Customize the settings to suit your trading style. Once you’ve added the indicator, you’ll start to see the highs and lows plotted on your chart. This visual representation will help you spot key levels at a glance. Final Thoughts Incorporating the market highs and lows indicator into your trading toolkit can significantly enhance your trading decisions. Remember, trading is all about making informed choices, and knowing these critical price points can give you an edge. Happy trading!

2022.05.26

Understanding the Kalman Speed Oscillator for MetaTrader 4

If you're diving into the world of trading indicators, let me introduce you to an interesting experiment: the Kalman Speed Oscillator. This tool leverages the 'speed' of the Kalman filter as a unique indicator. What’s cool about this oscillator is that I’ve added a smooth signal line, which is based on the moving average of the speed. You can even tweak the shift on this line with parameters that allow for positive or negative values. To make things easier for you, the buffers are clearly named so you can easily follow along with what’s being calculated.

2022.05.26