Technical Indicator - MetaTrader5 (Page 338)

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

The Dual Trix Indicator is a powerful tool for traders using MetaTrader 5. Combining two moving averages, it helps you identify trends and potential reversal points with greater accuracy. Why Use the Dual Trix Indicator? Trend Confirmation: The Dual Trix Indicator helps confirm trends, making it easier to decide when to enter or exit trades. Reversal Signals: By analyzing the crossover points, you can spot potential reversals before they happen. Enhanced Decision Making: With the dual moving averages, you get a clearer picture of market dynamics, reducing the noise that often confuses traders. Whether you're a seasoned trader or just starting out, integrating the Dual Trix Indicator into your trading strategy can enhance your analysis and improve your trading outcomes. Happy trading!

2010.07.21

MetaTrader4

Understanding the Heat Map Indicator for MetaTrader 4: A Trader's Guide

Are you looking to enhance your trading strategy? The Heat Map Indicator for MetaTrader 4 is a powerful tool that can help you identify the most active price zones in the market—those hot spots where significant trading activity occurs. This indicator uses a gradient color scheme to display these zones, ranging from bright red (indicating the least activity) to dark red (indicating the highest activity). The darker the red, the hotter the zone! Now, let’s dive into the settings to make the most of this indicator: Settings: HMPeriod: This defines the number of bars included in the count. Scale: Adjusts the size of each zone for better visualization. NbZone: Set the number of zones (or rectangles) you want to create. If you’re seeing a blue rectangle, it’s a sign to check the availability of historical data for your selected period. Alternatively, try changing the period to see if that resolves the issue. Update: A major bug has been fixed. If you downloaded this indicator before July 24, 2010, make sure to redownload it. The indicator now supports all timeframes. Initialization issues have been resolved. Overall, the Heat Map Indicator is a valuable asset for traders looking to pinpoint critical price zones. By utilizing its settings effectively, you can gain insights that enhance your trading decisions.

2010.07.21

MetaTrader5

Harnessing the Bulls and Bears Power Indicator for MetaTrader 5

Let’s break it down in simple terms. The Bulls and Bears Power indicator is essentially a combination of the Bears Power and Bulls Power indicators. This powerful tool can give you significant insights into market dynamics. As traders, we know that understanding market momentum is key. The Bulls and Bears Power indicator helps you gauge whether bullish or bearish forces are dominating the market at any given time. Using this can enhance your trading strategy by providing clearer entry and exit signals. Why Use the Bulls and Bears Power Indicator? Clarity in Trends: It helps identify the strength of market trends. Better Decision Making: By knowing whether bulls or bears are in control, you can make more informed decisions. Versatile Usage: Works well across different timeframes and assets. Incorporating this indicator into your trading toolkit can provide a competitive edge. So, give it a try on MetaTrader 5 and see how it can enhance your trading experience!

2010.07.20

MetaTrader5

Mastering the Reversal Bar Indicator on MetaTrader 5

When it comes to trading, spotting the right signals can make all the difference. One key signal to keep an eye on is the Reversal Bar indicator. This handy tool gives you a heads-up when there’s a breakthrough in the High or Low of the previous bar, whether it’s in a bullish or bearish direction. Interpreting these signals requires a bit of context. Depending on the market situation, a reversal signal might not always mean what it seems. For instance, a red signal could actually present a fantastic buying opportunity if the overall trend is bullish.

2010.07.20

MetaTrader5

Maximize Your Trading with TimerClosingPeriod v.2 for MetaTrader 5

Hey fellow traders! If you're looking to up your game, check out the latest version of the TimerClosingPeriod indicator, now revamped and better than ever! This tool is a gem for those of you who like to jump in right as a new bar opens. It conveniently shows you how much time is left until the current bar closes. And for those trading on shorter timeframes, it even counts down to the hourly bar completion. As the countdown reaches the final second, you'll hear a sound alert that you can customize in the settings. Don't worry if you prefer silence; you can easily turn off the sound signal. We've also rewritten the CTimer class and added new methods for sound and mouse control to make it even more user-friendly. Just remember, both files of the indicator need to be in the same folder to work seamlessly.

2010.07.20

MetaTrader5

Enhance Your Trading with the Color Parabolic 2 Indicator for MetaTrader 5

If you're looking to spice up your trading strategy, the Color Parabolic 2 indicator for MetaTrader 5 is a fantastic tool. This version adds a splash of color to the classic Parabolic SAR, making it easier to interpret market movements at a glance. The color changes based on the acceleration factor, which can help you make quicker decisions. All the behind-the-scenes calculations are handled within the CParabolic class. Here’s a quick rundown of the main functions you'll be working with: Init(double SARStep, double SARMaximum, const double &high[], const double &low[], int total) - This function initializes the indicator. GetColor() - This retrieves the current color based on the market dynamics. Calc(const double &high[], const double &low[], int i) - This calculates the Parabolic value for the specified bar, ensuring you're always up to date. This code is especially handy for those who are just starting to learn about programming classes in trading. Plus, the colors are defined in this line: #property indicator_color1  Blue,Purple,Indigo,Sienna,SteelBlue,Aqua,SpringGreen,Gold,Yellow,Linen,MintCream Currently, it uses the first 10 colors from the list, but feel free to expand it by adding more colors to suit your trading style.

2010.07.20

MetaTrader5

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

Hey fellow traders! Today, we’re diving into the iStochasticOfOsc indicator, one of the many oscillator-type indicators available in MetaTrader 5. This tool can help you fine-tune your trading strategy and spot potential market reversals. Key Parameters to Customize: Indicator - Choose your indicator type; Volume - Select the volume type; Period_1 - Set your first period; Period_2 - Configure your second period; Period_3 - Define your third period; Price - Choose the price type for analysis; Method - Select your smoothing method; Shift_1 - Adjust shift 1; Shift_2 - Set shift 2; Shift_3 - Define shift 3; Line - Pick the line you want to focus on; StPeriod_K - Configure the Stochastic K period; StPeriod_D - Set the Stochastic D period; StPeriod_S - Define the Stochastic S period; StMethod - Choose the smoothing method for the signal line. Parameters for Each Indicator: AD: Volume; ADX: Period_1; ADXW: Period_1; ATR: Period_1; BEARS: Period_1; BULLS: Period_1; BWMFI: Volume; CCI: Period_1, Price; CHAIKIN: Period_1 (Fast), Period_2 (Slow), Method, Volume; DEMARKER: Period_1; FORCE: Period_1, Method, Volume; GATOR: Period_1, Shift_1 (Jaw), Period_2, Shift_2 (Teeth), Period_3, Shift_3 (Lips), Method, Price; MACD: Period_1 (Fast), Period_2 (Slow), Period_3 (Signal), Price; MFI: Period_1, Volume; MOMENTUM: Period_1, Price; OBV: Volume; OSMA: Period_1 (Fast), Period_2 (Slow), Period_3 (Signal), Price; RSI: Period_1, Price; RVI: Period_1; STDDEV: Period_1, Method, Price; STOCHASTIC: Period_1 (K), Period_2 (D), Period_3 (S), Method, Price; TRIX: Period_1, Price; VOLUMES: Volume; WPR: Period_1. Important Note: The Line parameter can take on various identifiers. For example: For STOCHASTIC and MACD: MAIN and SIGNAL. For ADX and ADXW: ADX_ADX, ADX_PDI, and ADX_MDI. For GATOR: GATOR_UPPER_HISTOGRAM and GATOR_LOWER_HISTOGRAM. For other indicators: MAIN. Keep in mind that some line identifiers may share the same values. When you change the Line value and re-open the indicator properties window, you might see a different Line value. This isn't an error; it just means the alternative identifier is plotted with the same value as previously selected for convenience.The Price parameter also has additional options like CLOSECLOSE and LOWHIGH for the Stochastic, alongside standard values for other indicators.

2010.07.19

MetaTrader5

Mastering iUniMA: The Ultimate Moving Average Indicator for MetaTrader 5

If you’re diving into the world of trading on MetaTrader 5, you’ve probably heard about the Universal Moving Average. This handy tool lets you choose from a variety of moving average types right within your trading terminal. Here’s a quick rundown of what you can expect: Simple Exponential Smoothed Linear Weighted AMA (Adaptive Moving Average) DEMA (Double Exponential Moving Average) FRAMA (Fractal Adaptive Moving Average) TEMA (Triple Exponential Moving Average) VIDYA (Variable Index Dynamic Average) Main Parameters: MAMethod - Choose your MA type MAPeriod - Set your period MAPrice - Select the applied price Additional Parameters: AMAFast - Fast EMA period for AMA AMASlow - Slow EMA period for AMA CMOPeriod - CMO period for VIDYA (note that the order of VIDYA parameters differs from other indicators in the client terminal) Whenever you adjust the MA settings, you’ll see the name of the MA, its period, applied price, and other parameters in a helpful pop-up window. It’s pretty user-friendly once you get the hang of it!

2010.07.19

MetaTrader5

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

Introducing the iMAFan, a vibrant tool that enhances your trading strategy by utilizing Moving Averages in a colorful display. This indicator is perfect for traders looking to visualize trends with flair! Key Parameters of the iMAFan Here’s a rundown of the parameters you can customize to optimize the iMAFan for your trading style: MAMethod: Choose your preferred Moving Average method. MAPrice: Select the price type to apply the Moving Average. PeriodFrom: Set the minimum period for the Moving Average. PeriodStep: Define the step size for the Moving Average period. Count: Specify the number of Moving Averages (max value=512). Colors: Determine the number of colors you want to display (max value=6). Color_1 to Color_6: Customize the colors for your Moving Averages. With the iMAFan, you can add a splash of color to your charts while effectively tracking market trends. Happy trading!

2010.07.19

MetaTrader5

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

If you're looking to enhance your trading strategy, the Heiken Ashi indicator is a powerful tool that can help smooth out price action and give you clearer market signals. This versatile indicator can be displayed as either bars or candles, depending on your preferences. With the Heiken Ashi bars (see Figure 1 below), you can easily visualize trends and reversals. Additionally, you can also plot standard price bars (or candles) that are colored to reflect Heiken Ashi values (see Figure 2 for reference). Figure 1. Heiken Ashi Bars Figure 2. Price Bars Painted as Heiken Ashi Bars Key Parameters: Variant - Choose between Heiken Ashi bars or standard price bars (candles); Type - Select your drawing type: bars or candles; MAPeriod - Set the MA period; MAMethod - Choose the MA method; SmPeriod - Define the smoothing period; SmMethod - Select the smoothing method.

2010.07.19

MetaTrader5

Understanding the Hodrick-Prescott Filter: A Guide for MetaTrader 5 Traders

The Hodrick-Prescott filter is a tool that’s often discussed in macroeconomics, especially when it comes to analyzing real business cycles. Its main function is to help traders separate the cyclical components from the raw data in a time series. One notable feature is that it operates with zero lag, which sounds great but comes with its own set of challenges. A common drawback of zero lag filters like this one is that recent values are recalculated, which can throw off your real-time analysis. I’ve experimented with the Hodrick-Prescott filter for various purposes—like identifying price channels and spotting trend changes. However, in my experience, it hasn’t proven to have significant advantages over other indicators like the EMA, LWMA, or AMA. Interestingly, I’ve noticed that the prices smoothed by this filter seem to align closely with the principal component derived from Principal Component Analysis (PCA). This suggests there could be a mathematical relationship between the Hodrick-Prescott filter and PCA, which might open up new possibilities for its use. While I don’t personally use it, I’d love to hear your thoughts on how you think it could be applied in trading strategies.

2010.07.19

MetaTrader4

Mastering the Universal Ranger Indicator for MetaTrader 4

Hey traders! Today, let’s dive into the Universal Ranger, a handy indicator for MetaTrader 4. This tool is designed to help you analyze market highs and lows from different timeframes, giving you an edge in your trading decisions. Understanding the Universal Ranger The Universal Ranger shows the highest and lowest prices from the last bar on a different timeframe. You can easily adjust both the timeframe and the bar index to fit your trading style. Here’s a quick look at how it works: resi – This variable captures the highest price from the specified timeframe. supi – This one tracks the lowest price from the same timeframe. Here’s a quick code snippet to help you set it up: resi = iHigh(Symbol(), PERIOD_M15, i); supi = iLow(Symbol(), PERIOD_M15, i); Now, if you want to customize it, you can change the timeframe like this: resi = iHigh(Symbol(), tframe, i); supi = iLow(Symbol(), tframe, i); By utilizing the Universal Ranger effectively, you can pinpoint critical price levels that could influence your trading strategy. So, give it a try and see how it can enhance your trading game!

2010.07.19

MetaTrader4

Unlock Trading Success with the Double Dragon Indicator for MetaTrader 4

If you’re looking to gain an edge in your trading strategy, you might want to check out the Double Dragon Indicator for MetaTrader 4. This tool combines the power of two momentum indicators—Momentum 14 and Momentum 36—to help you spot potential trading opportunities. What Makes the Double Dragon Indicator Stand Out? Dual Momentum Analysis: By using both the 14-period and 36-period momentum indicators, traders can get a clearer picture of market trends. Easy Integration: Seamlessly integrate it into your existing MetaTrader 4 setup without a hitch. Visual Clarity: The indicator provides clear signals that make it easier to make informed trading decisions. Whether you’re a seasoned trader or just starting out, the Double Dragon Indicator could be a valuable addition to your trading toolkit. Give it a try and see how it can enhance your trading performance!

2010.07.19

MetaTrader5

Understanding the Moving Average Indicator with Quasi-Digital Filter for MetaTrader 5

Hey there, fellow traders! Today, we're diving into the Moving Average Indicator, specifically the version that utilizes the Quasi-Digital Filter. This tool is a game-changer when it comes to smoothing out price data and identifying trends more clearly. One of the most popular ways to use this indicator is in conjunction with the MACD. By understanding how these two indicators work together, you can significantly enhance your trading strategy. If you're looking to optimize your trading and make more informed decisions, incorporating the Moving Average Indicator with the Quasi-Digital Filter into your toolkit is a smart move. Happy trading!

2010.07.16

MetaTrader4

Big Times Indicator: A Game-Changer for MetaTrader 4 Traders

Description: The Big Times indicator is a powerful tool that highlights the positive difference between the High and Low of a given period. This can be a real eye-opener for traders looking to gauge market volatility. Keep an eye out for sudden price shifts, as these can signal potential trend reversals. It’s a handy way to get ahead of the curve! Happy Trading! Image:

2010.07.15

MetaTrader5

iS7N_TREND: A Versatile Trend Indicator for MetaTrader 5

If you're looking to enhance your trading strategy, the iS7N_TREND indicator for MetaTrader 5 might just be what you need. This nifty tool features a two-color (or two-mode) trend system, allowing you to customize your trading experience. You can easily adjust the number of bars calculated, giving you the flexibility to analyze trends over different timeframes. Plus, you have the option to choose between one or two color modes for your trend signals. Whether you're identifying an uptrend or downtrend, you can select the colors that work best for you. And it doesn’t stop there! The number of bars plotted can also be tailored to fit your unique trading style. This customization can help you spot opportunities more effectively and make informed decisions.

2010.07.15

MetaTrader5

Mastering BB 3sigma: The Ultimate Bollinger Bands Indicator for MetaTrader 5

Bollinger Bands +-3sigma is a powerful tool for traders looking to enhance their market analysis. One of the great features of this indicator is the ability to adjust the period and sigma ratio, typically set between 0.5 and 1.0 for optimal performance. The Bollinger Bands (BB) indicator functions similarly to the Envelopes. However, the key difference lies in how they’re calculated. While Envelopes are plotted at a fixed percentage away from the moving average, Bollinger Bands take a more dynamic approach by plotting bands a certain number of standard deviations away. This means that the bands adapt to market volatility. When things heat up and the market gets volatile, the bands expand, while they contract during calmer periods.

2010.07.15

MetaTrader4

Unlocking Trading Insights with the Average Change Indicator for MetaTrader 4

If you're diving into the world of trading, you might want to get familiar with the Average Change indicator. This handy tool is designed to reflect recent price fluctuations, giving you a clearer picture of market dynamics. By utilizing this indicator, you can extract valuable trading signals that help you make informed decisions. It’s all about catching those price movements before they pass you by! So, give it a spin and see how it can enhance your trading strategy! Happy trading!

2010.07.14

MetaTrader4

Unlocking Trading Success with the Pivot Multi Time Indicator for MetaTrader 4

As traders, we're always on the lookout for tools that can give us an edge in the market. Today, let’s dive into the Pivot Multi Time Indicator for MetaTrader 4, a must-have for anyone looking to enhance their trading strategy. About the Author: Diego Alonso Vallejo Duque What is the Pivot Multi Time Indicator? This nifty indicator helps you visualize key levels in the market by displaying two resistance levels, two support levels, and a pivot point, all calculated using traditional methods. Understanding these levels can be a game-changer for your trading decisions. How It Works: The Last variable indicates the most recent bar you want to analyze, while the Time variable allows you to choose longer periods for a broader perspective. Here are the options available: 1 - 1 minute 2 - 5 minutes 3 - 15 minutes 4 - 30 minutes 5 - 1 hour 6 - 4 hours 7 - 1 day 8 - 1 week Visual Aid: By utilizing the Pivot Multi Time Indicator, you can make more informed trading decisions, helping you to navigate the markets with confidence. Whether you’re a newbie or a seasoned trader, this tool can enhance your strategy and improve your outcomes.

2010.07.13

MetaTrader5

Boost Your Trading with Weighted Nearest Neighbor Price Predictions

If you're diving into the world of trading, you may have come across the classic Nearest Neighbor algorithm. While it's a solid starting point, it has one major flaw: it treats all historical prices equally. This means that older prices are given the same weight as newer ones when predicting future trends. To tackle this issue, we've got an updated version of the nearest neighbor indicator that focuses on giving more importance to recent prices while identifying past patterns. This enhanced indicator employs a weighted correlation coefficient, where the weight decreases linearly from the most recent to older prices within a price pattern. This way, you get a more accurate picture of how the latest trends can influence future price movements. Here’s a quick rundown of the input parameters for the indicator: Npast - the number of past bars in a pattern; Nfut - the number of future bars in a pattern (this must be less than Npast). The indicator visualizes its predictions with two distinct curves: a blue curve representing past prices of the nearest neighbor, and a red curve showing the anticipated future prices of the same pattern. The scaling of the nearest neighbor is based on the linear regression slope between the historical pattern and the current one. Plus, it displays key information, such as the starting date of the nearest neighbor and its correlation coefficient with the present pattern. For instance: 2010.07.09 11:37:10 Nearest Neighbor - weighted corr (EURUSD,H1) Nearest neighbor starts on 2003.02.21 13:00:00 and ends on 2003.03.12 00:00:00. Its correlation coefficient with the current pattern is 0.9521726745708775

2010.07.12