Technical Indicator - MetaTrader5 (Page 9)

Mastering the Autoscaling Zigzag Indicator for MetaTrader 5

What is the Autoscaling Zigzag Indicator? The Autoscaling Zigzag is a handy tool that helps traders identify new swing points based on a customizable step size. The beauty of this indicator lies in its sensitivity, which you can easily tweak using a single input called "scale." This adjustment controls how responsive the indicator is to price changes, allowing you to fine-tune it to fit your trading style. Understanding Step Size The step size is crucial as it sets the minimum price movement needed to change the current wave direction. Think of it as the threshold that must be crossed before we consider a swing direction to have flipped. Unlike the traditional Zigzag indicator, which relies on a "depth" parameter to define how many price bars are necessary for a swing reversal, this one zeroes in on price movement itself. However, the end goal remains the same: to provide you with a clear picture of market swings. How to Use the Autoscaling Zigzag Even though it’s a different approach, the Autoscaling Zigzag behaves similarly to its traditional counterpart. It continues a leg until a new swing is confirmed, making it an excellent tool for swing analysis. Getting Started with the Scale Input The default scale input of 1.0 is tailored for currency pairs. If you’re trading XAUUSD, consider starting with a scale input of 3000 and adjust from there. For BTCUSD, you might want to kick off with a scale input of 25000. For other markets, a little trial and error will help you pinpoint an appropriate starting scale value. Where to Find the Original Indicator This Autoscaling Zigzag is a refined version of an MT4 indicator developed by Evgeniy Chumakov. If you’re interested in checking out the original MT4 version, you can find it here. As you increase the scale value, you’ll notice that the Zigzag becomes more sensitive to price changes, leading to more zigzag points appearing on your chart. This feature can be particularly beneficial for traders looking to capture every swing in volatile markets.

2025.03.03

MetaTrader5

Time To Close v1.01: Your Essential MT5 Indicator for Real-Time Trading

Time To Close MT5 TimeToClose-v1.01 is a must-have chart indicator that provides a real-time countdown to candle close, seamlessly integrating with your chart’s visuals. I aimed to keep it straightforward while ensuring it’s ready to roll right out of the box. Here’s what you can expect: Dynamic Color Adaptation: The text color automatically adjusts based on your chart theme, whether it’s the candle border or body color, keeping everything visually cohesive. Strategy Tester Optimization: Leveraging MQL_VISUAL_MODE detection, this feature disables rendering during non-visual back-tests via the EnableTextInVisualBacktest setting, helping to save on system resources while optimizing your strategies. Multi-Timeframe Support: It automatically tweaks the display format using PeriodSeconds() calculations for all timeframes, from 1-minute up to monthly. Customizable Display: You can tweak settings such as: - TextFirstSeparator/TextSecondSeparator for spacing - FontSize and TextAnchorPoint for positioning - An optional DateTime display through ShowTimeDate parameter, which is off by default. This indicator utilizes EventSetMillisecondTimer(1000) for precise 1-second updates while keeping CPU usage low through OnCalculate() optimizations. Visual elements are automatically cleared during EA shutdown and refreshed when you change parameters. How to Get Started: Download the indicator. Compile it in MetaEditor5. Run it and watch the magic happen! Example in Black and White: Colour Example: If you come across any bugs or have ideas for optimization, or simply find this tool helpful, I’d love to hear from you. Happy trading!

2025.03.01

MetaTrader4

Understanding ATR-Adjusted Rate of Change (ROC) for MetaTrader 4

Hey fellow traders! Today, we're diving into a handy tool that can help you keep your finger on the pulse of market momentum—the Rate of Change (ROC) indicator. This MQL4 indicator does the heavy lifting by calculating and plotting ROC in two distinct ways: 1. Percentage-Based ROC In this version, we express the price change as a percentage of the closing price n periods ago. This approach is fantastic for spotting shifts in momentum across various symbols, giving you that edge in your trading strategies. 2. ATR-Adjusted ROC This variant takes things a step further by normalizing the ROC through division by the Average True Range (ATR) over the selected period. This normalization helps you compare momentum across different assets while accounting for varying levels of volatility. With this indicator, you can effortlessly visualize price momentum, whether or not you’re factoring in volatility. It’s a versatile tool that caters to a variety of trading strategies. Best part? It’s free and open-source!

2025.02.23

MetaTrader5

Mastering the Self-Optimized SMA Indicator for MetaTrader 5

The Algorithm Behind the Indicator This nifty indicator evaluates all Simple Moving Average (SMA) periods from MIN_PERIOD to MAX_PERIOD at each bar. Its mission? To pinpoint which SMA triggered the latest bounce—whether that's an upward or downward movement. If it doesn't find a suitable SMA, the bar remains blank. What’s the Purpose? Essentially, this indicator is designed to help traders spot market momentum. When you observe both the upper and lower lines filled, you're likely looking at a range-bound market scenario. Processing Power Requirements Keep in mind, this indicator requires substantial processing power. If you opt for an overly broad range of SMA periods or switch to more advanced moving average methods, you might find that the indicator responds slowly. However, once it’s up and running, it will only need to refresh the latest bar.

2025.02.21

MetaTrader5

Mastering Intrabar Volume Flow: A Game-Changer for MetaTrader 5

Hey fellow traders! Have you ever wished you could get a clearer picture of volume as it flows in real-time? Well, let me introduce you to the Intrabar Volume Flow indicator for MetaTrader 5. This nifty tool goes beyond the traditional volume histogram bars, delivering a dynamic view of how volume evolves tick by tick. Instead of simply displaying the total volume per bar like standard indicators, the Intrabar Volume Flow indicator shows you the action as it happens. If you see a surge in tick activity, the histogram will reflect that with an upward trend and a larger size. Conversely, if the market is lacking in volume, the peaks will be less pronounced. This gives you a fresh perspective on volume accumulation for each bar, visualizing it in a way that can significantly enhance your trading strategy. Key Benefits of Using Intrabar Volume Flow Real-Time Volume Detection: Instantly spot sudden surges in volume as they occur. Market Microstructure Insights: Track changes in market dynamics with precision. Volume Build-Up Understanding: Gain insights into how volume accumulates during a bar's formation. Absorption and Exhaustion Signals: Identify when volume spikes but price remains stagnant, hinting at potential market reversals. By incorporating the Intrabar Volume Flow indicator into your trading toolkit, you'll be well-equipped to make more informed decisions based on real-time data. So why not give it a try and see how it can elevate your trading game?

2025.02.11

MetaTrader4

Unlock Trading Success with the Trade Assistant MT4 Indicator

Trade Assistant MT4 Indicator is a powerful multi-timeframe tool designed to enhance your trading experience. Built on the foundations of three widely used indicators—the Stochastic Oscillator, RSI (Relative Strength Index), and CCI (Commodity Channel Index)—this indicator provides a comprehensive view of trend directions across various timeframes, including M1, M5, M15, M30, H1, H4, D1, W1, and MN1. No matter which timeframe you attach this indicator to, you'll have a crystal-clear picture of the market trends. Key Features The Trade Assistant can be seamlessly downloaded for both MT4 and MT5 platforms, making it incredibly versatile for traders at all levels. Input Parameters CheckCandle (default = Previous) — This setting determines which candle to check for indicator values, applicable for both display and alerts. PercentK (default = 8) — The number of bars used to calculate the %K line of the Stochastic indicator. PercentD (default = 3) — The number of bars used to calculate the %D line of the Stochastic indicator. Slowing (default = 3) — This value controls the slowing of the Stochastic indicator. RSIP1 (default = 14) — The period for the first RSI (fast). RSIP2 (default = 70) — The period for the second RSI (slow). Enable (default = false/true) — Set this to true to allow the Trade Assistant to calculate and display signals for the specified timeframe. EnableNativeAlerts (default = false) — When set to true, a native MetaTrader popup alert will trigger when a confluence of signals appears for any timeframe. EnableEmailAlerts (default = false) — If true, you'll receive an email notification when a confluence of signals is detected. Ensure your email settings are correctly configured in MetaTrader via Tools -> Options -> Email. EnablePushAlerts (default = false) — Similar to email alerts, this sends a notification to your mobile device when signal confluence occurs. Check your notification settings in MetaTrader via Tools -> Options -> Notifications. Other parameters — Customize symbol codes for trend direction arrows and colors to suit your preferences.

2025.02.04

MetaTrader5

Maximize Your Trading with the Trade Assistant Indicator for MetaTrader 5

Trade Assistant Indicator for MetaTrader 5 is a powerful multi-timeframe tool that integrates three essential indicators: the Stochastic Oscillator, the Relative Strength Index (RSI), and the Commodity Channel Index (CCI). This handy tool lets you see the current trend directions across a wide range of timeframes including M1, M5, M15, M30, H1, H4, D1, W1, and MN1. By using this indicator, you can gain a clearer understanding of trends that matter, no matter which timeframe you choose to focus on. Plus, it's available for both MT4 and MT5, making it a versatile addition to your trading toolkit. Customizable Input Parameters CheckCandle (default = Previous) — Select which candle to check for indicator values, applicable for both display and alerts. PercentK (default = 8) — Sets the period in bars for calculating the %K line of the Stochastic indicator. PercentD (default = 3) — Defines the period in bars for the %D line of the Stochastic indicator. Slowing (default = 3) — Adjusts the value for slowing in the Stochastic indicator. RSIP1 (default = 14) — Sets the period for the first (fast) RSI. RSIP2 (default = 70) — Defines the period for the second (slow) RSI. Enable (default = false/true) — When set to true, the Trade Assistant will calculate and display signals for the chosen timeframe. EnableNativeAlerts (default = false) — If true, a native MetaTrader popup alert will trigger when signals converge across any timeframe. EnableEmailAlerts (default = false) — If true, you'll receive an email when a confluence of signals occurs. Ensure your email settings are configured in MetaTrader under Tools -> Options -> Email. EnablePushAlerts (default = false) — If true, you'll get push notifications when signals converge. Don’t forget to set up your notifications in MetaTrader via Tools -> Options -> Notifications. Other parameters — Customize symbol codes for trend direction arrows and their colors.

2025.02.04

MetaTrader5

Mastering the Portable Moving Average Indicator for MetaTrader 5

If you’re diving into the world of trading and looking for a handy tool to streamline your analysis, the Portable Moving Average indicator for MetaTrader 5 is worth checking out! This indicator simplifies the process of implementing a moving average, making it super easy to integrate into your larger trading projects. It’s designed with beginners in mind, offering a clear, educational code that you can learn from. There are two main versions of this indicator. The first one calculates the moving average from the oldest to the newest data, while the second does the opposite, handling the most recent data first. Both methods have their uses, depending on your trading strategy. The magic happens within a single function call inside the OnCalculate method. While it might seem straightforward, this approach enhances organization and portability, allowing you to easily adapt it to various trading scenarios. Plus, you can apply similar techniques to other MQL indicator functions as well!

2025.02.03

MetaTrader4

Unlocking the Total Power Indicator for Effective Trading on MT4

Total Power Indicator (MT4) — This powerful tool is built on two standard indicators: Bear Power and Bull Power. It tracks how many bullish and bearish bars appear over a specified look-back period. By calculating the proportional index for bulls, bears, and the total (determined by the absolute difference between bulls and bears) for the current bar, we gain a continuous view of the average bear and bull strength over time. This feature addresses a significant drawback of the original Bear/Bull Power indicators by providing a long-term perspective. Originally crafted by Daniel Fernandez of Asirikuy in 2011, the Total Power Indicator also has a version for MT5 available now. Input Parameters Lookback Period (default = 45) — This parameter sets the timeframe the indicator looks back to count the dominant bullish or bearish bars. Power Period (default = 10) — This specifies the period for the original Bear Power and Bull Power indicators. AlertOn100Power (default = false) — Set to true to receive an alert when either Bull or Bear Power hits level 100, signaling a strong overbought/oversold condition that often precedes trend reversals. AlertOnCrossover (default = false) — If true, an alert will trigger when the Bull and Bear Power lines cross each other. EnableNativeAlerts (default = false) — Set to true to use a native MetaTrader popup alert for the above conditions. EnableEmailAlerts (default = false) — Set to true to send an email on alert conditions, ensuring your email settings are configured in MetaTrader via Tools -> Options -> Email. EnablePushAlerts (default = false) — If true, you'll receive push notifications when an alert condition occurs. Make sure notifications are set up in MetaTrader via Tools -> Options -> Notifications. TriggerCandle (default = Previous) — This determines which candle will trigger alerts: Previous (the most recent closed candle) or Current (the ongoing candle). The Total Power Indicator functions like other oscillators: A reliable entry strategy, albeit infrequent, is to wait for either the Bull or Bear line to hit 100 and then consider a reversal trade. The crossover of the Bull and Bear lines can signal trade entries: if the Bull line is above, go long; if the Bear line is on top, go short. Crossover of either the Bull or Bear line with the Total line can provide a conservative exit point from your trades.

2025.02.03

MetaTrader5

Unlocking the Total Power Indicator for MT5: A Trader's Guide

Introducing the Total Power Indicator for MetaTrader 5 — a powerful tool built on two classic indicators: Bear Power and Bull Power. This handy indicator evaluates the number of bullish and bearish bars over a specified look-back period, providing a proportional index for bears, bulls, and the overall market power (calculated as the absolute difference between bullish and bearish activity) for the current bar. By doing so, it offers continuous lines depicting the average bear and bull power, addressing the main downside of the traditional Bear/Bull Power indicators — the absence of long-term insight. Initially developed for MetaTrader 4 by Daniel Fernandez from Asirikuy in 2011, the MT5 version is now at your fingertips! Input Parameters Lookback Period (default = 45) — This is the main period for the indicator, determining how many bars back we look to identify bull or bear dominance. Power Period (default = 10) — This sets the period for the original Bear Power and Bull Power indicators. AlertOn100Power (default = false) — If set to true, you'll receive an alert when either Bull or Bear Power hits level 100, signaling a strong overbought/oversold condition and often hinting at potential trend reversals. AlertOnCrossover (default = false) — Set to true to get alerts when the Bull and Bear Power lines cross. EnableNativeAlerts (default = false) — If activated (set to true), you'll receive a native MetaTrader popup alert for the above two conditions. EnableEmailAlerts (default = false) — When set to true, you'll get an email notification if an alert condition triggers. Just ensure your email settings are configured in MetaTrader under Tools -> Options -> Email. EnablePushAlerts (default = false) — Enable this (set to true) to receive push notifications on your mobile device, provided your settings are configured under Tools -> Options -> Notifications. TriggerCandle (default = Previous) — This determines which candle will issue alerts: Previous for the most recently closed candle, or Current for the ongoing candle. The Total Power Indicator functions like other oscillator indicators: A reliable entry method, although not frequently, is to wait for the Bull or Bear line to hit 100 and then enter a reversal trade. You can also take trades based on the crossover of the Bear and Bull lines. If the Bull line is above, it’s time to go long; if the Bear line is on top, consider going short. The crossover of the Bull or Bear line with the Total line can serve as a conservative exit point for your trades.

2025.02.03

MetaTrader4

Mastering the TD Sequential Ultimate Indicator for MT4

Unlock the Power of the TD Sequential Ultimate Indicator on MetaTrader 4! This nifty tool showcases the complete TD Sequential method crafted by the renowned technical analyst, Tom DeMark. With the TD Sequential Ultimate, you can easily spot Buy and Sell Setups, complete with Setup Perfection arrows, Countdown phases, and even failed attempt counts (yes, those pesky count 13s!). Plus, it highlights TDST Support and Resistance levels to help you navigate the markets more effectively. What sets this indicator apart from the rest? Let's dive into the enhancements that make it a must-have for traders: Input Parameters Calculation MaxBars (default = 1000) — This parameter determines how many bars the TD Sequential will analyze. Setting it to zero means it will check all available bars, but keep in mind that a higher number may slow down the indicator. Display BuySetupColor (default = clrLime) — Customize the color for Buy Setup counts and Perfection arrows. SellSetupColor (default = clrRed) — Choose the color for Sell Setup counts and Perfection arrows. CountdownColor (default = clrOrange) — This sets the color of the Countdown values. FontFace (default = "Verdana") — Select the font for your counts. FontSize (default = 12) — Adjust the size of your counts as needed. ArrowWidth (default = 2) — Define the arrow size for Setup Perfection. PixelDistance (default = 3) — Control the vertical distance between count objects in pixels. Prefix (default = "TDS_") — Set a text prefix for naming your chart objects. Alerts AlertOnSetup (default = false) — Get a notification when a Buy/Sell Setup is completed (when count #9 shows up). AlertOnPerfecting (default = false) — Receive an alert when the Buy/Sell Setup is perfected (an arrow appears). AlertOnCount13 (default = false) — Be notified when Countdown candle #13 pops up. AlertOnSupportResistance (default = false) — Alerts you when a candle closes above resistance or below support. AlertNative (default = false) — If set to true, a native popup alert will appear whenever an alert event occurs. AlertEmail (default = false) — If true, alerts will be sent to your email. Make sure your email is configured correctly in MetaTrader via Tools->Options->Email. AlertNotification (default = false) — If true, you will receive push notifications on your mobile device. Don’t forget to set up the MetaQuotes ID in MetaTrader via Tools->Options->Notifications.

2025.02.03

MetaTrader5

Unlock Trading Success with the TD Sequential Ultimate Indicator for MT5

Discover the Power of TD Sequential Ultimate for MetaTrader 5TD Sequential Ultimate is a game-changer for traders, showcasing all the essential elements of the TD Sequential method developed by the renowned analyst, Tom DeMark. This indicator doesn't just stop at displaying Buy and Sell Setups; it also includes Setup Perfection arrows, Buy and Sell Countdowns, and identifies those tricky failed count 13 attempts, along with TDST Support and Resistance levels. Unlike other versions of the TD Sequential method, this indicator packs a punch with numerous enhancements.Input ParametersCalculationMaxBars (default = 1000) — This setting determines how many bars the TD Sequential will calculate for. If set to zero, the indicator will compute counts for all available bars. Just keep in mind, the higher the number, the slower the indicator will operate.DisplayBuySetupColor (default = clrLime) — The color for Buy Setup counts and Perfection arrows.SellSetupColor (default = clrRed) — The color for Sell Setup counts and Perfection arrows.CountdownColor (default = clrOrange) — The color of the Countdown values.FontFace (default = "Verdana") — The font face used for the counts.FontSize (default = 12) — The font size for counts.ArrowWidth (default = 2) — The width of the arrows for Setup Perfection.PixelDistance (default = 3) — The vertical distance between count objects in pixels.Prefix (default = "TDS_") — The text prefix for naming your chart objects.AlertsAlertOnSetup (default = false) — This option triggers an alert when a Buy/Sell Setup is completed (when count #9 appears).AlertOnPerfecting (default = false) — Get alerted when a Buy/Sell Setup is perfected (an arrow shows up).AlertOnCount13 (default = false) — Receive a notification when Countdown candle #13 is printed.AlertOnSupportResistance (default = false) — Alerts you when a candle closes above resistance or below support.AlertNative (default = false) — If set to true, a native popup alert will appear for every alert event.AlertEmail (default = false) — If set to true, alerts will be sent via email. Make sure your email is correctly set up in MetaTrader via Tools -> Options -> Email.AlertNotification (default = false) — If true, alerts will be pushed to your mobile device. You'll need to have your MetaQuotes ID configured in MetaTrader via Tools -> Options -> Notifications.

2025.02.03

MetaTrader5

Mastering the Coppock Indicator for MT5: Your Guide to Long-Term Trading

Understanding the Coppock Indicator for MetaTrader 5 – The Coppock indicator, designed by Edward Coppock back in 1962, is a well-known tool that helps traders identify long-term buy and sell signals. While it’s traditionally used for buying opportunities, it can also signal potential sell points. The indicator works by calculating a weighted moving average (with a period of 10) of the combined rates of change (with periods of 14 and 11). The version available for MetaTrader allows you to tweak the basic parameters to suit your trading style, and you can use it on both MT4 and MT5 platforms. Input Parameters You Need to Know ROC1Period (default = 14) – This is the period for the first Rate of Change in the sum. ROC2Period (default = 11) – This is the period for the second Rate of Change in the sum. MAPeriod (default = 10) – This is the period for the Moving Average of the sum. MAType (only in MT4) (default = 3 (WMA)) – This specifies the method of the Moving Average of the sum; it's best to leave this as is. When trading with the Coppock indicator, your main strategy should be straightforward: buy when the curve begins to rise from a trough below zero, and sell when it starts to fall from a peak above zero. Remember to ignore the smaller tops and troughs that don’t stand out compared to the surrounding data. This tool is designed to help you catch trends early on, but don’t expect to nail the absolute highs and lows every time.

2025.02.03

MetaTrader4

Mastering Support and Resistance with MT4: Your Essential Trading Indicator

Support and Resistance Indicator for MetaTrader — as the name implies, this handy tool displays critical support and resistance levels right on your trading chart. It’s a real game-changer when you’re setting up your stop-loss or take-profit levels, or when you’re eyeing your next market target. This indicator leverages the standard Fractals indicator from Bill Williams' methodology and comes with no adjustable input parameters. It’s compatible with both MetaTrader 4 and 5. Input Parameters EnableNativeAlerts (default = false) — when set to true, a native MetaTrader popup alert will notify you when the price closes above or below a support or resistance level. EnableEmailAlerts (default = false) — if you toggle this to true, you’ll receive an email alert when the price breaches the support or resistance level. Just make sure your email settings are configured in MetaTrader via Tools->Options->Email. EnablePushAlerts (default = false) — switch this to true for push notifications when the price closes above or below the support or resistance level. Ensure your notifications are set up correctly in MetaTrader under Tools->Options->Notifications. TriggerCandle (default = Previous) — this determines which candle will trigger the alerts: Previous refers to the most recently closed candle, while Current pertains to the candle that’s still forming.

2025.02.03

MetaTrader5

Mastering Support and Resistance with MT5: Your Essential Indicator

Unlocking the Power of the Support and Resistance Indicator for MetaTrader 5 — As the name implies, this handy indicator showcases key support and resistance levels right on your trading chart. It's a game-changer when it comes to setting your stop-loss or take-profit levels, or even pinpointing your next market target. This tool leverages the classic MetaTrader Fractals indicator, based on Bill Williams' methodology, and comes with no adjustable input parameters. You can use it on both MetaTrader 4 and 5. Input Parameters EnableNativeAlerts (default = false) — Set this to true to get a native MetaTrader popup alert when the price crosses above or below your support or resistance levels. EnableEmailAlerts (default = false) — If you turn this on to true, you'll receive an email notification whenever the price breaches the support or resistance levels. Be sure your email settings are configured in MetaTrader via Tools -> Options -> Email. EnablePushAlerts (default = false) — Similar to email alerts, if you set this to true, you'll get a push notification when the price crosses these levels. Make sure your notifications are properly set up in MetaTrader under Tools -> Options -> Notifications. TriggerCandle (default = Previous) — This parameter lets you choose which candle to base your alerts on: Previous for the most recently closed candle or Current for the ongoing candle.

2025.02.03

MetaTrader4

Maximize Your Trading with the Schaff Trend Cycle Indicator for MT4

Schaff Trend Cycle Indicator for MetaTrader 4 — This cyclical oscillator is designed to help you navigate the market by calculating a stochastic over stochastic on top of a MACD line. What sets it apart is its smooth performance during trends, allowing for quick reactions to market changes. Developed by Doug Schaff, this nifty tool gained popularity after its algorithm was made public in 2008. The Schaff Trend Cycle integrates two distinct methods for spotting trend direction changes — the MACD and a smoothed stochastic oscillator. Its values range from 0 to 100, with key trigger levels at 25 and 75. Plus, you can set up alerts to keep you in the loop. You can easily download this indicator for MT4 and MT5. Input Parameters Main Settings MAShort (default = 23) — This is the period for the fast moving average used in the MACD line calculation. It should be less than MALong. MALong (default = 50) — This is the period for the slow moving average in the MACD line calculation. It needs to be greater than MAShort. Cycle (default = 10) — This indicates the length of the cycle in chart periods. Note that the resulting cycle length is double since two stochastics are calculated in sequence. Alerts ShowArrows (default = false) — If set to true, this will draw arrows above or below the respective bars where a signal is generated. UpColor (default = clrBlue) — This defines the color of the bullish signal arrow. DownColor (default = clrRed) — This sets the color for the bearish signal arrow. ShowAlerts (default = false) — If set to true, a display alert will pop up when a signal is generated. SoundAlerts (default = false) — If set to true, you'll hear a sound alert when a signal is triggered. EmailAlerts (default = false) — If set to true, you'll receive an email alert when a signal is generated. PushAlerts (default = false) — If set to true, a push notification alert will be sent right to your device when a signal is generated. Trading Strategy The simplest way to use the Schaff Trend Cycle in your trading is to sell when the line dips below 75 and buy when it climbs above 25. To filter out some less reliable signals, Doug Schaff suggests an additional method: for a buy signal, the bar following the trigger bar should close above the high of the trigger bar; for a sell signal, the bar following the trigger bar should close below the low of the trigger bar. Remember, the trigger bar is formed when the Schaff Trend Cycle crosses above 25 or drops below 75.

2025.02.02

MetaTrader5

Mastering the Schaff Trend Cycle Indicator for MT5

Schaff Trend Cycle (MT5 Indicator) — This unique cyclical oscillator is designed to enhance your trading strategy. Created by Doug Schaff, it operates by calculating the stochastic over a MACD line, effectively smoothing out the noise during trends and responding quickly to market changes. Schaff introduced this innovative approach back in 2008, based on the idea that currency trends move in cycles of acceleration and deceleration. The indicator values range from 0 to 100, with two main trigger levels set at 25 and 75. Plus, it comes with optional alerts, making it a handy tool for traders. Input Parameters Main Settings MAShort (default = 23) — This is the period for the fast moving average used in the MACD calculation. Remember, it should be shorter than MALong. MALong (default = 50) — This represents the period for the slow moving average in the MACD calculation. It should be longer than MAShort. Cycle (default = 10) — This indicates the length of the cycle in chart periods. Note that the effective cycle length is double because it calculates two stochastics in sequence. Alerts ShowArrows (default = false) — Set to true if you want arrows to appear above or below the bars where signals are generated. UpColor (default = clrBlue) — This specifies the color of the bullish signal arrow. DownColor (default = clrRed) — This determines the color of the bearish signal arrow. ShowAlerts (default = false) — If set to true, a display alert will pop up when a signal is generated. SoundAlerts (default = false) — Set this to true to have a sound alert when a signal is triggered. EmailAlerts (default = false) — If enabled with true, an email alert will be dispatched upon signal generation. PushAlerts (default = false) — This sends a push notification when a signal is generated, if set to true. Trading Strategy The easiest way to utilize the Schaff Trend Cycle in your trading is straightforward: sell when the line dips below 75 and buy when it climbs above 25. However, to refine your signals and reduce false positives, Doug Schaff suggests a more nuanced approach: for a buy signal, the bar following the trigger bar (the one that crosses above 25) should close higher than the trigger bar’s high. Conversely, for a sell signal, the next bar should close lower than the trigger bar’s low. This method provides a more reliable confirmation of trend direction.

2025.02.02

MetaTrader4

Unlocking Trading Success: The RSIOMA Indicator for MetaTrader 4

RSIOMA Indicator for MetaTrader 4 — If you're looking to enhance your trading strategy, the RSIOMA indicator might just be the tool you need. This clever indicator combines two moving averages, computes the RSI (Relative Strength Index), and adds a moving average of that RSI. What you get is a powerful visual tool that accurately signals trend changes. You'll see these lines in a separate window, ranging from 0 to 100, allowing for a clear understanding of market movements. Plus, there's an auxiliary histogram that gives you a quick snapshot of the current trend. Good news for traders: this indicator works seamlessly with both the MT4 and MT5 versions of the MetaTrader platform. Input Parameters RSIOMA Period (default = 14) — This sets the period for both the RSI and the moving averages used in the calculation. Want smoother signals? Increase the period. Prefer more frequent signals? Decrease it. RSIOMA Mode (default = MODE_EMA) — Choose the method of moving averages used for the RSI calculations. RSIOMA Price (default = PRICE_CLOSE) — This determines the price levels used for the moving averages that feed into the RSI. MA of RSIOMA Period (default = 21) — This sets the period for the moving average of the RSI itself. MA of RSIOMA Mode (default = MODE_EMA) — Select the mode for the moving average of the RSI. BuyTrigger (default = 20) — This is your oversold trigger level, signaling potential buying opportunities. SellTrigger (default = 80) — This sets the overbought trigger level, indicating when to consider selling. BuyTriggerColor (default = clrMagenta) — The color for the oversold line, making it easy to spot. SellTriggerColor (default = clrDodgerBlue) — The color for the overbought line, helping you visualize market conditions. MainTrendLong (default = 50) — If the RSIOMA is above this level, the trend is bullish. MainTrendShort (default = 50) — If the RSIOMA is below this level, the trend is bearish. MainTrendLongColor (default = clrRed) — This color indicates a bullish trend separator. MainTrendShortColor (default = clrGreen) — This color signifies a bearish trend separator. MainAlerts (default = false) — Set to true to receive alerts when the RSIOMA crosses overbought or oversold levels. AuxiliaryAlerts (default = false) — Enable this to get alerts when the histogram signals a potential trend reversal. EnableNativeAlerts (default = false) — If set to true, you'll receive native MetaTrader popup alerts for the above conditions. EnableEmailAlerts (default = false) — This sends an email alert when conditions are met, assuming your MetaTrader email settings are configured correctly via Tools -> Options -> Email. EnablePushAlerts (default = false) — If enabled, you'll receive push notifications on your mobile device for alert conditions, provided you've set up notifications in Tools -> Options -> Notifications. TriggerCandle (default = Previous) — Choose whether alerts are based on the most recently closed candle or the current, still-forming candle.

2025.02.02

MetaTrader5

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

Unlock the Power of the RSIOMA Indicator in MetaTrader 5 — The RSIOMA indicator is a nifty tool that combines two moving averages, calculates their RSI (Relative Strength Index), and then adds a moving average of that RSI. This setup gives you a clear view of trend changes, displayed in a separate window that ranges from 0 to 100. Plus, there's an auxiliary histogram for a quick snapshot of the current trend. Whether you’re on MT4 or MT5, this indicator is a must-have! Input Parameters You Need to Know RSIOMA Period (default = 14) — This is the period for both the RSI and the moving averages. If you want smoother signals, increase this value; if you prefer more frequent signals, decrease it. RSIOMA Mode (default = MODE_EMA) — This sets the type of moving averages for the RSI calculation. RSIOMA Price (default = PRICE_CLOSE) — The price levels used to compute the moving averages for the RSI. MA of RSIOMA Period (default = 21) — This defines the period of the moving average of the RSI itself. MA of RSIOMA Mode (default = MODE_EMA) — The type of moving average applied to the RSI. BuyTrigger (default = 20) — This is the oversold threshold level. SellTrigger (default = 80) — The overbought threshold level. BuyTriggerColor (default = clrMagenta) — The color for the oversold line. SellTriggerColor (default = clrDodgerBlue) — The color for the overbought line. MainTrendLong (default = 50) — If the RSIOMA is above this level, you're looking at a bullish trend. MainTrendShort (default = 50) — If the RSIOMA is below this level, it indicates a bearish trend. MainTrendLongColor (default = clrRed) — The bullish trend separator color. MainTrendShortColor (default = clrGreen) — The bearish trend separator color. MainAlerts (default = false) — Set to true if you want an alert when the RSIOMA crosses into overbought or oversold territory. AuxiliaryAlerts (default = false) — Set to true for alerts when the histogram indicates a potential trend reversal. EnableNativeAlerts (default = false) — Set to true to enable native MetaTrader popup alerts for the above conditions. EnableEmailAlerts (default = false) — Set to true to receive email alerts, but make sure you have your email settings configured in MetaTrader under Tools->Options->Email. EnablePushAlerts (default = false) — Set to true for push notifications, but ensure your settings are right under Tools->Options->Notifications. TriggerCandle (default = Previous) — This specifies which candle triggers alerts: Previous for the last closed candle, or Current for the ongoing candle.

2025.02.02

MetaTrader4

Mastering Round Levels in MT4: Your Essential Guide

Round Levels Indicator for MetaTrader 4 – This nifty MT4/MT5 tool allows you to visualize round levels and the zones surrounding them, tailored to your trading setup. Utilizing this indicator can significantly enhance your trading strategy by leveraging those psychological support and resistance levels that many traders naturally gravitate towards. Plus, it provides alerts when the price hits either a support or resistance zone, keeping you in the loop! Input Parameters Explained Levels (default = 5) – This sets the number of round levels to be processed in both directions (up and down). Interval (default = 50) – This is the point interval between each round level. For instance, a default of 50 means a level will appear every 50 points. ZoneWidth (default = 10) – This defines the width of the support/resistance zones in points. ColorUp (default = clrFireBrick) – This is the color for the round level zones above the current price. ColorDn (default = clrDarkGreen) – This is the color for the round level zones below the current price. InvertZones (default = false) – When enabled, inverted zones are highlighted outside the boundaries, unlike non-inverted zones. ZonesAsBackground (default = true) – If set to true, round number zones will be displayed behind the chart plot (candlesticks, bars, or lines). DrawLines (default = false) – If this is true, lines will be drawn at the round levels in addition to the zones. LineColor (default = clrDarkGray) – This defines the color of the round level lines. LineWidth (default = 1) – This sets the width of the round level lines. LineStyle (default = STYLE_DASHDOT) – This is the style applied to the round level lines. LinesAsBackground (default = false) – If true, these lines will be drawn behind the chart plot. ShowLineLabels (default = false) – If true, each line will have a label marking its price level. LineLabelColor (default = clrWhite) – This defines the color of the line labels. ObjectPrefix (default = "RoundLevels") – This prefix is added to chart object names. Only change this if there are conflicts with other indicators. EnableNotify (default = false) – If true, the indicator will send notifications when the price (Bid) enters a zone. SendAlert (default = true) – If true and notifications are enabled, the indicator will trigger built-in popup alerts. SendApp (default = false) – If true and notifications are enabled, push-notification alerts will be sent. SendEmail (default = false) – If true and notifications are enabled, email alerts will be sent. AlertDelay (default = 5) – This sets the delay in seconds between consecutive alerts.

2025.02.02