Auto Scale ZigZag – indicator MetaTrader 4

December 18, 2024 by

Auto Scale ZigZag - indicator for MetaTrader 4

ZigZag with automatic step size determination for changing the wave direction.In this version of the zigzag, there is only one configurable parameter – Scale.By default, the Scale parameter is set to 1.0, if you set its value to 0.5, the zigzag will be less sensitive, and if you set, say, Scale = 2.0, the sensitivity … Read more

ZigZag Step Points – indicator MetaTrader 4

December 8, 2024 by

ZigZag Step Points - indicator for MetaTrader 4

Another version of ZigZag, where the step size for changing the direction of the segment is set in price points. This version has additional options to enable: 1. You can display the level lines that correspond to the last extremes (Maximum / Minimum) of the zigzag. 2. Enable displaying the size of the waves in … Read more

BuySellZigZag – indicator MetaTrader 4

December 5, 2024 by

BuySellZigZag - indicator for MetaTrader 4

Double ZigZag draws virtual Buy and Sell levels on the price chart.The TP and SL sizes are set in the settings and the indicator draws two ZigZags: one draws the extremes of the Buy price movement model, the second is similar to the Sell price movement model.The chart also displays horizontal lines of the last … Read more

Range Levels – indicator MetaTrader 4

November 28, 2024 by

Range Levels - indicator for MetaTrader 4

The indicator draws the nearest levels of the specified price range. In the settings, you can choose what to measure the range in, points or percentages.The principle of the indicator: 1. The user specifies the required price range in the settings, 2. The indicator scans the chart, 3. As soon as the difference between the … Read more

PPF – Past Present Future – indicator MetaTrader 4

November 16, 2024 by

PPF - Past Present Future - indicator for MetaTrader 4

The same PNB from Yousufkhodja Sultonov.I took the calculations in order from his file for excel (the file itself is not saved) and transferred the code to mql4.In the code, I signed the lines that correspond to the cells in excel.I will not write much about the indicator, since I am not the author. If … Read more

Range Forecast H1 – indicator MetaTrader 4

October 25, 2024 by

Range Forecast H1 - indicator for MetaTrader 4

The indicator displays the actual range of the hourly candle in percent and the calculated range based on average statistics. Indicator parameters:Averaging Period – averaging period for calculating the relative range indicator.Number Of Bars For Statistics – number of bars in history for collecting average statistics data for a trading instrument.Shifting Start Of Statistics Calculation … Read more

Candle Size – indicator MetaTrader 4

October 24, 2024 by

Candle Size - indicator for MetaTrader 4

The indicator searches for candlesticks on the price chart that are larger than the size specified in the settings and marks them on the chart.You can choose two types of candlestick size measurement (Units of Calculation): Points and Percentages.Points – the size will be calculated in points. (for a five-digit quote, a point = 0.00001 … Read more

Trend Strength Index – indicator MetaTrader 4

September 9, 2024August 6, 2024 by

Trend Strength Index - indicator for MetaTrader 4

The Trend Strength Index indicator measures strength of current trend. Basically it is similiar to a simplified auto regression indicator, because Correlation function calculates the Pearson correlation coefficient between two sets of data: the closing prices and the bar indices over a specified length. This coefficient ranges from -1 to 1, indicating the strength and direction … Read more

DPO – MA modified – indicator MetaTrader 4

September 9, 2024July 15, 2024 by

DPO - MA modified - indicator for MetaTrader 4

MA modified DPO facilitate controlling all parameters of MA (MA period , MA mode , MA applied price) to change required MA curve to horizontal line and can easily used as support or resistance level Calculation: DPO = close – MA (mode, price, DPO_period) Where : DPO – DPO indicator value close – close price of … Read more

Linear Regression Value – indicator MetaTrader 4

September 9, 2024July 4, 2024 by

Linear Regression Value - indicator for MetaTrader 4

This is the metatrader 4 version of the linear regression value indicator Original metatrader 5 version (with detailed description) was posted here : Linear Regression Value please check the original post for more details Linear Regression Value – indicator for MetaTrader 4

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