Root Mean Square – indicator MetaTrader 5

September 8, 2024June 20, 2024 by

Root Mean Square - indicator for MetaTrader 5

Was checking if this one exists as a standalone function/indicator and since I did not find it, here it is The RMS (Root Mean Square) value is calculated by squaring the values, taking the average of the squared values, and then taking the square root of the average. This calculation is applicable to a set … Read more

MovingAverages.mqh Part I by Wiliam210 – indicator MetaTrader 5

September 8, 2024June 10, 2024 by

Good morning. If this code malfunctions for whatever reasons, forgetting or MQL5 upgrades, let me know so I can correct it, thank you You can find all my indicator codes in CodeBase or the Marketplace, free or purchasable, by searching for “William210”. What is SimpleMA, ExponentialMA, SmoothedMA, LinearWeightedMA? Smoothing refers to the action of making … Read more

Click on the market chart to create a price alert – indicator MetaTrader 5

September 8, 2024May 11, 2024 by

Click on the market chart to create a price alert - indicator for MetaTrader 5

This an indicator which understands mouse click and keyboard press, and the purpose is to create alerts at the price that the market has not yet reached. It can be very helpful to be alerted when the price crosses a particular value. It can be used to validate theories in a trading system, or alert … Read more

Geometric Moving Average – indicator MetaTrader 5

April 28, 2024 by

Geometric Moving Average - indicator for MetaTrader 5

Quoted from Wikipedia: In mathematics, the geometric mean is a mean or average which indicates a central tendency of a finite set of real numbers by using the product of their values (as opposed to the arithmetic mean which uses their sum). The geometric mean is often used for a set of numbers whose values … Read more

Custom Bollinger Bands – indicator MetaTrader 5

April 28, 2024 by

I developed this indicator to provide an alternative to the standard moving average methods in the MetaTrader 5 Bollinger Bands indicator, which only offer the ‘simple’ method. With my indicator, users have the option to select from additional methods including Exponential, Smoothed, and LinearWeighted. To utilize this indicator, you need to place it in a … Read more

AUTO PIVOTS for MT5 – indicator MetaTrader 5

April 28, 2024 by

AUTO PIVOTS for MT5 - indicator for MetaTrader 5

Pivots are well known price action indicator . #property link ” #property version “1.00” #property indicator_plots 0 #property indicator_chart_window #property strict input color WeeklyColors = Yellow; input color MonthlyColors = Orange; input bool Use_Sunday_Data = true; input bool Daily = true; input bool Daily_SR_Levels = true; input bool Weekly = true; input bool Weekly_SR_Levels = false; input bool … Read more

Manual Backtest Bar Replay Simulator – indicator MetaTrader 5

April 24, 2024 by

Manual Backtest Bar Replay Simulator - indicator for MetaTrader 5

A simple indicator code for learners which may also help you in manual backtest by just moving a vertical line to show hide bars. Add the indicator to chart and Add a Vertical Line object with name “VL” and it will start working on Oncalculate() You can move the line to left or right on … Read more

A BETTER RSI – indicator MetaTrader 5

April 22, 2024 by

A BETTER RSI - indicator for MetaTrader 5

The relative strength index is an age old indicator, that possess incredible edge to this day. The problem though, is its susceptibility to noise from the markets, generating a lot of false signals. This indicator takes the concept of the RSI which is to read and display momentum and refines it to a point, where … Read more

Confluence Detector – indicator MetaTrader 5

April 20, 2024 by

The indicator draws three line plots on the chart. It detects the current period, and you assign two other periods in the input which should compare to the current period. If the price is not moving in the same direction on the other timeframes you selected, the lines will deviate from each other and this … Read more

Dominant Candle – indicator MetaTrader 5

April 11, 2024 by

Dominant Candle - indicator for MetaTrader 5

Dominant Candle is a a two candlestick set where the wicks intersect each other’s body area and body of the candles are either gapped up, gapped down or equal Dominant Candle – indicator MetaTrader 5

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Root Mean Square – indicator MetaTrader 5

MovingAverages.mqh Part I by Wiliam210 – indicator MetaTrader 5

Click on the market chart to create a price alert – indicator MetaTrader 5

Geometric Moving Average – indicator MetaTrader 5

Custom Bollinger Bands – indicator MetaTrader 5

AUTO PIVOTS for MT5 – indicator MetaTrader 5

Manual Backtest Bar Replay Simulator – indicator MetaTrader 5

A BETTER RSI – indicator MetaTrader 5

Confluence Detector – indicator MetaTrader 5

Dominant Candle – indicator MetaTrader 5