alternative

True MFI (Alternative to the standard MFI) – indicator MetaTrader 5

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Fig.1 The True MFI indicator
The real author: VladMsk Rise or fall in prices is often preceded by increased activity of trading. The True MFI indicator tries to use this factor. The MFI “standard” technical indicator uses price for calculation. As a result it practically coincides with the RSI that makes the MFI indicator rare to use. In the TMFI … Read more

MQL4 OnTrade() Alternative – EA MetaTrader 4

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MQL4 OnTrade() Alternative - expert for MetaTrader 4
Author: Coders’ Guru While discovering the MQL4 New build (610) capabilities I found a very useful even OnTrade() highlighted in MetaEditor. I clicked F1 to see its implementation but unfortunately it’s not supported yet in MQL4. That’s why I created my own Simulator. This code will raise events on these cases: OnOpen: When open a … Read more

CCI alternative – indicator MetaTrader 5

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CCI alternative - indicator for MetaTrader 5
Developed by Donald Lambert and featured in “Commodities” magazine in 1980, the Commodity Channel Index (CCI) is a versatile indicator that can be used to identify a new trend or warn of extreme conditions. Lambert originally developed CCI to identify cyclical turns in commodities, but the indicator can be successfully applied to indices, ETFs, stocks, … Read more