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Rsi Engulfing Bar V2 – indicator MetaTrader 5

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Rsi Engulfing Bar V2 - indicator for MetaTrader 5
RSI Condition:The Relative Strength Index (RSI) for the current period is below a specified low threshold (RsiLow). This indicates oversold conditions. Candlestick Pattern:It checks for a specific candlestick pattern across three consecutive candles: The current candle (1) closes higher than it opens (bullish) The previous candle (2) closes lower than it opens (bearish) The current … Read more

Rsi Ema Engulfing Bar V3 – indicator MetaTrader 5

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Rsi Ema Engulfing Bar V3 - indicator for MetaTrader 5
This MT5 alert is designed to identify potential buying opportunities based on several technical indicators and price action patterns. Here’s how it works: Buy Conditions 1. RSI Condition: The Relative Strength Index (RSI) for the current period is below a specified low threshold (RsiLow). This indicates oversold conditions. 2. Candlestick Pattern: It checks for a … Read more

Simple Code for Detect A “New Bar or New Candle ” Received – EA MetaTrader 5

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Simple Code for Detect A "New Bar or New Candle " Received - expert for MetaTrader 5
This code block detects a New Bar or a New Candle when it has received.  the basic principle of the codes is very simple. First the code stores the Time of the previous bar / Candle. (Then add 60 seconds (equals to 1 min. you can add time as you want) to the Time of … Read more

The “New bar” event handler for the indicators – indicator MetaTrader 5

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The "New bar" event handler for the indicators - indicator for MetaTrader 5
The idea of this approach is described in the “New Bar” Event Handler article. The example of its use in the Expert Advisors is presented in the article. Here you will find the solution for the indicators. Idea is the same: it will allow to perform recalculations only when the new bar has appeared. It’s … Read more

The class of a module of trade signals, on “inner bar breakthrough” in trend direction – library MetaTrader 5

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Description of signals
The MQL5 Wizard provides an opportunity to create a strategy using different modules. For example, the main module can be written by developer, the other modules (money management, trailing stop) can be developed by other programmers. The strategy, implemented in this module is following: when outside bar appears, it checks the fact of the inner … Read more

Murrey Math Lines for the Current Bar – indicator MetaTrader 5

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Murrey Math Lines
Real author: Vladislav Goshkov (VG) The well-known theorist Thomas Henning Murrey is widely known in the world of the modern trading. It was he who adapted the theory of the legendary William Gann making it more understandable. Murrey created his famous math lines on the basis of the Gann’s “Square of Nine” principles. The lines … Read more

X Bar Clear Close Trend – indicator MetaTrader 5

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X Bar Clear Close Trend
To define the trend reversal, the indicator does not use any Moving Averages, or parameters connected with the distance passed by the price. The only criteria is the breakthrough of maximums / minimums of the previous bars. More particularly: reversal upwards is formed, if the current bar closing is higher than high of previous (x-1) … Read more