Indicator

Extreme highs and lows with tick prices – indicator MetaTrader 5

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Extreme highs and lows with tick prices - indicator for MetaTrader 5
An indicator to mark extremums with lines. A period input is used to determine highest highs and lowest lows for that period. In this indicator, it’s not only highs and lows (OHLC) which are used in the analysis, but also bid and ask prices from each bar. A lookback figure is used to limit the … Read more

Hammer Indicator – indicator MetaTrader 5

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Hammer Indicator - indicator for MetaTrader 5
The Hammer Indicator identifies key candlestick formations, specifically green and red hammers as well as inverted hammers, on a MetaTrader 5 chart. It is designed to highlight potential reversal points in price by analyzing the candlestick structure on each bar. A hammer is generally characterized by a small body and a long lower wick, indicating … Read more

Day Of Week, Week Of Year and other marks in Data Window and on chart – indicator MetaTrader 5

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Day Of Week, Week Of Year and other marks in Data Window and on chart - indicator for MetaTrader 5
The indicator WeekDays displays Day Of Week, Week Of Year, Day Of Year or Bar Index in the Data Window, and optionally in labels on the chart. As usual, the information in the Data Window is updated dynamically according to mouse movements: the name of the day is always promptly updated in the left column, … Read more

AutoFibo indicator of two last swings based on ZigZag for MT5 – indicator MetaTrader 5

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AutoFibo indicator of two last swings based on ZigZag for MT5 - indicator for MetaTrader 5
Features: Automatic Fibonacci Levels: The indicator dynamically draws Fibonacci retracement lines based on recent ZigZag highs and lows, giving a clear view of potential reversal points. Dynamic and Static Fibonacci Options: Users can choose between dynamic and static Fibonacci retracement levels. The dynamic levels update continuously based on the latest ZigZag points, while the static … Read more

Range Forecast H1 – indicator MetaTrader 4

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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

Sample pine script stochastic divergence converted to MQL5 – indicator MetaTrader 5

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Sample pine script stochastic divergence converted to MQL5 - indicator for MetaTrader 5
The purpose of this code is to convey an idea to people seeking simple and functional approach to converting pine script to MQL5. Here is the pine script code: //@version=5 indicator(title=’sample stochastic divergence’, overlay=true) stoch_len = input.int(title=’stoch_len’, defval=5) f_top_fractal(_src) =>     _src[4] < _src[2] and _src[3] < _src[2] and _src[2] > _src[1] and        _src[2] > … Read more

Custom crosshair cursor with synchronization – indicator MetaTrader 5

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Custom crosshair cursor with synchronization - indicator for MetaTrader 5
Useful for multi timeframe charts to locate candle of interest.It converts optionally server time to local time shown as tooltip. Press [Ctrl] or [Shift] key while moving mouse on a chart to reposition the custom crosshair cursor. Indicator parameters: Show localtime display localtime as tooltip Cursor colorcolor of crosshair cursor Cursor namesame cursor name will … Read more