Indicator

Fibonacci Bollinger Bands (MQL5 Version) – Converted from Pine Script by Rashad – indicator MetaTrader 5

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Fibonacci Bollinger Bands (MQL5 Version) - Converted from Pine Script by Rashad - indicator for MetaTrader 5
This Fibonacci Bollinger Bands indicator is a conversion from Pine Script (by Rashad) to the MQL5 language. It combines the power of Bollinger Bands with Fibonacci levels to help traders identify dynamic support and resistance zones effectively. Features: Automatically calculates Fibonacci levels on Bollinger Bands. Provides a unique perspective for breakout and reversal trades. Fully … Read more

Volume weighted line chart with smoothing – indicator MetaTrader 5

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Volume weighted line chart with smoothing - indicator for MetaTrader 5
A simple indicator to make a smoother line chart while also using tick volume to determine the market direction. The basic idea is to give you the true direction of where the market is moving. When compared to the line chart, you can see that it is ignoring short noisy market movements. Smoothing can be … Read more

Economic Calendar Monitor and Cache for Backtesting on History – indicator MetaTrader 5

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Calendar Monitor in the tester reads events from the cache
To make a long story short: the built-in economic calendar of MetaTrader 5 is not (completely) synchronized with historical quotes. Quotes are marked with timestamps in accordance with the time zones that were in effect on the server at the moment of formation of each corresponding bar. Once the bars are formed they remain unchanged, … Read more

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