Indicator

No Loss EA – No Indicator, No Price Action strategy for MetaTrader 4 – EA MetaTrader 4

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No Loss EA - No Indicator, No Price Action strategy for MetaTrader 4 - expert for MetaTrader 4
As most of the indicators available in the market are lagging indicators that provide information after some time. This strategy eliminates the need to rely on indicators, candlestick patterns, chart patterns, or any price action. The EA employs a progressive system that I have been using for the past six months and have backtested for … Read more

pivots calculation based on pine script v4 – indicator MetaTrader 4

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pivots calculation based on pine script v4 - indicator for MetaTrader 4
For MQL5 version please click here. pine script v4 function I/O : pivothigh(source, leftbars, rightbars) → series[float] pivotlow(source, leftbars, rightbars) → series[float] This indicator includes two simple functions to calculate the pivotshigh and pivotslow functions based on pine script. The functions can be used as copy and paste snippet in conversion projects from tradingview platform. Note: The … Read more

wd.Multi_ClockPrice lite! – indicator MetaTrader 5

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wd.Multi_ClockPrice lite! - indicator for MetaTrader 5
The MT5 custom indicator, named “wd.Multi_ClockPrice lite!”, is the lite version of “wd.Multi_ClockPrice”.   “wd.Multi_ClockPrice lite!” is designed to provide a visual representation of the MT5 terminal server time and bid price on the chart. It contains basic features for displaying clock and price information. The clock display using OnTimer() event function, updates the server … Read more

Relative Price Channel – indicator MetaTrader 4

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Relative Price Channel - indicator for MetaTrader 4
MT4 version of original indicator: https://www.mql5.com/en/code/22576Since the MT4 functionality is limited in the methods of drawing indicators, there are no color zones, but their boundaries are in place. Basics: RSI indicator is frequently used in trading decisions coupled with levels checking. Levels are supposed to show if there is overbought or oversold condition. But frequently we … Read more

wd.Range_BB – indicator MetaTrader 5

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wd.Range_BB - indicator for MetaTrader 5
The MT5 custom indicator, named ‘wd.Range_BB,’ is designed to display Bollinger Bands with customized colors and line styles on the chart and calculate the range bandwidth. The range bandwidth is the difference in pips between the upper and lower Bollinger Bands. Here’s how the indicator works:   Bollinger Bands Settings: These parameters allow users to … Read more

Moving Averages-14 different types – indicator MetaTrader 5

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Screen
This is an indicator to calculate 14 types of moving averages based on close price. The calculations are mostly based on pine script libraries.  Types included are:     SMA, EMA, WMA, VWMA,    RMA, DEMA, TEMA, ZLEMA,    HMA, ALMA, LSMA,    SWMA, SMMA, DONCHIAN Moving Averages-14 different types – indicator MetaTrader 5

Candle Fitness – indicator MetaTrader 5

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Candle Fitness - indicator for MetaTrader 5
Candlestick Fitness concept is used in coding HFT Algos based on population optimization algorithms. This simple indicator hides those candles which are unfit e.g. body range (open-close of bear or close-open for bull) is not 75% of upper or lower wick range the percentage of body wick comparison 75% is set by default input parameter … Read more

Candle Gain Candle Loss – indicator MetaTrader 4

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Candle Gain Candle Loss - indicator for MetaTrader 4
The indicator can calculate gain/loss in two modes: plain candlestick Close and Open difference, and as difference between current Close and previous Close. You can set minimum change limits (for pips and percentage), change modes, and you can also control font color of the output numbers. The indicator is available for MT4. Displays the gains … Read more

Voitto Tappio Candle Gain Candle Loss MT5 – indicator MetaTrader 5

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Voitto Tappio Candle Gain Candle Loss MT5 - indicator for MetaTrader 5
Voitto Tappio displays the gains and losses for all candles where the given threshold is surpassed. The values are calculated in points and percentage. The indicator can calculate gain/loss in two modes: plain candlestick Close and Open difference, and as difference between current Close and previous Close. You can set minimum change limits (for pips … Read more