Average Directional Movement Index (ADX) – indicator MetaTrader 5

Average Directional Movement Index (ADX) - indicator for MetaTrader 5
Average Directional Movement Index technical indicator (ADX) helps to determine the market trend. It was developed and described in detail by Welles Wilder in his book “New concepts in technical trading systems”. The simplest trading method based on the system of directional movement implies comparison of two direction indicators: the 14-period +DI one and the … Read more

Average Directional Movement Index Wilder – indicator MetaTrader 5

Average Directional Movement Index Wilder - indicator for MetaTrader 5
Average Directional Movement Index Wilder (ADX Wilder) helps to determine if there is a market trend. This technical indicator is constructed as a strict correspondence with the algorithm described by Welles Wilder in his book “New concepts in technical trading systems”. Trading rules of this indicator are described in the Average Directional Movement Index. Calculation: … Read more

The amplitude of price movement statistics – English version – script MetaTrader 4

The amplitude of price movement statistics - English version - script for MetaTrader 4
Original script was posted here: The script stores an output file in the MetaTrader 4\experts\files\ directory. The file name contains the following information: “Symbol_Period—date of the first bar in history–date of the last bar in history.txt”. The amplitude of price movement statistics – English version – script MetaTrader 4

Candle Movement Monitoring – indicator MetaTrader 4

Monitoring the movement of the previous candle.
The red color of the indicator shows that the previous candle is a negative candle and lime color indicates a positive candle. The red color of the numbers on the table “now” indicates that the movement of candle has reached the maximum movement, and lime color indicates that the movement reaches the average candle movement. … Read more

Symbol Movement – indicator MetaTrader 4

Symbol Movement - indicator for MetaTrader 4
This custom indicator will show you 28 pair’s daily candle range, High-Low range, candle bullishness or bearishness from real tick market. So you can understand the overall market situation very short time. You can change the default timeframe from Daily to any period and default candle (bar) number from 0 to any previous number. Also … Read more

Price Movement Degrees – indicator MetaTrader 4

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Forex Indicator Price Movement Degrees with Trend Alerts. This indicator will write value degrees of the latest position of price at the current time frames according to the Daily price movement, and when position and condition of trend status was changed the indicator will give an alerts. Hopefully useful for fellow traders. Price Movement Degrees … Read more

Cercós Chaos vs Movement – indicator MetaTrader 5

Cercós Chaos vs Movement - indicator for MetaTrader 5
Most volume/volatility take into account price volatility to determine if price is moving or not. However, they usually fail to get you out of choppy price action. This indicator was intended to filter those flat periods while also getting you into the beginning of most trends. This indicator works better with lower periods (5-10). If … Read more

Cercós Chaos vs Movement – indicator MetaTrader 4

Cercós Chaos vs Movement - indicator for MetaTrader 4
Most volume/volatility take into account price volatility to determine if price is moving or not. However, they usually fail to get you out of choppy price action. This indicator was intended to filter those flat periods while also getting you into the beginning of most trends. This indicator works better with lower periods (5-10). If … Read more

Percentage of price movement per candle – Simple and Crucial – indicator MetaTrader 5

Percentage of price movement per candle - Simple and Crucial - indicator for MetaTrader 5
Extremely simple indicator, equally extremely crucial and powerful to help traders manage their risk and help EA with automated symbol selection. This indicator uses the ATR to calculate the average price movement per candle, but displays it as a percentage of the price and this facilitates the symbol selection, as far as comparing symbols and … Read more