Price

Moving Average with alerts on price crossovers – indicator MetaTrader 5

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Moving Average with alerts on price crossovers - indicator for MetaTrader 5
My goal was to make an indicator that triggers signals when the market price cuts the moving average. The moving average period length can be user defined (default is 200 length). The amount of points of price movement above and below the MA to be considered a signal; is also user defined in the inputs. … Read more

Translating mouse click on chart into price value (Helper function) – indicator MetaTrader 5

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Translating mouse click on chart into price value (Helper function) - indicator for MetaTrader 5
This is a helper function to allow you to translate the (x, y) pixel value to the price which you see on the Y-axis, using a click press with OnChartEvent. Translating mouse click on chart into price value (Helper function) – indicator MetaTrader 5

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

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