prices

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

Channel based on extreme prices – indicator MetaTrader 5

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Channel based on extreme prices - indicator for MetaTrader 5
The indicator has only one adjustable parameter, which indicates how long the previous channel high and low borders should be shown. Length of levels – the length of channel borders. Fig.1 Channel length set to 1 Fig.2 Channel length set to 2 Fig.3 Channel length set to 3 Fig.4 Channel length set to 4 Fig.5 … Read more

Fractals at Close prices EA – EA MetaTrader 5

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Fractals at Close prices - open sell position
The Expert Advisor trades based on the indicator Fractals at Close prices. Compile the indicator and add it to [data folder]\MQL5\Indicators\. Configuring time interval for trading: Intraday trading (Start trade hour is less than End trade hour) Trading with continuation the next day (Start trade hour is greater than End trade hour) Round-the-clock trading (Start … Read more

Fractals – adjustable period and prices – indicator MetaTrader 4

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Fractals - adjustable period and prices - indicator for MetaTrader 4
One of the “classics” but with a twist – unlike the built in fractals indicator, this one allows you to : adjust the fractals period (the built in fractal indicator is using period 5) chose prices for high and low (might be useful in some cases – in extreme whipsaw market conditions, for example) PS: … Read more

ZigZag Based on Close Prices – indicator MetaTrader 4

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ZigZag Based on Close Prices - indicator for MetaTrader 4
The code is based on indicator ZigZag which is in-built in MT4, developed by MetaQuotes. I have changed it slightly so that it isn’t calculated on highest Highs and lowest Lows, but instead uses highest Close and lowest Close of chart price history. See chart below for differences: ZigZag (red) versus ZigZagClose (yellow). Some differences … Read more