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Average True Range (ATR) – indicator MetaTrader 5

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Average True Range (ATR) - indicator for MetaTrader 5
Average True Range (ATR) is a technical indicator that shows market volatility. It was introduced by Welles Wilder in his book “New concepts in technical trading systems”. This indicator has been used as a component of numerous other indicators and trading systems ever since. Average True Range can often reach a high value at the … Read more

OBTR On Balance True Range Indicator – indicator MetaTrader 4

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OBTR On Balance True Range Indicator - indicator for MetaTrader 4
Tom Bierovic originated the concept of using the range to overcome some of the limitations of the volumes indicator. I searched everywhere for an MT4 version and could not find. Therefore this indicator was born. I have enabled it with many options so that it can be tailored to suit many strategies. It appears to … Read more

SHI Channel true (NB-channel) – indicator MetaTrader 5

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SHI Channel true (NB-channel)
Real author: Shurka & Kevin SHI_Channel_true automatically shows Barishpolts dynamic moving channels on a chart. The main idea is that the indicator finds the nearest fractal in history, looks for the second one and draws a line between them. On the opposite side the parallel line is drawn along the maximum fractal. The middle line … Read more

True MFI (Alternative to the standard MFI) – indicator MetaTrader 5

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Fig.1 The True MFI indicator
The real author: VladMsk Rise or fall in prices is often preceded by increased activity of trading. The True MFI indicator tries to use this factor. The MFI “standard” technical indicator uses price for calculation. As a result it practically coincides with the RSI that makes the MFI indicator rare to use. In the TMFI … Read more

True RVI – Relative Strength Index (liveliness) of market – indicator MetaTrader 5

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Fig.1 The True RVI indicator
The real author: VladMsk An alternative replacement for the standard RVI indicator which considers trades volume. This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 15.06.2010.   Fig.1 The True RVI indicator True RVI – Relative Strength Index (liveliness) of market – indicator MetaTrader 5

True Scalper Profit Lock – EA MetaTrader 5

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True Scalper Profit Lock - expert for MetaTrader 5
Author of the idea — John Smith, author of the MQL5 code — barabashkakvn.     Two iMA indicators (MA, Moving Average) — with hard coded periods of 3 and 7, and on iRSI indicator (RSI, Relative Strength Index) with the period of 2. Testing results on EURUSD, H1 from 2016.01.10 to 2017.01.11, initial deposit 10000 — could not find … Read more

True Strength Index – indicator MetaTrader 5

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True Strength Index - indicator for MetaTrader 5
Basics : The true strength index (TSI) is a technical indicator used in the analysis of financial markets that attempts to show both trend direction and overbought/oversold conditions. It was first published William Blau in 1991. The indicator uses moving averages of the underlying momentum of a financial instrument. Momentum is considered a leading indicator … Read more