Watch how to download trading robots for free

Find us on Facebook!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Views:: 4057
Rating:: (9)
Published:: 2018.07.09 11:05
Updated:: 2018.09.17 10:57

Speed_of_trade.mq5 (9.7 KB) view

Download as ZIP, How to download code from MetaEditor

: Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

The indicator is intended for roughly estimating the direction of the next candlestick, depending on exceeding the average candlestick range over a period of time.

If the range of the current candlestick exceeds at least double (to be defined in the parameters) of the average range of candlesticks over a period of time, the next candlestick can be in the same direction as the current one.

It has two parameters:

Period - period for calculating the average range
Multiplier - multiplier to calculate the threshold value

Calculation:

If SoT > AVG * Multiplier, then The next candlestick must have the same direction as the current one

where:

SoT = ((Close - Open) / Volume) * 1000000000
AVG = MA(SoT, Period)

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20990

Reverse_MACD

An information-forecast MACD on the price chart

Range_Contraction

Indicator of daily ranges

TCI V2

Indicator Trend Confirmation Index

VolatilityMA

A moving average with a changeable calculation period.

Speed_of_trade - indicator for MetaTrader 5