Discussion of article "Custom Indicators in MQL5 for Newbies"

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MetaQuotes 2010.03.03 14:40

New article Custom Indicators in MQL5 for Newbies is published:

Any new subject seems complicated and hard-to-learn for a newbie. Subjects that we know seem very simple and clear to us. But we simply do not remember, that everyone has to study something from scratch, and even our native language. The same is with the MQL5 programming language that offers wide possibilities of developing one's own trading strategies - you can start learning it from basic notions and simplest examples. Interaction of a technical indicator with the MetaTrader 5 client terminal is consider in this article on the example of the simple custom indicator SMA.

Author: Nikolay Kositsin

Interview with Dr. Alexander Elder: "I want to be a psychiatrist in the market"

I think financial markets are like manic-depressive patients. Sell when they have mania, and buy when they have depression. The envelope helps me determine where these levels of depression and mania are. There is a joke: "A neurotic is a man who builds castles in the skies, psychotic is the one who lives in them, and a psychiatrist is a person who collects the rent." I want to be a psychiatrist in the market. I want to collect the rent from the madness of the crowd.

supermagix 2010.03.03 22:20 #

Very interesting article for those who start..... I hope that others as this.... thanks

ts_ 2010.03.18 02:53 #

thank you. very clear explanation for newbie like me. waiting for next article ...

OldZ 2010.05.12 06:17 #

Thank you.It is very clear and useful for beginners.

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DxdCn 2010.08.22 08:02 #

  if(prev_calculated==0) // check for the first start of the indicator
      first=MAPeriod-1+begin; // start index for all the bars
   else first=prev_calculated-1; // start index for the new bars

when first=MAPeriod-1+begin; which is current bar ? [0] or [rates_total] ?

when first=prev_calculated-1; it is a large number, need repeat calculate ?

locan.BBS 2012.06.06 18:02 #

In the article " Custom Indicators in MQL5 for Newbies" it is said, "It's better to use the increasing order [rather than "reverse order"] in indicators." But if the program runs on and on, it would eventually tend toward infinity, i.e. the (integer) buffer for the index numbers would soon run over, wouldn't it? How do you handle this?

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