Market Condition Evaluation based on standard indicators in Metatrader 5 - page 231

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Usefull links/threads/tools

Sergey Golubev, 2017.10.11 18:09

Price Action

The forum

• All About Price Action - the key thread 
• Market Condition Evaluation (2 EAs were created) - the post as a summary of price action thread
• Price Action Trading - small thread with videos
• What is Price Action? the post with video
• Trading Price Action Reversals : Al Brooks - the book
• Trading Price Action Trading Ranges : Al Brooks - the book 
• Indicators VS Forex Price Action - the post with small article
• Interview with Al Brooks, price Action day trader and the author of 'Trading Price Action Reversals' - the post with video
• Video Lesson - Price Action: Introduction To Price Action Trading (what is price action, basic set-ups and stop placement, and more) - the post 
• The Three Most Popular Indicators for Day-Trading - the post with small article

CodeBase

• Price Action Indicator - indicator for MetaTrader 4
• Alpha Trend Spotter Price Action - indicator for MetaTrader 5
• Price Action EA - expert for MetaTrader 4
• Market Flow Analysis Method (MFAM) Indicator for Price Action - indicator for MetaTrader 4
• RAVI (Range Action Verification Index) - indicator for MetaTrader 5
• RAVI (Range Action Verification Index) - indicator for MetaTrader 4
  
• XXXUSD 10 points - expert for MetaTrader 5
• Price Alert - indicator for MetaTrader 4
• more in search here

The articles

• Price Action. Automating the Engulfing Pattern Trading Strategy 
• Price Action. Automating the Inside Bar Trading Strategy 
• Identifying Trade Setups by Support, Resistance and Price Action 
• Auto detection of extreme points based on a specified price variation 
• The Price Histogram (Market Profile) and its implementation in MQL5 
• MQL5 Cookbook: Development of a Multi-Symbol Indicator to Analyze Price Divergence 
• MQL5 Wizard: Placing Orders, Stop-Losses and Take Profits on Calculated Prices. Standard Library Extension 
• Creating Active Control Panels in MQL5 for Trading 
• and more in search here

The blogs

• VIDEO LESSON - Price Action: Introduction to Price Action Trading, What is Price Action, Basic Set-ups and Stop Placement, and more 
• VIDEO LESSON - Price Action: Candlestick Indicators in Price Action Trading 
• 4 Facts About Price Action Incl Free Indicator and EA 
• Top Price Action Secret 
• Video Lesson - How To Trade: Price Action Trading 
• Price Action - The Power of Wicks in the FX Market 
• Something to Read - Forex Price Action Scalping: an in-depth look into the field of professional scalping 
• and more in search here 

The market

• many in search here

[Sergey Golubev]

volatility_Bar - indicator for MetaTrader 4

I use the indicator mainly in my advisors to divide the market into volatile and flat.

Recommended M5 timeframe.

The indicator is displayed by a straight line in a separate one under the window. The meaning of the display colors: Red - strong flat; Yellow is a weak flat; Blue - strong volatility; Green - weak volatility.

[Sergey Golubev]

Currency Strength Index (CSI) - indicator for MetaTrader 5

The Currency Strength Index (CSI) is a technical indicator to chart strength momentum of the 8 major currencies. (EUR, GBP, AUD, NZD, USD, CAD, CHF, JPY)

The indicator is based on mathematical decorrelation of 28 cross currency pairs.

It uses the difference in Linear-weighted averaging (LWMA) of the closing prices.

The Currency Strength Index (CSI) doesn’t tell you when to enter a trade, it only helps you to filter for potential currency pairs to trade.

[Sergey Golubev]

Average Day Range - indicator for MetaTrader 4

[Michaela Zinke]

Sergey Golubev:

Just want to remind about what I am doing on this thread:

I am testing Maksigen indicator within this thread (starting from page #7 here Market Condition Evaluation based on standard indicators in Metatrader 5 ) by the following way: I am evaluating market condition using Absolute Strengh indicator on H4/D1 timeframe to select the pairs to trade and direction to open the trades for those pairs for the current day, and trading those pairs using MaksiGen_Range_Move MTF indicator on M1 timeframe.

And just to remind:

Hello,

I tried to read through this thread (and others from you) and I downloaded the Absolute Strength Indicator, but I didn't get it to work.

Would somebody help me, please?

I would be very grateful ...

[Sergey Golubev]

Michaela Zinke:

Hello,

I tried to read through this thread (and others from you) and I downloaded the Absolute Strength Indicator, but I didn't get it to work.

Would somebody help me, please?

I would be very grateful ...

Fixed versipon is on post #4

Forum on trading, automated trading systems and testing trading strategies

Gold is Reaching at 1270

Sergey Golubev, 2013.07.01 21:04

How can we know: correction, or bullish etc (in case of using indicator for example)?

well ... let's take AbsoluteStrength indicator from MT5 CodeBase (fixed version of the indicator is on this post #4).

bullish (Bull market) :

bearish (Bear market) :

ranging (choppy market - means: buy and sell on the same time) :

flat (sideways market - means: no buy and no sell) :

correction :

correction in a bear market (Bear Market Rally) :

[Michaela Zinke]

Sergey Golubev:

Fixed versipon is on post #4

I thought I tried this one too ...

Many, many thanks for your answer! You are really a kind person!

I really DID try this one. My "problem" is, that I do only have the MQL5 Source File in MT5, may be, I will have to compile it? I did not have to do this with any of the other indicators I put in my MT5 ...

Please, does anybody want to help me once more?

Many thanks ...

[Sergey Golubev]

Michaela Zinke:

I thought I tried this one too ...

Many, many thanks for your answer! You are really a kind person!

I really DID try this one. My "problem" is, that I do only have the MQL5 Source File in MT5, may be, I will have to compile it? I did not have to do this with any of the other indicators I put in my MT5 ...

Please, does anybody want to help me once more?

Many thanks ...

Yes, it is source file for MT5.
You should place this file in indicators folder (in MT5 menu: File - Open Data Folder - MQL5 - Indicators).
After that - open MetaEditor, fine this source file (on the left), and compile it.

In MT5: in Nevigators - right mouse click on Indicators - Refresh.

[Keith Watford]

Sergey Golubev:

Yes, it is source file for MT5.
You should place this file in indicators folder (in MT5 menu: File - Open Data Folder - MQL5 - Indicators).
After that - open MetaEditor, fine this source file (on the left), and compile it.

In MT5: in Nevigators - right mouse click on Indicators - Refresh.

I don't know if this works on all operating systems but it does for me in Windows 10.

Download the file and double click on it. The MetaEditor will open automatically with the file loaded.

Click on Compile and the indicator will be in the Navigator window with no need to refresh.

Mind you if you have more than 1 MT5 platforms on your computer, it may not go to the platform that you want. I don't know if there is a way to stipulate which MetaEditor opens.

[Sergey Golubev]

Keith Watford:

I don't know if this works on all operating systems but it does for me in Windows 10.

Download the file and double click on it. The MetaEditor will open automatically with the file loaded.

Click on Compile and the indicator will be in the Navigator window with no need to refresh.

Mind you if you have more than 1 MT5 platforms on your computer, it may not go to the platform that you want. I don't know if there is a way to stipulate which MetaEditor opens.

Yes, this ways works too.