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Magician Of Custom Index chart window

Charles Henry Dow felt that if the industrial average and the railroad average both moved in the same direction, it meant that a meaningful economic shift was occurring.

In brief, this indicator bases on the Dow's theory. It can create an index of market symbols, almost anythings index. For example: Index of the Euro, Index of the Great Britain Pound, Index of the Japanese Yen, Index of the Swiss Franc, Index of the Gold, Index of the New Zealand Dollar, Index of the Australian Dollar, Index of the Canadian Dollar.

Mr.Dow did not believe that his ideas should be used as the only forecaster of market ups and downs. He thought they should be only one tool of many that investors used to make business decisions.

The important, this indicator is not only to create an index. It can find symbols for deviation too. Then, I believe you know how to do.


Indicator parameters

This indicator has 5 lines so it has 5 group lines property, from 0 to 4, the last one is "INDEX":

  • Indicator0_symbol - The 1st group line used symbol.
  • Indicator0_color - The 1st group line used color.
  • Indicator0_style - The 1st group line used style.
  • Indicator0_width - The 1st group line used width.
  • Indicator1_symbol - The 2nd group line used symbol.
  • Indicator1_color - The 2nd group line used color.
  • Indicator1_style - The 2nd group line used style.
  • Indicator1_width - The 2nd group line used width.
  • Indicator2_symbol - The 3th group line used symbol.
  • Indicator2_color - The 3th group line used color.
  • Indicator2_style - The 3th group line used style.
  • Indicator2_width - The 3th group line used width.
  • Indicator3_symbol - The 4th group line used symbol.
  • Indicator3_color - The 4th group line used color.
  • Indicator3_style - The 4th group line used style.
  • Indicator3_width - The 4th group line used width.
  • Indicator4_color - The 5th group line used color.
  • Indicator4_style - The 5th group line used style.
  • Indicator4_width - The 5th group line used width.
    (The 5th group line no set name, it is a index.)
  • Info_fontsize - Displayed information's font size in indicator.
  • Info_corner - Displayed information's position.
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5 (1)
ECM Elite Channel is a volatility-based indicator, developed with a specific time algorithm, which consists of finding possible corrections in the market. This indicator shows two outer lines, an inner line (retracement line) and an arrow sign, where the channel theory is to help identify overbought and oversold conditions in the market. The market price will generally fall between the boundaries of the channel. If prices touch or move outside the channel, it's a trading opportunity. The
Introducing   Quantum Trend Sniper Indicator , the groundbreaking MQL5 Indicator that's transforming the way you identify and trade trend reversals! Developed by a team of experienced traders with trading experience of over 13 years,   Quantum Trend Sniper Indicator   is designed to propel your trading journey to new heights with its innovative way of identifying trend reversals with extremely high accuracy. ***Buy Quantum Trend Sniper Indicator and you could get Quantum Breakout Indicator fo
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The ‘Magician of custom objects’ is a utility script tools for MetaTrader 4. After attaching the script to a chart, the custom objects in this chart are cloned to any other opened charts of the same symbol. Now, 11 custom object types are supported, including: Vertical line; Horizontal line; Trend line; Angle line; Gann line; Fibonacci line; Rectangle; Triangle; Arrow; Ellipse; Text. If you need other object types or have any question, write in the Comments section.
Charles Henry Dow felt that if the industrial average and the railroad average both moved in the same direction, it meant that a meaningful economic shift was occurring. In brief, this indicator bases on the Dow's theory. It can create an index of market symbols, almost anythings index. For example: Index of the Euro, Index of the Great Britain Pound, Index of the Japanese Yen, Index of the Swiss Franc, Index of the Gold, Index of the New Zealand Dollar, Index of the Australian Dollar, Index of
Everyone has their own style, for example, color of candle, color of chart blackground, used indicators, EAs, and script tools etc. If you often use a template to load your favorite style, you should already know that manual loading is cumbersome when using multiple charts. Now, you can use this tool to work better and faster. Magician Of Template (MOT) is a utility script tool for MetaTrader 4. After attaching the script to a chart, one template will auto load to all charts. The template should
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Version 2.0 2019.05.18
1.Smoothing function;
2.Show all value line;
...