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Published by:: Nikolay Kositsin
Views:: 6616
Rating:: (17)
Published:: 2011.12.27 08:49
Updated:: 2016.11.22 07:32

wiover.mq5 (5.99 KB) view

Download as ZIP, How to download code from MetaEditor

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Real author:

Murad Ismayilov

The indicator shows the average percentage value of the last candlesticks overlap. It is useful for those, who enters the market manually using limit orders during price consolidation, as it allows to select order direction. Blue line - recommended BUY-LIMIT, red one - SELL-LIMIT.

This indicator was first implemented in MQL4 and published in Code Base at mql4.com 15.11.2010.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/698

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The script exports historical data to HST format for its use in MetaTrader 4 client terminal. This file can be imported in MetaTrader 4 as historical data or you can open it as offline chart.

IncRSIOnArray

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WiOver - indicator for MetaTrader 5