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votes: 21
2013.01.21 15:45
2016.11.22 07:32
beginner.mq5 (7.16 KB)view

The real author:


The Beginner indicator is a very simple custom indicator which displays the local peaks and troughs in the chart using pink and blue points next to them. It analyzes the maximums and the minimums on a specific period and compares them with the range in which the currency pair has been traded. If the peak/trough is quite significant, it marks it with a point.

Input parameters:

  • Otstup (default value is 30) is the number of percentage that is cut off from the range before comparing the minimums and the maximums to define their significance. The higher this number, the more frequent the points will occur.
  • Per (default value is 9) is a period on which the maximums and the minimums are calculated in the given moment. The higher the number, the rare the points will occur.

Fig.1 The Beginner indicator

Fig.1 The Beginner indicator 

Translated from Russian by MetaQuotes Software Corp.
Original code:

ytg_MA_TF ytg_MA_TF

Moving Average with the choice of TF.

KositBablo10 KositBablo10

The Expert Advisor with which Alexander Prishchenko (Crucian) participated in Automated Trading Championship 2012

Exp_Beginner Exp_Beginner

The trading system based on the Beginner signal indicator.

ColorCoppock ColorCoppock

This indicator was created by Edward Coppock in 1962. It displays the long term possibilities to buy or sell (in the original, only to buy).