Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2016.02.09 08:30

VKW_Bands_Modify_DeMarker - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

votes: 11

Real author:

Alksnis Gatis


The indicator for determining the time when the pending orders should be placed, using the ColorMETRO_DeMarker oscillator. The thick pink and red lines define the border of the channel. The time, when the gray fast line of the ColorMETRO_DeMarker goes beyond the borders of this channel and goes back inside of it, is the most suitable time for placing pending orders.

The indicator uses SmoothAlgorithms.mqh library classes (copy it to <terminal_data_folder>\MQL5\Include). The use of the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".

This indicator requires the compiled indicator file ColorMETRO_DeMarker.ex5. Place it in <terminal_data_folder>\MQL5\Indicators.


Figure 1. The VKW_Bands_Modify_DeMarker indicator

Figure 1. The VKW_Bands_Modify_DeMarker indicator

Translated from Russian by MetaQuotes Software Corp.
Original code:

Accelerator Oscillator (AC) Accelerator Oscillator (AC)

The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.

Average Directional Movement Index (ADX) Average Directional Movement Index (ADX)

The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.

LinesProfitLoss LinesProfitLoss

Calculates profit (loss) of the current orders on the symbol.

FFC - Forex Factory Calendar FFC - Forex Factory Calendar

Modified version of FF Calendar Indicator with new features.