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

2016.02.16 08:58
RJTX_Matches

RJTX_Matches - indicator for MetaTrader 5

| English 日本語 Русский Español Deutsch

Views:
933
Rating:
votes: 12

Real author:

Rafael Jimenez Tocino

Description:

The indicator helps to determine the beginning and end of trends on the basis of the slope of the "matches" lines and the color of their heads.

The slope of these lines shows the evolution of the price trend. This shows the strength of the trend, whether it continues, or we need to prepare for a change of the direction.

Each match represents a line between the open price of a bar and the close price of the next one. In contrast to the author's version, in this indicator the distance between the opening price and closing price is not a single bar, but the number of bars, located at a distance determined by the input parameter of the indicator:

//+----------------------------------------------+
//| Indicator input parameters                   |
//+----------------------------------------------+
input uint iPeriod=10;

This makes the indicator more versatile in use. This option is suitable for intraday trading (scalping, swing) on small timeframes (M1/H1).

Originally this indicator has been written in MQL4 and was first published in the Code Base on 23.12.2015.

Image:

Figure 1. The RJTX_Matches indicator

Figure 1. The RJTX_Matches indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/14722

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.