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

2016.06.30 12:52
trend_arrows

trend_arrows - indicator for MetaTrader 5

| English Deutsch Русский 中文 日本語 Português

Views:
698
Rating:
votes: 14

Real author:

Vladimir Mametov

Description:

Trend Arrows draws support/resistance lines as colored dots on a price chart.

The symbol average price on a certain amount of data is used to calculate the indicator values.

In case of a downward trend, the indicator draws only a resistance line (red dots), while in case of an upward trend, it plots only a support line (blue dots). If a symbol price approaches support/resistance level and does not break it through at the current bar, this is used as a buy/sell signal.

An order is confirmed by the next dot, which either supports the current trend or signals the upcoming changes.

This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 10.05.2016.

Image:

Fig.1. trend_arrows

Fig.1. trend_arrows

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/15538

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.