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


ColorXvaMA_Digit_StDev - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

votes: 9
2017.01.18 09:15

Real author:


The vaMA indicator with the ability to replace averaging. It displays the most recent value as a price label with the possibility to round the channel levels up to a required number of digits. Additionally, it indicates the trend strength by colored dots based on the standard deviation algorithm. The number of digits to round is set in the input variable Digit:

input uint Digit=3; //Number of digits to round to

If the standard deviation of the XvaMA indicator is between the dK1 and dK2 parameter values, then a small colored dot appears on the moving average. Its color corresponds to the current trend direction.

input double dK1=1.5;  // Square-law filter coefficient 1
input double dK2=2.5;  // Square-law filter coefficient 2

If the standard deviation becomes higher than the dK2 input parameter value, then the dot size increases. Thus, we get 3 levels of trend strength indication.

  1. Weak — no dots;
  2. Medium — small colored dots;
  3. Strong — big colored dots.

The indicator uses the classes of SmoothAlgorithms.mqh library (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".

Fig1. The ColorXvaMA_Digit_StDev indicator

Fig1. The ColorXvaMA_Digit_StDev indicator

Translated from Russian by MetaQuotes Software Corp.
Original code:

i4_DRF_v3_HTF i4_DRF_v3_HTF

The i4_DRF_v3 indicator with the timeframe selection option available in the input parameters.

i4_DRF_v2_HTF i4_DRF_v2_HTF

The i4_DRF_v2 indicator with the timeframe selection option available in the input parameters.

Fibo ZigZag Fibo ZigZag

The Fibo ZigaZag indicator allows to calculate the probable support and resistance levels using the Fibonacci ratios.

Fibo Bar MT5 Fibo Bar MT5

Indicator that draws Fibonacci levels based on the last bar.