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

2017.01.18 10:03
Indicators

WPR_Slowdown - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

Views:
207
Rating:
votes: 11

Real author:

Tor

Semaphore signal indicator based on the WPR indicator, which features alerts, sending emails and push-notifications to mobile devices.

The indicator is based on the idea that the price reversal is preceded by a reduction in indicator change rate and its reversal. For this purpose, it searches for the intervals where the price begins to stagnate in the overbought or oversold area of the fast WPR indicator.

The indicator provides the ability to mark these areas with arrows on the chart. It is also possible to disable searching for the WPR slowdowns. In that case, the indicator will simply display exceedance of the WPR levels specified in the settings — LevelMax and LevelMin.

//+----------------------------------------------+
//| Indicator input parameters                   |
//+----------------------------------------------+
input uint WPRPeriod=12;                        // WPR Period
input double LevelMax=-20;                      // Signal Level Max
input double LevelMin=-80;                      // Signal Level Min
input bool SeekSlowdown=true;                   // Seek Slowdown
input int Shift=0;                              // Horizontal indicator shift in bars
//---- Input variables for alerts 
input uint NumberofBar=1;                       // Bar number for the signal
input bool SoundON=true;                        // Enable alerts
input uint NumberofAlerts=2;                    // Number of alerts
input bool EMailON=false;                       // Enable mailing the signal
input bool PushON=false;                        // Enable sending the signal to mobile devices

Fig1. The WPR_Slowdown indicator

Fig1. The WPR_Slowdown indicator

Fig.2. The WPR_Slowdown indicator generating alert

Fig.2. The WPR_Slowdown indicator generating alert

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/16528

MFI_Slowdown MFI_Slowdown

Semaphore signal indicator based on the MFI indicator, which features alerts, sending emails and push-notifications to mobile devices.

Exp_RSI_Slowdown Exp_RSI_Slowdown

Trading system based on the signals of the RSI_Slowdown indicator.

ZigZag_CHO ZigZag_CHO

The ZigZag based on the Chaikin oscillator.

ZigZag_CCI ZigZag_CCI

The ZigZag based on the CCI oscillator.