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


WeightOscillator_HTF - indicator for MetaTrader 5

Nikolay Kositsin | English Русский 中文 Español Deutsch 日本語 Português

votes: 14
2017.01.26 09:24

The WeightOscillator indicator with the timeframe selection option available in input parameters:

input ENUM_TIMEFRAMES TimeFrame=PERIOD_H4;  // Indicator chart period (timeframe)

The WeightOscillator_HTF repeater indicator requires the compiled custom indicator file WeightOscillator.mq5 in order to compile. Place it in <terminal_data_folder>\MQL5\Indicators.

After compilation, the WeightOscillator_HTF.ex5 indicator file contains the WeightOscillator.ex5 indicator as a resource, and therefore, it is not required to be present in the terminal folder for the compiled indicator to work! For this purpose, the corresponding code has been added to the indicator code in order to include the WeightOscillator indicator in the executable file.

The indicator executable file has been added as resources at the global scope

//---- Include custom indicators in the indicator code as resources
#resource \\Indicators\\WeightOscillator.ex5

Changed the string path to the indicator used as resource in the block of the OnInit() function

//---- getting handle of the WeightOscillator indicator

Thus, the compiled executable file of the repeater indicator can be used on other trade terminals on its own without the original indicator.

Fig1. The WeightOscillator_HTF indicator

Fig1. The WeightOscillator_HTF indicator

Translated from Russian by MetaQuotes Software Corp.
Original code:

Fractional_Bands Fractional_Bands

Fractional Bands modifies the price changes using the fractal Brownian motion, which takes into account the fractal dimension.

Ilan1.4 Ilan1.4

Ilan1.4 - Expert Advisor for MetaTrader 5.

Exp_WeightOscillator Exp_WeightOscillator

The simplest EA based on the WeightOscillator weighted oscillator.

Universum 3.0 Universum 3.0

Increasing the lot after a losing trade. Entry signals are based on the DeMarker indicator.