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

Indicators

Vidya zone - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

Views:
3346
Rating:
votes: 23
Published:
2017.03.06 12:32
Vidya_zone.mq5 (10.12 KB)view

Vidya zone indicator using 3 prices for calculation : high, low and median.

But, if the regular Vidya was used then the zone would have ‌errors due to different momentum for different prices at same bars. In order to solve that this version introduces a modified Vidya calculation that prevents that error and the Vidya zone is error free and produces logical results.

The zone is mainly intended to use in a breakout mode ‌(ie: when the price is within the zone, that would be a no trading, or a warning zone, once when the price breaks out, consider entering the trades). This version additionally has a middle line color that changes value according to two outer colors. If the outer colors are the same, middle line shows that color, otherwise it remains neutral. That way a sort of an overall trend can be estimated using this indicator too.

WPRCandleKeltner WPRCandleKeltner

A Keltner Channel drawn relative to the average value of the Larry Williams' Percent Range oscillator as a sequence of candlesticks

NRTR_extr_ZigZag_Price NRTR_extr_ZigZag_Price

The NRTR_extr_ZigZag indicator with price labels of the ZigZag peak values.

MT5 to MT4 Set File Converter MT5 to MT4 Set File Converter

Converts .set files from MT5 format to MT4 format.

Bollinger Bands as Support & Resistance Bollinger Bands as Support & Resistance

Example of Buy Limit & Sell Limit pending orders with Bollinger Bands.