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

Performance_Index - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

Views:
278
Rating:
votes: 7
Published:
2018.06.06 14:28
The Performance Index (PI) is used in technical analysis for comparing a symbol's price trend with the general trend of the benchmark index.

The ratio of indices of two instruments (the current and the one selected in inputs) is shown in a separate window. The indicator has four input parameters:

  • Period - calculation period;
  • Method - calculation method;
  • Applied price - the calculation price;
  • Instrument - the benchmark instrument.
Please note that for a proper display of the indicator, the symbol that you specify in inputs must exist on the server and must have the required history. If the symbol does not have enough history, the indicator will not display anything until the required history is downloaded from the server.

Fig.1. GBPUSD Performance Index

Fig.1. GBPUSD Performance Index


Fig.2. USDJPY Performance Index

Fig.2. USDJPY Performance Index

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/20447

JSmooth_MA JSmooth_MA

A Moving Average with the smoothing type by Mark Jurik.

Important_Extremums Important_Extremums

An indicator of important extremums.

Psychology_Index Psychology_Index

The Overbought/Oversold Index

Repulse Repulse

An indicator of possible price "rebounds".