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

Price Channel Stop - indicator for MetaTrader 5

Mladen Rakic | English Русский 中文 Español Deutsch 日本語 Português

Views:
1088
Rating:
votes: 9
Published:
2018.04.17 12:25
Updated:
2018.04.17 12:25

A new variation of a well known price channel indicator.

The indicator shows the current estimated trend based on channel period and desired risk. It also shows two levels of values that can be used as a stop loss for orders opened based on this indicator (using the trend color change can be used as a signal for a new order opening as well as closing already opened orders).

Depending on the style, one can decide to use a "safer" stop (further from the current price) of "more likely to be filled" (closer to the price) but that entirely depends on the trading style.

This MetaTrader 5 version deviates a lot from MetaTrader 4 version(s) available in the look and feel, but also in the two levels displayed - the second (closer to the price) level should be used with care as it is highly experimental. In any case some parameters exploring is advised for different symbols and time frames.

PS: some of the MetaTrader 4 versions can be found here.

Smoother Momentum Stops Smoother Momentum Stops

In the Smoother Momentum Stops indicator the stops are calculated using the smoother momentum and the direction of the stops is determined based on the smoother momentum.

Sadukey Sadukey

"Sadukey" indicator is an indicator combining two digital filters on a chart to give us an assessment of current trend.

Kaufman AMA MACD Kaufman AMA MACD

Kaufman AMA MACD is the MACD built exclusively using Kaufman AMA (even signal line is using that). That way this is a completely adaptive MACD (bearing in mind that Kaufman AMA is adaptive Moving Average).

Bulls and Bears Bulls and Bears

This indicator shows Bulls and Bears power in the same indicator subwindow.