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

votes: 7
2018.07.09 11:05
2018.09.17 10:57

The indicator is intended for roughly estimating the direction of the next candlestick, depending on exceeding the average candlestick range over a period of time.

If the range of the current candlestick exceeds at least double (to be defined in the parameters) of the average range of candlesticks over a period of time, the next candlestick can be in the same direction as the current one.

It has two parameters:

  • Period - period for calculating the average range
  • Multiplier - multiplier to calculate the threshold value


If SoT > AVG * Multiplier, then The next candlestick must have the same direction as the current one


SoT = ((Close - Open) / Volume) * 1000000000

AVG = MA(SoT, Period)

Translated from Russian by MetaQuotes Software Corp.
Original code:

Reverse_MACD Reverse_MACD

An information-forecast MACD on the price chart

Range_Contraction Range_Contraction

Indicator of daily ranges


Indicator Trend Confirmation Index

VolatilityMA VolatilityMA

A moving average with a changeable calculation period.