Watch how to download trading robots for free

Find us on Facebook!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Views:

6294

Rating:

(7)

Published:

27 September 2018, 15:24

Updated:

15 September 2026, 12:56

YABSI.mq5 (5.51 KB) view

Download as ZIP How to download code from MetaEditor

Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

A signal indicator YABSI. It shows Buy and Sell labels on the price chart.

It has one parameter:

Show price typical - display of the typical price line, based on which the calculation is performed, Yes/No.

Calculations:

if (Close[1] < High and PriceTypical[2] < Close[1]) or PriceTypical[3] < Close[1]: a Sell signal.
If (Close[1] > Low and PriceTypical[2] > Close[1]) or PriceTypical[3] > Close[1]: a Buy signal.

Note that in order to avoid false entries, signals should be filtered using direction indicators, oscillators and overbought/oversold zones or support/resistance levels.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21686

WMAO

WMAO (Wilder's Moving Average Oscillator) - an oscillator based on Welles Wilder's Moving Average.

WMA

The Wilder's Smoothing Average (WMA) indicator.

Twiggs_Money_Flow

Twiggs Money Flow is an indicator by Colin Twiggs, which uses Welles Wilder's Moving Average.

TriggerLines

The TriggerLines trend indicator draws two moving average lines colored in accordance with the trend direction: green for upward and red for downward.

YABSI - indicator for MetaTrader 5

Scriptor