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

Extreme_TMA_line_indicator - indicator for MetaTrader 5

Scriptor | English Русский 中文 Español Deutsch 日本語 Português

Views:
1933
Rating:
votes: 15
Published:
2018.10.25 18:18

Extreme TMA Line is a well-known channel indicator included into multiple Extreme TMA strategies.

There are five inputs:

  • TMA period - TMA calculation period
  • ATR period - ATR calculation period
  • ATR multiplier - channel width ratio
  • Trend threshold - trend type switch threshold
  • Redraw - recalculation for compensating the indicator redrawing (Yes/No)

The indicator draws three lines: central (colored) and two channel ones. When detecting a bullish trend, the central line is colored green. When detecting a bearish one, the central line is colored red. The flat state is marked by gray color.

Fig. 1. Extreme TMA Line, Redraw = Yes


Fig. 2. Extreme TMA Line, Redraw = No

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/22350

Internal_Strength Internal_Strength

Internal Strength indicator

MA Envelopes MA Envelopes

The Expert Advisor sets pending Buy limit and Stop limit orders.

CAD CAD

Consecutive Advance/Decline indicator

Exp_Skyscraper_Fix_ColorAML Exp_Skyscraper_Fix_ColorAML

Two independent trading systems applying Skyscraper_Fix and AbsolutelyNoLagLWMA indicators in a single Expert Advisor