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

Scripts

Identify potential Trends/Range (Pivot Points) - script for MetaTrader 5

Mario Gharib

Views:
1634
Rating:
votes: 13
Published:
2020.07.18 21:47
Updated:
2020.07.25 21:22
\MQL5\Include\
Define.mqh (1.9 KB)view
Enum.mqh (1.51 KB)view
functions.mqh (19.34 KB)view

When I start learning about trading, I remember the trading pioneer Shawn Lucas (founder of Apiary-fund) saying "trading is simple, you go from bound range market to breakout market and vice versa". I looked at few charts and he was right. So I told myself, I have to always eyeball ranging market and trending market but with the help of an indicator. There are plenty of indicators that help us eyeball these ranging/trending market and they work really well, but I like using Pivot Points.

That is why I created this indicator that helped me to automatically eyeball these potential trends/range (based on pivot points) instead of doing all the work myself. I know there are plenty of Metatraders who also suffer from this and that is why I would like to share this indicator with you, hopefully it will be beneficial.

Do not forget to send you comments as well as rate these scripts. Happy trading!

P.S. This script is for free, and I would like to kindly ask you in return to follow me on MY INSTAGRAM since it has plenty of useful information 

Pivotpoints

Open Random Charts Open Random Charts

this script opens randomly selected charts and applies user-defined template.

Design patterns - Abstract Factory Design patterns - Abstract Factory

Provide an interface for creating families of related or dependent objects without specifying their concrete classes.

Step chart Step chart

Step chart (upgraded version)

Design patterns - Builder Design patterns - Builder

For a complex object separate its construction from representation. Same construction process can create different representations