Watch how to download trading robots for free
Find us on Twitter!
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
Indicators

Volume weighted line chart with smoothing - indicator for MetaTrader 5

Views:
5084
Rating:
(5)
Published:
2024.11.13 16:02
MQL5 Freelance Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

A simple indicator to make a smoother line chart while also using tick volume to determine the market direction.

The basic idea is to give you the true direction of where the market is moving.

When compared to the line chart, you can see that it is ignoring short noisy market movements. Smoothing can be adjusted in the input.

Some graphical elements are added to emphasize the direction of the market.

It's not a great idea to be placing trades when the line goes horizontal.



simple mt5 trade copier simple mt5 trade copier

this is a copier template

Economic Calendar Monitor and Cache for Backtesting on History Economic Calendar Monitor and Cache for Backtesting on History

This indicator displays current events on the chart and allows you to export the calendar to archives for backtesting, automatically fixing time discrepancies between the history of bars and the history of events. This is an improved version of CalendarMonitorCached indicator from the algotrading book.

Comment Comment

A simple replacement for a comment. Works in the tester 50 times faster than the standard function.

SUPERMACBOT SUPERMACBOT

The SUPERMACBOT is a fully automated trading robot that combines the power of the Moving Average Crossover strategy with the MACD Indicator to deliver precise and reliable trade signals. This Expert Advisor is designed to work seamlessly on all symbols and timeframes, offering versatility and adaptability for traders across various market conditions.