Watch how to download trading robots for free

Find us on Telegram!
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

Published by:: Nikolay Kositsin
Views:: 10650
Rating:: (25)
Published:: 2011.12.09 13:55
Updated:: 2016.11.22 07:32

trendvalue.mq5 (11.44 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

Real author:

Ivan Kornilov

The trend indicator made as NRTR (Nick Rypock Trailing Reverse).

The indicator is very flexible, it can be configured for different tasks, for example, to receive market exit signals, or it may be combined with other indicators signals. It can be helpful in preventing from opening a position against a trend. It gives signals before МА crossing or MACD.

ATR technical indicator values are used in the indicator, i.e., it becomes more sensitive during a flat, which is very convenient when the market exits a flat sharply or a breakout occurs. The indicator is set to 5 minutes by default.

This indicator was first implemented in MQL4 and published in CodeBase at mql4.com 25.02.2010.

Input parameters:

period - moving averages period;
shiftPercent - horizontal shift of the indicator in percents;
ATRPeriod - ATR indicator period;
ATRSensitivity - ATR sensitivity;
shift - vertical shift of the indicator in bars.

TrendValue

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/606

ZigZag NK FiboFan

ZigZag allowing to build Fibo fans on the last two ZigZags.

Negative Volume Index

Negative Volume Index (NVI) draws a connection between the volume downfall and financial instrument price change.

ColorStepXCCX

Symmetrical normalized oscillator.

JFatl HTF

The hybrid of digital and analog filters that displays its larger timeframe values at a smaller one.

TrendValue - indicator for MetaTrader 5