CodeBaseSections
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
to pocket
Indicators

Aklamavo Quarters Theory - indicator for MetaTrader 5

Sylvester Aklamavo
Views:
1042
Rating:
(2)
Published:
Download as ZIP How to download code from MetaEditor
MQL5 Freelance Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

This indicator implements the "Quarters Theory" - a technical analysis concept that divides price movement into four quarters around a central base level. It's designed to work with multiple asset types (Forex, stocks, commodities, etc.) and provides visual quarter levels on the chart.

Quarters Theory Concept:

  • Base Level: Central reference price

  • Quarter 1: Price range from Base to Base + Quarter Range

  • Quarter 2: Price range from Base + Quarter Range to Base + 2*Quarter Range

  • Quarter 3: Price range from Base - Quarter Range to Base

  • Quarter 4: Price range from Base - 2*Quarter Range to Base - Quarter Rang

    1. Flexible Base Level Calculation:

    • Current Daily Close: Latest closing price

    • Previous Day Close: Yesterday's closing price

    • Previous Week Close: Last week's closing price

    • Previous Month Close: Last month's closing price

    • Weekly/Monthly Open: Start of week/month price

    • Custom Level: User-defined price level




    • 2. Multiple Quarter Size Units:

    • Pips: Forex-specific measurement

    • Points: Smallest price increment

    • Percentage: Percentage of base level

    • Absolute: Fixed price value

    3. Multi-Asset Support:

    • Automatically detects Forex vs. other instruments

    • Adjusts pip calculations for different symbol formats

    • Handles unavailable timeframes gracefully

Trading Applications:

Support/Resistance:

  • Quarter boundaries act as dynamic support/resistance

  • Middle lines as potential reversal points

Trend Analysis:

  • Price in Quarter 1/2 suggests bullish bias

  • Price in Quarter 3/4 suggests bearish bias

  • Quarter transitions indicate trend changes

Range Trading:

  • Trade bounces between quarter boundaries

  • Look for reactions at quarter midpoints

quarters










    Clickable button excample (close all positions) Clickable button excample (close all positions)

    An example of adding buttons for your advisors. In this example, a button has been implemented to close all active positions for all instruments. In addition to the button event processing functionality, methods for closing positions relative to the symbol name and counting the number of positions relative to the symbol name are also implemented.

    DeltaFusionLite DeltaFusionLite

    DeltaFusion Lite is the simplified version of the DeltaFusionPro indicator for MT4. It calculates and displays Cumulative Delta and Net Delta, giving traders a clear view of buying and selling pressure within each candle. By analyzing the distribution of volume between bid and ask, it helps identify market sentiment shifts, potential reversals, and various types of divergences between price and volume.

    Function for calculating lot size from risk per deposit Function for calculating lot size from risk per deposit

    The function calculates the lot size of an open position. The opening price of a deal, the price of stop loss level and the risk per deal in per cent of the deposit are passed as parameters

    Professional Close All Positions Panel Professional Close All Positions Panel

    Professional panel for closing positions with 6 smart filters. Close all, by type, by symbol, or by profit/loss. Real-time P&L display. Perfect for emergency exits and risk management. Includes safety confirmations.