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2012.01.16 12:20

LeMan Objective - indicator for MetaTrader 5

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Published by:
Nikolay Kositsin
votes: 14
objective.mq5 (8.84 KB)view

Real author:


The indicator calculates the distance from the market entry price to the highs and lows displaying the quartiles deviation.

  • The first green line (counting from bottom to top) shows how high the price was raised in 75% (Quartile_3) of cases from the sample, the second green line shows the same in 50% (Quartile_2) of cases, the third one - 25% (Quartile_1), the fourth one - the maximum deviation.
  • The first red line (counting from top to bottom) shows how low the price dropped in 75% (Quartile_3) of cases from the sample, the second red line shows the same in 50% (Quartile_2), the third one - 25% (Quartile_1), the fourth one - the maximum deviation.

These lines help in defining price movement targets beginning from a bar opening price. The author suggests using the indicator with the timeframes no less than the daily one.

This indicator was first implemented in MQL4 and published in CodeBase at 13.01.2011.


Translated from Russian by MetaQuotes Software Corp.
Original code:

BykovTrend_HTF_Signal BykovTrend_HTF_Signal

BykovTrend_HTF_Signal shows a trend direction or a signal for performing a deal generated by BykovTrend indicator as a graphic object with colored trend indication or deal direction.

File Mapping  without DLL File Mapping without DLL

The classes (conveted from C++ to MQL5) for working with memory mapped files.

IncStdDevOnArray IncStdDevOnArray

CStdDevOnArray class is designed for calculation of Standard Deviation (StdDev) on indicator buffers. The example of use of the class is provided.

IncIchimokuOnArray IncIchimokuOnArray

The CIchimokuOnArray class is intended for calculation of Ichimoku (Ichimoku Kinko Hyo) values on indicator buffers.