Download MetaTrader 5

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

2014.06.11 10:59
Indicators

ExVol - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

Views:
1865
Rating:
votes: 20
exvol.mq5 (10.16 KB)view

Real author:

Alex Sidd (Executer)

The ExVol calculates the difference between the total sum of bodies of growing and falling candlesticks on a given interval in points.

The 0 level of the indicator means that the amount of growing and falling candlesticks is equal. Typically, the zero mark crossed upwards signals the beginning of the upward movement, and mark crossed downwards is a signal of the beginning of a downward movement. The indicator also can be used as a signal to close the position, if its value begins to approach zero.

This indicator was first implemented in MQL4 and published in CodeBase on 22.12.2006.

Figure 1. The ExVol indicator

Figure 1. The ExVol indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/6984

ExTrendV2 ExTrendV2

The ExTrendv2 indicator draws fractal channels.

Exp_TrendMagic Exp_TrendMagic

Trading system using the TrendMagic indicator.

ExVol_HTF ExVol_HTF

The ExVol indicator with the timeframe selection option available in input parameters.

TrendMagic_Signal TrendMagic_Signal

The TrendMagic_Signal indicator shows information on the current trend using the values of the TrendMagic indicator with a fixed timeframe.