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

2006.09.08 12:46

Drive - indicator for MetaTrader 4

| English Español Português 日本語 Deutsch 中文

votes: 5
_Drive.mq4 (2.22 KB)view

Green above Red -> Up.

Red above Green -> Down.

Periods that seem useful are 4, 16, 128.

Value is calculated as follows:

Up (Green) = ((High - Open) + (Close - Low))/2, averaged for the selected period;

Down (Red) = ((Open - Low) + (High - Close))/2, averaged for the selected period.

This may have another name or be similar to an existing indicator. I've made up the name drive. Please drop me an email if you've run into a similar indicator before -

Accelerator Oscillator (AC) Accelerator Oscillator (AC)

The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.

Average Directional Movement Index (ADX) Average Directional Movement Index (ADX)

The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.

PA adaptive MACD PA adaptive MACD

Phase accumulation adaptive MACD - completely adaptive MACD

Basket Chart Creator Basket Chart Creator

Basket offline chart creator script using geometric mean method.