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In classical literature, the relative strength index is described as the "price-following oscillator that ranges between 0 and 100, and signals the market sentiment to change the trend at high (close to 100%) or low (close to 0%)...
The Price Channel indicator calculates the highest high and lowest low of the trailing number of bars specified by the input Length.
Many developers face the same problem - how to get to the trading terminal sandbox without using unsafe DLLs. One of the easiest and safest method is to use standard Named Pipes that work as normal file operations.
This indicator adds H3, H6, H8 and H12 time frames into your charts.
EA for Automatic StopLoss, Take Profit, Profit Lock, and Trailing Stop (With Special Methods). SL and TP could be hidden.
The indicator shows the High, Close and Low of the previous day, week or month with time shift.
The OandaX OrderBook Chart indicator is designed for displaying the history histogram of orders or positions history on the instrument with reference to the chart scale.
This robot optimizes the values it uses for overbought and oversold based on what would have been profitable during the Optimization periods(bars) back. Using the strategy of selling when the index indicator crosses below overbought and buying when the index indicator crosses above oversold.
This indicator paints the candlestick chart color according to the Elder Impulse System
There are some scripts in the zip archive which could be very usefull in intraday trading. With them you can respond on market changes very quickly.
The indicator shows support/resistance levels calculated using the methods by V.B. Antonov (A_Vlad).
The indicator is intended for searching the correlations between different symbols. It allows to overlay one chart with another to visually detect how do different symbols correlate between each other.
Regression Channel Indicator and Expert Advisor
The library contain several functions to get an additional information about the symbols, loaded into the client terminal. ATTENTION: Undocummented solution, it may not work in the other versions of MetaTrader
Adds account information to chart: Profit, Balance, Equity, Free Margin, Margin and Margin Level %. On chart click hide/show account information. Show Profit only option.
This script will calculate the total active and closed orders based on order types
The PrevDayLines.mq4 script is a tool for MetaTrader 4 that automatically draws three critical price levels from the previous trading day on your chart. These levels include the highest price (Max), the lowest price (Min), and the average price (Avg), providing traders with a clear visual reference for key support and resistance points.
A new interface library has been developed to simplify converting MT4 indicators and Expert Advisors (EAs) to MT5. This library supports most of the MetaTrader 4 functions, offering developers a unified solution for cross-platform compatibility.
Modify pending order - script choosing first in list pending order, printing selected pending order data, modifying pending order and printing pending order data after modification.