Force Index (FRC):
Force Index technical indicator was developed by Alexander Elder.
This index measures the Bulls Power at each increase, and the Bears Power at each decrease. It connects the basic elements of market information: price trend, its drops, and volumes of transactions. This index can be used as it is, but it is better to approximate it with Moving Average. Approximation using the short moving average (the author proposes to use 2 intervals) contributes to finding the best opportunity to open and close positions. If the approximations is made with long moving average (period 13), the index shows the trends and their changes.
Author: MetaQuotes Software Corp.
This product is similar to Tick volume analizer Expert Advisor, however it is implemented as an indicator. Release of this product is stipulated by the fact, that it is not possible to run two EAs in the same window.
Tick volume is equal to amount of ticks at the unit of time. There is direct correlation between tick volume and real amount of deals. Every change of the price is a result of a real request to perform a deal. Consequently, fewer requests we have, the less price changes we get, an
ROMAN5 Bollinger Bands TrailingStop includes BreakEven facility. TrailingStop automatically moves the Stop Loss with the Bollinger Bands level. You can place ROMAN5 Bollinger Bands TrailingStop in any chart. It comes with an alert that will sound whenever a new signal appears. It also features an email facility. Your email address and SMTP Server settings should be specified in the settings window of the "Mailbox" tab in your MetaTrader 5.
Bollinger Bands Parameters:
BB Period - The averagin
Informer for VPS - report on the state of your account via e-mail. Useful for controlling your Expert Advisors that run on a VPS or a dedicated computer. Information about open positions and last deals for a day, week, month or year grouped by currency pairs.
Adjustable periodicity of reports and depth of deals included in the report. A possibility to add own comment to each report. You will receive reports on e-mail with specified periodicity: from 15 minutes to once a day. The reports are se
The economic calendar is made in the form of an Expert Advisor that downloads the data from one of the most popular Forex sites (forexfactory.com/calendar.php). The data is presented in two ways. The first (primary) is represented as icons with detailed information about the event. The second is displayed as a line with a news description. Economic Calendar downloads published news in real mode with the possibility to adjust the spacing of data validation and user-friendly customizable graphical
The main purpose of the indicator is to determine and mark trade signals on the histogram of the Accelerator Oscillator, which were described by Bill Williams in his book "New Trading Dimensions". The list of signals:
The buy signal when the indicator histogram is below the zero line. The sell signal when the indicator histogram is below the zero line.The sell signal when the indicator histogram is above the zero line. The buy signal when the indicator histogram is above the zero line. The
The indicator plots horizontal support and resistance levels using grouping of extrema. The levels are displayed as lines whose color depends on how many times the level was a support or resistance line over the specified interval. You can also display counters for support, resistance and age of the level in text format. The age of the level indicates how many bars back the level had the most recent impact on the price (on the chart time frame as specified in the settings). Given the age of the
Trading Chaos Expert Lite is a light version of Trading Chaos Expert. In the Lite version it is not possible to receive the table of trading signals, automatically place pending orders based on them and maintain open positions for multiple symbols at the same time in one window. Only the Current Chart mode is available. In all other features the panel is fully consistent with the basic version of the Expert Advisor.
This is, rather, a well thought out trader's assistant which is not easy to do
The indicator calculates the quantum frequencies using the current market data. The quantum frequencies are used in Spectrum analysis of automated trading systems to create quantum filters for selecting signals, i.e. skipping trades that are likely to be unprofitable.
How It Works
It analyses the trade results of automated trading system for each frequency (512 frequencies are used). Calculation of the frequency response to search for "profitable" and "unprofitable" f
qAutoActivation indicator is one of the main components of Trading Chaos Expert trading expert panel. The indicator displays the current trend on the current timeframe. This is the first indicator that is attached to the chart and saved in the trading complex template. It defines what trading signals from the expert panel should be automated for market entry (bullish or bearish ones).
When the trend changes, the indicator changes the line color and, at the same time, highlights the trading pane
The indicator determines and marks the short-term lows and highs of the market on the chart according to Larry Williams` book "Long-term secrets to short-term trading".
"Any time there is a daily low with higher lows on both sides of it, that low will be a short-term low. We know this because a study of market action will show that prices descended in the low day, then failed to make a new low, and thus turned up, marking that ultimate low as a short-term point. A short-term market high is just
VirtualTradePad - is a contol panel for working with orders in МetaТrader 5 : buy, sell, buystop, buylimit, sellstop, selllimit, close, delete, modify, tralling stop.
VirtualTradePad won 2nd prize in the "Best Control Panel in the MQL5 Language" Contest.
The panel consists of 5 tabs.
VirtualTradePad PositionsStyle VirtualTradePad Ordersstyle VirtualTradePad SignalsStyleDemo version of the panel - VirtualTradePad LiteProfit or Loss PadINFO PadYou can also try this panel for
IShift Lite is a lite version of IShift, and it doesn't include the tick chart.
IShift Lite allows:
perform trade operations directly from the depth of market with a "single touch"; automatically place Stop Loss and Take Profit; move position to breakeven; move Stop Loss along the price; automatically calculate the volume of an order depending on a fixed risk level or a fixed margin level.The program includes a visual help system.
Note: the demonstration version downloaded via the "Demo
Fast Copy MT5 allows to copy trades between different MetaTrader 5 (netting)(hedge) and MetaTrader 4 accounts in any direction and amount, quickly and easily (without loading the system).
Any type of copying is available
MT5 —> MT5 MT5 —> MT4 MT4 —> MT5 MT4 —> MT4
* For any interaction with the MT4, it is necessary to additionally install Fast Copy MT4
One tool for sending and receiving transactions: [master] > [slave] operation mode can be selected in
Times & Sales is a famous (and old!) trading tool. However, it is not present in MetaTrader 5 as a built-in tool.
DeltaTrader now presents this indicator for MetaTrader! It has the following characteristics:
Two flag modes: FOREX and EXCHANGE
FOREX: black color: last price = 1-Minute opening price / blue color: last price < 1-Minute opening price / green color: last price > 1-Minute opening price. EXCHANGE: black color: last price = between quotes / blue color: last price = bid price / gre
The script is intended for automatic placing of Sell Stop pending orders, Stop Losses and Take Profits on the user specified levels. This script is not that useful as "Virtual pending buy stop", since short positions are opened as Bid price crosses the levels. Thus spread widening is not dangerous. Nevertheless, you need to have this script to prevent unwanted hitting of the Stop Loss levels.
Automation of the process of placing the Sell Stop pending orders, Stop Losses and T
Does not support hedging orders on a single symbol on MT5
MultiMTCopier MT5Receiver - new and improved multi-terminal positions copier for your real/demo account, works faster, requires less, flexible in managing and upgrading, new information support. This Expert Advisor is designed for the MetaTrader 5 terminal, trades will be copied into this terminal.
The EA will copy all positions without delays Additionally integrated notification in situations requiring user attention
This is an extended version of Heiken Ashi indicator with the ability to average (smooth) the values for the specified period of bars and select the applied price: considering "Open price" or not. The description is provided in the parameters. Three screenshots are displayed below: standard version (1 bar), 3 bars and 5 bars.
МetaTrader 4 version: https://www.mql5.com/en/market/product/7326
The Expert Advisor uses the strategy of trading the Fibonacci levels. As the basis for placing a grid, the EA uses the ZigZag indicator (included in the standard MetaTrader delivery).
First, the EA determines the trend direction. To do that, according to the Dow theory, it uses the last two Highs and last two Lows of the ZigZag.
If the last High is higher than the previous and the last Low is higher than the previous, the EA considers the trend to be ascending. If the last High is lower
Percent Crosshair is a powerful and easy percentage measure tool.
Measure the chart percentage very quick! Don't waste your time anymore!
Just attach the Percent Crosshair indicator in the chart, select crosshair mode at toolbars or press "Ctrl+F" and start using the crosshair as you always do! The percent measure will be next to the indicative price.
Customize your indicator the way you want!
There are 4 entry parameters:
Positive % color: set the desired color when % is positive. Negat
Does not support hedging orders on a single symbol on MT5
MultiMTCopier MT5Source - new and improved multi-terminal positions copier for your real / demo account, works faster, requires less, flexible in managing and upgrading, new information support. This expert is designed for terminal MetaTrader5 from which the position will be copied.
The EA will copy all positions without delays Additionally integrated notification in situations requiring user attention Buttons for re
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price. Setting a necessary virtual order and entering the market in
The trade strategy is based on three moving averages. To determine the trend, it uses three exponentially smoothed moving averages: FastEMA, MediumEMA and SlowEMA.
Buy signal: FastEMA>MediumEMA>SlowEMA (upward trend).Sell signal: FastEMA<MediumEMA<SlowEMA (downward trend).Input parameters:
Inp_Signal_ThreeEMA_FastPeriod = 8;Inp_Signal_ThreeEMA_MediumPeriod = 38;Inp_Signal_ThreeEMA_SlowPeriod = 48;Inp_Signal_ThreeEMA_StopLoss = 400;Inp_Signal_ThreeEMA_TakeProfit = 900;Inp_Money
The indicator is intended for determining the spread and swap size, the distance for setting stop orders and stop losses from the current price allowed and the risk per 1 point in the deposit currency.
The indicator informs a trader about possible additional expenses and profits connected with transferring a position to the next trade session of the financial instrument. It also informs about the spread size and the distance of pending orders, stop loss and trailing from the current price. In a
This is an utility for automatic scaling of a chart and making at least 140 bars visible in it. This is necessary for a correct wave analysis according to the Bill Williams' strategy "Trading Chaos". The utility can be used on any timeframe available in МetaТrader 5.
It draws a vertical line through the first bar the calculation starts from. This line allows you to see the probable starting point of the wave sequence along with a sufficient number of bars displayed in the chart. It also makes t
This is a panel for controlling the profit/loss in dollars, pips or % of balance. A new function for trailing profits has been implemented.
The panel can be used as a virtual Stop Loss or Take Profit.
It also features the emergency button - CLOSE ALL.
You can also try the full version of the VirtualTradePad for mt5 panel, as well as the Profit or Loss for mt4 panel
Other versions in this collection:
VirtualTradePad for mt5 Digit Market Time Pad Market Time Pad Scalper PadMain f
The PZ Day Trading indicator detects reversals in a zig-zag fashion, without repainting or backpainting. Based on breakouts of variable lengths, the indicator uses only price action to pick trades and reacts to the market very fast. The positional accuracy of its signals offers huge opportunity for profits, easily up to 80% winners.
Amazingly easy to tradeChart statistics will help you to optimize your tradingIt works on every single timeframe without fine tuningThe indicator analyzes its own q
The script allows users to easily close positions if their profit/loss reaches or exceeds a value specified in pips.
Please set slippage value first. Sometimes some positions do not close due to high volatility of the market. Please set larger slippage or restart the script.
We present you an effective software solution for arbitrage between brokers.
The Arbitrage on the market became widespread due to decentralization. There are many liquidity providers, whose quotes differ for various reasons. By tracking the dynamics of changes in the quotes of different brokers, it is possible to determine the delayed and leading brokers, thereby predicting the future prices of the delayed broker for a short time. Knowing these prices and using efficient built-in software filte
The script creates account summary report in a separate window.
The report can be created for all deals and on deals for selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
The script creates account summary report in a separate window.
The report can be created for all deals and for deals of the selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
Safe Automatic is a safe MetaТrader 5 trading robot working autonomously on a VPS server. The good results are achieved on EURUSD.
The EA applies modified versions of a trend-following strategy, half-pyramiding, scalping, Elliott Wave method and speculating trading with a deposit protection. The EA switches the strategies automatically. The robot does not trade at night from 10 p.m. to 4 a.m. (server time).
The robot was tested in the special tester on real ticks. Empirical e
thanks for share it.
but u can add in this zerolag and smooth
The Force Index is an indicator that uses price and volume to assess
the power behind a move or identify possible turning points. Developed
by Alexander Elder, the Force Index was introduced in his classic book,
Trading for a Living. According to Elder, there are three essential
elements to a stock's price movement: direction, extent and volume. The
Force Index combines all three as an oscillator that fluctuates in
positive and negative territory as the balance of power shifts. The
Force Index can be used to reinforce the overall trend, identify
playable corrections or foreshadow reversals with divergences.
Calculation for the one period Force Index is straight forward. Simply
subtract the prior close from the current close and multiply by volume.
The Force Index for more than one day is simply an exponential moving average
of the 1-period Force Index. For example, a 13-Period Force Index is a
13-period EMA of the 1-period Force Index values for the last 13
Three factors affect Force Index values. First, the Force Index is
positive when the current close is above the prior close. The Force
Index is negative when the current close is below the prior close.
Second, the extent of the move determines the volume multiplier. Bigger
moves warrant larger multipliers that influence the Force Index
accordingly. Small moves produce small multipliers that reduce the
influence. Third, volume plays a key role. A big move on big volume
produces a high Force Index values. Small moves on low volume produce
relatively low Force Index values. The table below shows the Force Index
calculations for Pfizer (PFE). Line 27 marks the biggest move (+84
cents) and the biggest volume (162,619). This combination produces the
biggest Force Index value on the table (136,600).
The chart above shows the Force Index in action. Notice how the 1-period
Force Index fluctuates above/below the zero line and looks quite
jagged. Elder recommends smoothing the indicator with a 13-period EMA to
reduce the positive-negative crossovers. Chartists should experiment
with different smoothing periods to determine what best suits their
As noted above, there are three elements to the Force Index. First,
there is either a positive or negative price change. A positive price
change signals that buyers were stronger than sellers, while a negative
price change signals that sellers were stronger than buyers. Second,
there is the extent of the price change, which is simply the current
close less the prior close. The "extent" shows us just how far prices
moved. A big advance shows strong buying pressure, while a big decline
shows strong selling pressure. The third and final element is volume,
which, according to Elder, measures commitment. Just how committed are
the buyers and sellers? A big advance on heavy volume shows a strong
commitment from buyers. Likewise, a big decline on heavy volume shows a
strong commitment from sellers. The Force Index quantifies these three
elements into one indicator that measures buying and selling pressure.
The Force Index can be used to reinforce or determine the trend.
The trend in question, short-term, medium-term or long-term, depends on
the Force Index parameters. While the default Force Index parameter is
13, chartists can use a higher number for more smoothing or a lower
number for less smoothing. The chart below shows Home Depot with a
100-day Force Index and a 13-day Force Index. Notice how the 13-day
Force Index is more volatile and jagged. The 100-day Force Index is
smoother and crosses the zero line fewer times. In this regard, the
100-day Force Index can be used to determine the medium or long-term
trend. Notice how a resistance breakout on the price chart corresponds
to a resistance breakout on the 100-day Force Index. The 100-day Force
Index moved into positive territory and broke resistance in mid
February. The indicator remained positive during the entire uptrend and
turned negative in mid May. The early June support break on the price
chart was confirmed with a support break in the Force Index.
Bullish and bearish divergence
can alert chartists of a potential trend change. Divergences are
classic signals associate with oscillators. A bullish divergence forms
when the indicator moves higher as the security moves lower. The
indicator is not confirming weakness in price and this can foreshadow a
bullish trend reversal. A bearish divergence forms when the indicator
moves lower as the security moves higher. Even though the security is
moving higher, the indicator shows underlying weakness by moving lower.
This discrepancy can foreshadow a bearish trend reversal.
Confirmation is an important part of bullish and bearish divergences.
Even though the divergences signal something is amiss, confirmation from
the indicator or price chart is needed. A bullish divergence can be
confirmed with the Force Index moving into positive territory or a
resistance breakout on the price chart. A bearish divergence can be
confirmed with the Force Index moving into negative territory or a
support break on the price chart. Chartists can also use candlesticks,
moving average crosses, pattern breaks and other forms of technical
analysis for confirmation.
The chart above shows Best Buy (BBY) with the Force Index (39) sporting a
series of divergences. The green lines show bullish divergences, while
the red lines show bearish divergences. A bullish divergence is
confirmed when the Force Index (39) crosses into positive territory
(green dotted lines). A bearish divergence is confirmed when the Force
Index (39) crosses into negative territory (red dotted lines). Chartists
can also use trendline breaks on the price chart for confirmation.
This chart shows two versions of the Force Index. The Force Index (13)
captures short-term fluctuations and is more sensitive. The Force Index
(39) captures medium-term fluctuations and is smoother. The 39-day Force
Index produces fewer zero line crossovers and these crossovers last
longer. There is no right or wrong answer for these settings. It depends
on trading objectives, time horizon and analytical style.
The Force Index can be used in conjunction with a trend following
indicator to identify short-term corrections within that trend. A
pullback from overbought
levels represents a short-term correction within an uptrend. An
oversold bounce represents a short-term correction within a downtrend.
Yes, corrections can be up or down, it depends on the direction of the
bigger trend. Alexander Elder recommends using a 22-day EMA for trend
identification and a 2-day Force Index to identify corrections. The
trend is up when the 22-day EMA is moving higher, which means the 2-day
Force Index would be used to identify short-term pullbacks for buying.
The trend is down when the 22-day EMA is moving lower, which means the
2-day Force Index would be used to identify short-term bounces for
selling. This is an aggressive strategy best suiting for active traders.
The timeframe can be adjusted by using a longer moving average and
timeframe for the Force Index. For example, medium-term traders might
experiment with a 100-day EMA and 10-day Force Index.
There are two-schools of thought regarding the correction play. Traders
can either act as soon as the correction is evident or act when there is
evidence the correction has ended. Let's look at an example with the
22-day EMA and 2-day Force Index. Keep in mind that this is designed to
identify very short corrections within a bigger trend. The chart below
shows Texas Instruments (TXN) with the 22-day EMA turning up in mid
With the 22-day EMA rising, traders are looking for very short-term
pullbacks when the 2-day Force Index turns negative. Traders can act
when the Force Index turns negative or wait for it to move back into
positive territory. Acting when negative may improve the reward-to-risk
ratio, but the correction could extend a few more days. Waiting for the
Force Index to turn positive again shows some strength that could signal
the correction has ended. The green dotted lines show when the 2-day
Force Index turns negative.
The Force Index is uses both price and volume to measure buying and
selling pressure. The price portion covers the trend, while the volume
portion determines the intensity. At its most basic, chartists can use a
long-term Force Index to confirm the underlying trend. The bulls have
the edge when the 100-day Force Index is positive. The bears have the
edge when the 100-day Force Index is negative. Armed with this
information, traders can then look for short-term setups in harmony with
the larger trend, such as bullish setups in a larger uptrend or bearish
setups within a larger downtrend. As with all indicators, traders
should use the Force Index in conjunction with other indicators and analysis techniques.