This is an open interest indicator for MetaTrader 5. It fixes open interest value once per minute and writes it to the file (on your PC). The product works on any timeframe but only with exchange instruments.
Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using.
Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Inspired by Jim Dalton’s
Cluster analysis of volumes is now available in MetaTrader 5!
The YuСlusters indicator is a professional tool for analyzing the trading volumes. The cluster graph is plotted based on tick data. For the exchange financial instruments these are the volume, type and price of a deal. For the Forex instruments - the real or tick volume (depending on the broker) and Bid price.
There are 6 criteria of cluster generation:
Time interval, the criterion is set in seconds. Price range, the criteri
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, and, as a consequence, tick volume is smaller.
In this case, when big amount of requests appear on the market, price changes happen more often. Big tick volume appears. Tick volume is an important indicator of trad
Find Shoulder-Head-Shoulder chart patterns easily with this indicator.
Easy to use Customizable colors and sizes It implements breakout signals It implements alerts of all kinds
Indicator Settings - The amplitude represents the size of the patterns to be found. The max. history bars parameter is the amount of bars in the chart to look back.
Less bars to evaluate means the indicator will load faster. Patterns - Choose the colors of the patterns. Breako
Fast Copy MT5 allows you 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
MT4 → MT5 MT4 → MT4 MT5 → MT5 MT5 → MT4
* For the MetaTrader 4 terminal — Fast Copy MT4
* For the MetaTrader 5 terminal — Fast Copy MT5
** Before the purchase, you can test the program by downloading the free demo versions — Fast
This is the Famous Timing Indicator
You can now use the most famous Timing indicator on the planet.
Millionaire Mostafa Belkhayate earned his reputation by using this specific indicator to validate the entry signals supplied by his also famous Center of Gravity indicator on the Forex market. I spent hours, days, weeks to decrypt the formula and now it is finally available to you.
New and Unique for MetaTrader 5
Timing will give you perfect validations for your entry signals. It is the first
The Trade Manager Pro EA is a MetaTrader Expert Advisor that performs position management for you avoiding human errors and enhancing your trading activity.
Amazingly easy to use Trade easily from the chart Trade with precise risk management, hassle free Capital preservation is top priority Let profits run without your attention Enjoy risk-free trades as soon as possible Automatic trailing stops for all opened trades Initial stop losses are placed as soon as trades are
The main purpose of the indicator is to detect and mark on a chart the following trade signals described in "New Trading Dimensions":
Bullish and bearish reverse bars with angulation (including squat). Bars in the green and red zones according to the histogram color of Awesome Oscillator and Accelerator Oscillator. Bars in the grey zone, when the Awesome Oscillator and Accelerator Oscillator histograms below these bars have opposite directions. Blue squat bars on chart independent of the
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
This indicator extracts a trend from a price series and forecasts its further development. Algorithm is based on modern technique of Singular Spectral Analysis (SSA). SSA is used for extracting the main components (trend, seasonal and wave fluctuations), smoothing and eliminating noise. Does not require the series to be stationary, as well as the information on presence of periodic components and their periods. It can be applied both to price series and to the data of other indicators.
Equity ProfitLoss Control is an Expert Advisor that controls equity considering the initial balance. The Expert Advisor closes all positions when an equity value specified in percentage or deposit currency is reached.
Equity is calculated as a difference between the current equity and the initial balance fixed when there are no positions or the balance at the very first start of the Expert Advisor.
There are notification functions: Alert, Mail, Sound, Mobile, display of information (the curren
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
All traders using VSA realize the importance of the volume. Unfortunately, tick and spot volumes are not suitable for these purposes.
I have conducted mathematical calculations and managed to trnsform the price into the volume that is close to the futures one by its ratios. Now, you do not have to wrestle with the question of where to obtain the volume data. Besides, you will be able to use the currency pairs having no futures at all. With RealVolume, you do not need to remember data on each ti
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
Volume is an important indicator in combination with price movements.
Volumes Overaverage Notifier informs you when activity is entering the market.
This indicator is able to notify you via push notifications, alerts, sounds and emails when it is recognizing rising volume above a customizable level.
The volumes histogram is divided and colored in 4 different parts - low, normal, high and ultrahigh volume levels.
Low volume zones are drawn as a rectangle into the chart.
How to Use
Monitoring and Trend Analysis
This product shows the trend strength levels based on 16 standard indicators, time periods and currency groups.
Depending on the current trend, the indicator colors change from green to red, allowing you to see the full picture.
Whatever your trading method and strategy are, you should always know, in which direction you are trading and what the probability of the trend change is. This indicator will help you answer these questions by calculating the
The indicator represents an additional chart window with a lower time frame where bars are combined into groups that are equivalent in time to main chart time frame. Bars are synchronized by the right hand side of the window, i.e. the time of the last bar in the main window corresponds to the time of the last bar group in the additional window. The maximum number of groups is 16; the maximum number of bars combined into groups in the additional window is 256. Limitations on the numbers are requi
Chart Overlay indicator displays the price action of several instruments on the same chart allowing you to evaluate how differently currency pairs fluctuate relative to each other.
Find overbought or oversold currency pairs easily Plot up to 6 currency pairs overlayed on the same chart Display inverted symbols -if you want to- Adapts to chart size, zoom and timeframe Symbols can be plotted as bars or line charts The size of the overlay chart is customizable Automatic price
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
KMR Scalper MT5 is fully automated Expert Advisor. Robot is high frequency trading . The strategies based on price levels' breakout, robot finds when price breaks on 1H and 4H time frames. Always uses only pending orders with tiny stops and there is no martingale,grid or hedge, just smart money management. In inputs there is no lot variable cause better to trade with money management. KMR Scalper open big count of trades but stop loss is only 5 pips and it's enough to avoid big drawdown in long
One of the versions of the regression channel in MetaTrader 5.
The Regression Channel consists of two lines, which are equally distant up and down from the regression trend line. The distance between the borders of the channel and the regression line is equal to the deviation of the maximum Close price from the regression line.
HiLo Activator v1.02 by xCalper
The HiLo Activator is similar to moving average of previous highs and lows.
It is a trend-following indicator used to display market’s direction of movement. The indicator is responsible for entry signals and also helps determine stop-loss levels.
The HiLo Activator was first introduced by Robert Krausz in the Feb. 1998 issue of Stocks & Commodities Magazine.
FULL Automatic is a fully autonomous trading robot for MetaТrader 5 without configurable parameters.
It is similar to SAFE Automatic robot intended for traders having no knowledge of trading basics. It works in Low, Medium, High and Extremal trading modes.
The EA applies modified versions of well-known strategies, including Elliott waves, following a trend, half-pyramiding, scalping, speculative trading with a double deposit protection. The EA switches the strategies automati
Does not support openning multiple 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
Create your own list of trading instruments Watch list* and combine it with several open charts Link **.
Using this program, a user can create fully-fledged Watch lists, create and delete trading instruments and move through the list.
A selected symbol shows charts in linked windows. Linked windows can have different periods, indicators, experts, trading panels, etc...
Moving through his/her Watch list, a trader an see the full image of his/her strategy in all windows.
A lot of traders use 1
Three variables are available for every strategy, any one of them can be disabled, their period can be changed.
type_order=ORDER_FILLING _FOK - order filling type.
ReverseTrade=false — trades opens in reverse direction if true. ExitOnBar=true — trades close on each bar only. spreadcover=false — Spread you pay includes in profit trades. It's like trade with zero spread but you should remember that it can decrease exact match between tester's result and live one. It
Does not support openning multiple 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 Butt
Trade Controller provides multiple methods to protect and maximize your profits. This powerful weapon helps you to set the protect and trailing-stop rules on your trade automatically in many effective methods. Once it is set and turned on, you don't need to monitor your orders anymore, the software will keep watching and control your orders with your predefined rules.
It's designed to support multi-protection and trailing strategy: Protect by break-even, protect by percentage, protect by pip, p
Robust median Renko style indicator for creating custom charts resembling Median Renko, Mean Renko, Turbo Renko and Better Renko candles as well as vanilla Renko with wicks plus PointO charts. This all in one package provides all of the signals needed by day traders, scalpers and even long term traders.
The indicator is an overlay on the main chart so it is possible to utilize one-click trading and order manipulation directly on the custom charts. Visual order placement is a
Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2016.05.21 07:21
Renko - indicator for MetaTrader 5
Renko (extraction from Achelis - Technical Analysis from A to Z)
The Renko charting method is thought to have acquired its name from "renga"
which is the Japanese word for bricks. Renko charts are similar to Three Line Break charts except that in a Renko chart,
a line (or "brick" as they're called) is drawn in the direction of the prior
move only if prices move by a minimum amount (i.e., the box size). The bricks
are always equal in size. For example, in a 5-unit Renko chart, a 20-point rally
is displayed as four, 5-unit tall Renko bricks.
Kagi charts were first
brought to the United States by Steven Nison when he published the book, Beyond Candlesticks.
Basic trend reversals are signaled with the emergence of a new white or black
brick. A new white brick indicates the beginning of a new up-trend. A new black
brick indicates the beginning of a new down-trend. Since the Renko chart is a
trend following technique, there are times when Renko charts produce whipsaws,
giving signals near the end of short-lived trends. However, the expectation with
a trend following technique is that it allows you to ride the major portion of
Since a Renko chart isolates the underlying price trend by filtering out the
minor price changes, Renko charts can also be very helpful when determining
support and resistance levels.
Renko charts are always based on closing prices. You specify a "box size"
which determines the minimum price change to display.
To draw Renko bricks, today's close is compared with the high and low of the
previous brick (white or black):
If the closing price rises above the top of the previous brick by at least
the box size, one or more white bricks are drawn in new columns. The height of
the bricks is always equal to the box size.
If the closing price falls below the bottom of the previous brick by at least
the box size, one or more black bricks are drawn in new columns. Again, the
height of the bricks is always equal to the box size.
If prices move more than the box size, but not enough to create two bricks,
only one brick is drawn. For example, in a two-unit Renko chart, if the prices
move from 100 to 103, only one white brick is drawn from 100 to 102. The rest of
the move, from 102 to 103, is not shown on the Renko chart.
Expert Advisors: Renko Line Break vs RSI EA
Sergey Golubev, 2014.03.28 07:39
Developed in the 18th century in Japan to trade rice, Renko charting is a
trend following technique. It is excellent for filtering out price
“noise” so traders can catch a major part a given Forex trend. It was
believed that the name “Renko” originated from the Japanese word ‘renga’
Similar to Kagi and Point and Figure charting, Renko ignores the element
of time used on candlesticks, bar charts, and line charts. Instead,
Renko focuses on sustained price movement of a preset amount of pips.
For example, a trader can set the bricks for as little as 5 pips or as
many as 100 or more. A new brick will not be formed until price has
moved 100 pips. It could take 24 hours for a new brick to form or it
could take just a few hours. However, no bricks will form until the
preset limit is achieved.
Find the Trend Direction
Renko charts can incorporate many of the usual technical indicators like
stochastics, MACD, and moving averages. Today’s strategy will marry up
Forex Renko charts with a 200 Exponential Moving Average (EMA) to find
trend direction. Very simply, if price is trading above its 200 EMA,
then the trend is up. If price is trading below its 200 EMA, then the
trend is down.
This filter will give us a directional bias much like a compass or GPS.
We will look to only take long trades when the Renko bricks are trending
above the 200 EMA. On the other hand, in a downtrend, if the Renko
bricks are trending below the 200 EMA, then the trend down. Forex
traders will only look to short the market. One of the biggest mistakes
swing traders make is entering trades that go counter to the dominant
When to Get In
After the dominant trend direction is determined, traders can use the
simplicity of Renko charts with a single 13 period EMA as a ‘trigger’ to
signal an entry in the direction of the major trend. First, wait for at
least two green bricks to appear above the 13 EMA. Then enter long on
the appearance of the second green brick above the 13 EMA.
Exiting for Profit and for Loss
Once a trader is “triggered” into the trade, a protective stop can be
set one-brick size below the 13 EMA. As long as the bricks remain above
the 13 EMA, we look to stay with the trend. Just as the 13 EMA can get
you in a new trade, the same EMA can be used to stop out a winning trade
locking in profits.
Traders will need to manually move the stop one brick-size below 13 EMA
and the current price brick. You can see in the example above how the
combination of Renko and the 13 EMA helps traders stay with the trend a
Sergey Golubev, 2016.05.21 07:53
Renko_v1 - indicator for MetaTrader 5
How to Use Renko Bricks and Moving Averages to Find Trades
To add a 13-period exponential moving average to the Renko chart, choose
EMA from the Add Indicator menu then change “Number of periods” to 13.
Notice the chart above which displays both Renko bars and a 13-period
exponential moving average. A simple system can be built around the
Renko bars and the moving average. When Renko price bars cross below the
moving average and turns red, traders can enter short and stay with the
trend until the Renko bars cross back above the moving average.
An initial stop could be placed just above the last blue Renko brick.
Keep in mind that in the above example, each brick is equal to five
pips. In the above example, the red circles mark where the Renko bars
crossed below the moving average. A trader can see that a number of pips
could have been gathered as the bars stayed below the moving average.
On the other hand, when the Renko bars change color and cross above the
moving average, traders can enter long placing stop just below the last
red Renko brick. The above chart shows in the green circles, points were
the Renko price bars moved above the moving average generating a clear
Renko charts, without the dimension of time, may take a little getting a
little used to. But once you get the hang of them, you may find it
difficult to go back to the candles. Adding a moving average gives
excellent signals for entry and exit. Marrying them up with other
indicators can magnify the benefits of trading without noise and scary
There are a lot of videos on YouTube that describe setting up Renko charts.
You will need a converter since it is not standard in Metatrader. You can find them on Google or I could send you one if you request.
ARTICLES has more information on Renko setup and trading strategy. I use Renko charts every day and you can follow me or others that use Renko to see what other people are doing in real trading. I am a strong believer in Renko but a strategy to trade with those charts is more involved than many presentations make it seem.