BB Stops - RSI: BB Stops using RSI for stops calculation. For trend trading it is advised to use longer RSI periods. For scalping it is probably better to use shorter RSI periods, but in any case do some experimenting with periods before using it in live trading. Author: Mladen...
Volatility Quality - on chart: Volatility Quality indicator made "on-chart". It can display values as: Bars , Candles , Lines When values are displayed as lines, then the average of Close is used for displayed line. The color is based on...
Super Trend - Extended: Super Trend indicator extended with additional display types: Bars , Candles , Lines , Automatic - depends on the chart type and adjusts the display automatically. Author: Mladen Rakic
Super Trend: Super Trend indicator is probably one of the most known for MetaTrader 4. This version is for MetaTrader 5. There are basically two versions of Super Trend, and this one is made as the first version: it is based on CCI indicator values. Some extensions are made compared to that...
RSI Candles with Trend Envelopes: RSI Candles (RSI that calculates RSI of High, Low Open and Close and displays those values as candles) with an addition of Trend Envelopes. Since the Trend Envelopes are used on the set of Open, High, Low and Close price it only seems logical that it can be...
CCI Candles of Averages: CCI indicator made as candles. Four different CCIs are calculated: CCI of smoothed High, CCI of smoothed Low, CCI of smoothed Open, CCI of smoothed Close Those 4 values are then combined into a "candles" display of CCI. It can be used as usual CCI (using some...
CCI Candles: CCI indicator made as candles. Four different CCIs are calculated: CCI of High, CCI of Low, CCI of Open, CCI of Close Those 4 values are then combined into a "candles" display of CCI. It can be used as usual CCI (using some significant levels) or you can check when the zero...
RSI Candles - Smoothed: Combination of 4 RSI values (RSI of High, Low, Open and Close) displayed as candles. This version has additional option to enable prices pre-smoothing prior to be used in calculation, which makes it an RSI-of-MA combination. To avoid prices pre-smoothing, use...
RSI Candles: One possible way of normalizing prices into a known bound. This is a RSI of High, Low, Open and Close displayed as color candles in it's own sub-window. The interesting is that the prices are reflected in a very close manner to a known 0 to 100 range and that opens a lot of new...
Trend Envelopes - RSI: Trend Envelopes variation of RSI indicator. The RSI indicator used in this version can be pre-smoothed. That is done in order to avoid too much false signals. Pre-smoothing method used can be one of the basic averages types (SMA, EMA, SMMA or LWMA) or, if you use...
Trend Envelopes: Trend Envelopes indicator is calculated based on a % of price change. That % is then used to determine if there is a new trend or trend remains the same. This indicator is using only % deviation for calculation and that is the only parameter needed for calculation. It is...
Advanced ADX: The Average Directional Index (ADX) is a trend indicator used to measure the strength and momentum of an existing trend. This indicator's main focus is not on the direction of the trend but with the momentum. The ADX is a combination of two price movement measures, the positive...
MAMA + FAMA Multi Timeframe: The MESA Adaptive Moving Average (MAMA) and the Following Adaptive Moving Average (FAMA) combination (originally published here MAMA + FAMA) made to be multi timeframe. Timeframes supported are all the possible timeframes supported by MetaTrader 5 and it has 3...
New article Handling ZIP Archives in Pure MQL5 has been published:
The MQL5 language keeps evolving, and its new features for working with data are constantly being added. Due to innovation it has recently become possible to operate with ZIP archives using regular MQL5 tools without getting third...
StochPosition:
StochPosition is an indicator for MetaTrader 4 based on Stochastic Indicator, which shows the position and direction of Stochastic in M5 timeframe up to W1 timeframe.
Author: Roberto Jacobs
New article Graphical Interfaces XI: Rendered controls (build 14.2) has been published: In the new version of the library, all controls will be drawn on separate graphical objects of the OBJ_BITMAP_LABEL type. We will also continue to describe the optimization of code: changes in the core classes of...
Donchain counter: A trading system based on the Donchian Channel indicator. Donchian Channel indicator values are used as signals for opening a position and applying the trailing stop function. An example of a BUY signal: if the upper buffer of the indicator on the first bar is greater than that on...
Envelopes:
Envelopes technical indicator is formed with two Moving Averages, one of which is shifted upward and another one is shifted downward. The selection of optimum relative number of band margins shifting is determined with the market volatility: the higher the latter is, the stronger the...
New article Money Management by Vince. Implementation as a module for MQL5 Wizard has been published: The article is based on 'The Mathematics of Money Management' by Ralph Vince. It provides the description of empirical and parametric methods used for finding the optimal size of a trading lot. Also...
New article ZUP - Universal ZigZag with Pesavento patterns. Search for patterns has been published: The ZUP indicator platform allows searching for multiple known patterns, parameters for which have already been set. These parameters can be edited to suit your requirements. You can also create new...
New article Neural network: Self-optimizing Expert Advisor has been published:
Is it possible to develop an Expert Advisor able to optimize position open and close conditions at regular intervals according to the code commands? What happens if we implement a neural network (multilayer perceptron)...
EMA_WMA v2: EMA_WMA - Expert Advisor for MetaTrader 5. Intersection of two iMA (MA). Position trailing. This EA is a further development of the first EMA_WMA version. The position trailing function has been added in version 2. Use two lines — WMA 8 and EMA 28. When WMA crosses EMA from below —...
TrueSort_1100: The Expert Advisor waits when the lines of MA(10), MA(20), MA(50), MA(100) and MA(200) get arranged one above the other (or one below the other). The EA has been tested in the "Every Tick" mode on two timeframes: H1 and D1. The following settings were used on H1: Stop Loss = 30,...
Poker_SHOW: An Expert Advisor based on a random number generator. Trend is determined using the iMA (Moving Average, MA) indicator. The EA determines whether or not to enter a position based on the random number generator. It has eight gradations: the Poker combination number parameter:...