Articles, Library comments - page 15

Equity and Balance Indicator - History based : This indicator reads the trade history and plots the Cumulative P & L over time, helping visual traders to see how much money they are making or losing over time. This current version has a difference of 0.02% marginal error, due to rounding floats, and

Check out the new article: Creating an MQL5 Expert Advisor Based on the Daily Range Breakout Strategy . In this article, we create an MQL5 Expert Advisor based on the Daily Range Breakout strategy. We cover the strategy’s key concepts, design the EA blueprint, and implement the breakout logic in

Check out the new article: Neural Networks in Trading: Node-Adaptive Graph Representation with NAFS . We invite you to get acquainted with the NAFS (Node-Adaptive Feature Smoothing) method, which is a non-parametric approach to creating node representations that does not require parameter training

Check out the new article: From Basic to Intermediate: Array (III) . In this article, we will look at how to work with arrays in MQL5, including how to pass information between functions and procedures using arrays. The purpose is to prepare you for what will be demonstrated and explained in future

AlphaTrend : It is an indicator used to determine the trend, support and resistance level of the market. When volume data is available, it calculates using MFI, if not, it calculates using RSI. Momentum: RSI and MFI Volatility: ATR Author: Mahmut Deniz

Check out the new article: Building MQL5-Like Trade Classes in Python for MetaTrader 5 . MetaTrader 5 python package provides an easy way to build trading applications for the MetaTrader 5 platform in the Python language, while being a powerful and useful tool, this module isn't as easy as MQL5

Check out the new article: SQLite capabilities in MQL5: Example of a dashboard with trading statistics by symbols and magic numbers . In this article, we will consider creating an indicator that displays trading statistics on a dashboard by account and by symbols and trading strategies. We will

New article Neural networks made easy (Part 17): Dimensionality reduction has been published: In this part we continue discussing Artificial Intelligence models. Namely, we study unsupervised learning algorithms. We have already discussed one of the clustering algorithms. In this article, I am

Relative Strength Index (RSI) : The Relative Strength Index technical indicator (RSI) is a price-following oscillator that ranges between 0 and 100. When Wilder introduced the Relative Strength Index, he recommended using a 14-day RSI.. Since then, the 9-day and 25-day Relative Strength Index

Partial Close Buy Orders : Script for partially close active buy orders Author: Muhammad Syamil Bin Abdullah

Check out the new article: Price Action Analysis Toolkit Development (Part 25): Dual EMA Fractal Breaker . Price action is a fundamental approach for identifying profitable trading setups. However, manually monitoring price movements and patterns can be challenging and time-consuming. To address

Divergence Awesome Ocilator : This MQL5 custom indicator detects divergences between price action and the Awesome Oscillator (AO), signalling potential market reversals or continuations. It plots buy/sell arrows on the chart, displays the AO as a histogram, and draws trendlines to highlight

Check out the new article: MQL5 Wizard Techniques you should know (Part 69): Using Patterns of SAR and the RVI . The Parabolic-SAR (SAR) and the Relative Vigour Index (RVI) are another pair of indicators that could be used in conjunction within an MQL5 Expert Advisor. This indicator pair, like those

Check out the new article: Price Action Analysis Toolkit Development Part 27): Liquidity Sweep With MA Filter Tool . Understanding the subtle dynamics behind price movements can give you a critical edge. One such phenomenon is the liquidity sweep, a deliberate strategy that large traders, especially

Check out the new article: Neural Networks in Trading: Contrastive Pattern Transformer (Final Part) . In the previous last article within this series, we looked at the Atom-Motif Contrastive Transformer (AMCT) framework, which uses contrastive learning to discover key patterns at all levels, from

Show Positions on Custom Chart (or standard chart) for MT5 : This indicator is a utility that shows labelled trade levels on any chart. If you want to replace your native trade levels on a native chart, then turn off "Show trade levels" in your F8 Chart Properties and attach this indicator. If you

Support and Resistance MT4 : Support and Resistance MetaTrader indicator — as the name of this indicator suggests, it displays the support and resistance levels. It shows them directly on the chart, providing an easy help when you want to set stop-loss or take-profit level, or when you want to see

ErrorDescription : The library contains functions that returns description of runtime error codes and trade server return codes. Author: MetaQuotes Software Corp

Relative Vigor Index (RVI) : The main point of Relative Vigor Index (RVI) technical indicator is that on the bull market the closing price is, as a rule, higher, than the opening price. It is the other way round on the bear market. So the idea behind Relative Vigor Index is that the vigor, or

Price Rate of Change (ROC) : As you know, prices drop and grow in ondulatory way, in cycles. This cyclic movement is a result of change in investors' expectations and the price control fight between bulls and bears. Price Rate of Change (ROC) reflects this ondulatory movement like an oscillator

Price and Volume Trend (PVT) : Price and Volume Trend (PVT) indicator, like On Balance Volume (OBV), represents the cumulative sum of trade volumes calculated considering close price changes. The calculation algorithm is close to that of the indicator OBV. But in OBV we add the whole daily volume to

Price Channel : The market is often accelerates and decelerate s its movements, so it's not easy to draw the straight lines of support and resistance levels. The Price Channel Indicator draws the price channel, its upper and lower boundaries are determined by maximal and minimal prices for a certain

Parabolic SAR : Parabolic SAR technical indicator was developed for analyzing the trending markets. The indicator is constructed on the price chart. This indicator is similar to Moving Average with the only difference that Parabolic SAR moves with higher acceleration and may change its position in

Moving Average of Oscillator (OsMA) : Moving Average of Oscillator (OsMA) is the difference between the oscillator and oscillator smoothing. In this case, the base line of Moving Average Convergence/Divergence (MACD) is used as the oscillator, and the signal line is used as the smoothing. Author

On Balance Volume (OBV) : On Balance Volume technical indicator (OBV) is a momentum technical indicator that relates volume to price change. The indicator, which Joseph Granville came up with, is pretty simple. If the close price of the current bar is higher than that of the previous bar, the volume

Momentum : The Momentum technical indicator measures the amount that a security’s price has changed over a given time period. There are basically two ways to use the Momentum indicator: You can use the Momentum indicator as a trend-following oscillator similar to the Moving Average

Money Flow Index (MFI) : Money Flow Index (MFI) is the technical indicator, which indicates the rate at which money is invested into a security and then withdrawn from it. Construction and interpretation of the indicator is similar to Relative Strength Index with the only difference that volume is

New article MetaTrader 5: Publishing trading forecasts and live trading statements via e-mail on blogs, social networks and dedicated websites is published: This article aims to present ready-made solutions for publishing forecasts using MetaTrader 5. It covers a range of ideas: from using dedicated

New article Transferring Indicators from MQL4 to MQL5 is published: This article is dedicated to peculiarities of transferring price constructions written in MQL4 to MQL5. To make the process of transferring indicator calculations from MQL4 to MQL5 easier, the mql4_2_mql5.mqh library of functions is

New article Using WinInet.dll for Data Exchange between Terminals via the Internet is published: This article describes the principles of working with the Internet via the use of HTTP requests, and data exchange between terminals, using an intermediate server. An MqlNet library class is presented