Articles, Library comments - page 2

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

Examples from the book "Neural networks for algorithmic trading with MQL5" : The book "Neural networks in algorithmic trading with MQL5" is a comprehensive guide, covering both the theoretical foundations of artificial intelligence and neural networks and practical aspects of their application in

Pending tread EA. : Pending_tread EA This Expert Advisor automatically places a grid of pending orders above and below the current market price. It supports both buy and sell pending orders with user-configurable distance (in pips), lot size, and take profit levels. The EA maintains up to 10 pending

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

2 Moving Averages : 2 Moving Averages is a custom MQL4 indicator that uses two moving averages (fast and slow) to identify potential trend changes and generate buy or sell signals based on crossover points. It enhances signal reliability by optionally integrating support and resistance levels

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

New article The algorithm of ticks’ generation within the strategy tester of the MetaTrader 5 terminal is published: MetaTrader 5 allows us to simulate automatic trading, within an embedded strategy tester, by using Expert Advisors and the MQL5 language. This type of simulation is called testing of

New article OOP in MQL5 by Example: Processing Warning and Error Codes is published: The article describes an example of creating a class for working with the trade server return codes and all the errors that occur during the MQL-program run. Read the article, and you will learn how to work with

New article Practical Application Of Databases For Markets Analysis is published: Working with data has become the main task for modern software - both for standalone and network applications. To solve this problem a specialized software were created. These are Database Management Systems (DBMS)

New article Creating and Publishing of Trade Reports and SMS Notification is published: Traders don't always have ability and desire to seat at the trading terminal for hours. Especially, if trading system is more or less formalized and can automatically identify some of the market states. This

New article Connection of Expert Advisor with ICQ in MQL5 is published: This article describes the method of information exchange between the Expert Advisor and ICQ users, several examples are presented. The provided material will be interesting for those, who wish to receive trading information