An indicator for trend following trading implemented in the form of a colored cloud.
Open a position when the color changes. Monotonic convergence of the lines indicates the fading trend. This indicator is actually a combination of the bull and bear power indicators, one of which is upside...
A MetaTrader 5 indicator of short-term, medium-term and log-term extreme points created based on the book of Larry Williams "Long-Term Secrets to Short-Term Trading".
Author: Andrey Shpilev
The indicator draws candlesticks of a larger timeframe as color filled rectangles in accordance with the values of the SimpleBars indicator.
Depending on trend direction the candlestick body is painted in green or red, shadows are painted in the lime or orange...
Have you ever wondered if your history files are complete or have gaps (i.e. data missing for some periods of time) ? This EA reports all the gaps in your history file for the symbol and timeframe selected.
Launch the EA in the strategy tester with 'Use date' checkbox unticked...
The indicator helps to find the correct trend before enter the market.
Open trade when Lime Line is greater then Green Line and exit trade when Lime Line is lesser then Green Line.
Author: Totom Sukopratomo
New article Freelance Jobs on MQL5.com - Developer's Favorite Place has been published: Developers of trading robots no longer need to market their services to traders that require Expert Advisors - as now they will find you. Already, thousands of traders place orders to MQL5 freelance developers,...
FxTrend 25EMA is based on the difference of the EMA 25 value during two different moments.
The FxTrend 25EMA value represent the momentum and the strength in the market. And the color represents the trend.
Green => Bullish;Grey => no trend;Red => Bearish.
Author: Jose Luis...
New article Building a Social Technology Startup, Part II: Programming an MQL5 REST Client has been published:
In the previous part of this article, we presented the architecture of a so-called Social Decision Support System.
On the one hand, this system consists of a MetaTrader 5 terminal...
This Expert can run on all Symbols and Time Frames and uses the crossover of two Linear Moving Averages as Signal and an Exponential Moving Average as Trailing Stop. Use the Strategy Tester and build up your complete Trading System.
Signal of the Expert is based on the crossover of two...
Some basic information which every trader needs.
This indicator is tick- and timer-based also, so you don't have to wait for a new tick to update the time value! It is very useful for display of remaining time.
Price display in large font size (last digit is in different color...
New article Outline of MetaTrader Market (Infographics) has been published: A few weeks ago we published the infographic on Freelance service. We also promised to reveal some statistics of the MetaTrader Market. Now, we invite you to examine the data we have gathered. MetaTrader Market was...
New article Multiple Regression Analysis. Strategy Generator and Tester in One is published:
The article gives a description of ways of use of the multiple regression analysis for development of trading systems. It demonstrates the use of the regression analysis for strategy search automation. A...