Articles, Library comments - page 34

BMA or Band Moving Average MT5 : BMA MetaTrader indicator or Band Moving Average — was created by using the original moving average indicator and the idea from one of the site's visitors. The indicator displays itself in the form of three lines: the central one is the standard MT4/MT5 moving average

Check out the new article: MQL5 Wizard Techniques you should know (Part 62): Using Patterns of ADX and CCI with Reinforcement-Learning TRPO . The ADX Oscillator and CCI oscillator are trend following and momentum indicators that can be paired when developing an Expert Advisor. We continue where we

TrendMagic : The Trend Magic indicator. It uses the Commodity Channel Index (period=50) and Average True Range (period=5) indicators for the calculations. Author: Сергей

Schaff Trend Cycle MT5 : Schaff Trend Cycle (MetaTrader indicator) — is a cyclical oscillator created by calculating the stochastic over stochastic over a MACD line using cycles. The result is the improved version of the oscillator that is not choppy during the trends and reacts to the changes very

RSIOMA MT5 : RSIOMA MetaTrader indicator — this indicator takes two moving averages, calculates their RSI (Relative Strength Index) and then also adds a moving average of the calculated RSI. These two lines now can accurately signal the trend changes. They are shown in the separate window where they

Buy Sell Stop Buttons: "Buy Sell Stop Buttons" EA sets up 3 buttons for manual trading and allows to predetermine trailing stoploss & take profit, open and close all trades at once. Author: Aharon Tzadik

Multi_ATR_Bands : Three ATR Bands with multiple selection Author: Scriptor

Check out the new article: Data Science and ML (Part 37): Using Candlestick patterns and AI to beat the market . Candlestick patterns help traders understand market psychology and identify trends in financial markets, they enable more informed trading decisions that can lead to better outcomes. In

wd.Range_DailyAvg : This indicator helps user estimate the potential price movement for the current day, based on 20 days historical data and market trends. Author: Widy Prasetyo

Brooky Trend Strength for MT5 : This indicator calls 3 other subwindow indicators. All files go in your Indicators folder. Author: Ryan L Johnson

Trending or Ranging and Trend Strength Indicator: The indicator shows the power of the trend that is in place and whether a pair is trending or ranging. Many user adjustable variables. Author: marc weedbrook

Check out the new article: Formulating Dynamic Multi-Pair EA (Part 2): Portfolio Diversification and Optimization . Portfolio Diversification and Optimization strategically spreads investments across multiple assets to minimize risk while selecting the ideal asset mix to maximize returns based on

Check out the new article: Creating Dynamic MQL5 Graphical Interfaces through Resource-Driven Image Scaling with Bicubic Interpolation on Trading Charts . In this article, we explore dynamic MQL5 graphical interfaces, using bicubic interpolation for high-quality image scaling on trading charts. We

Stochastic Buy Sell Arrows with Alert: Buy and Sell arrows based on exit from overbought and oversold region in Stochastic Oscillator. Author: Nitin Raj

Check out the new article: The Kalman Filter for Forex Mean-Reversion Strategies . The Kalman filter is a recursive algorithm used in algorithmic trading to estimate the true state of a financial time series by filtering out noise from price movements. It dynamically updates predictions based on new

Check out the new article: From Novice to Expert: The Essential Journey Through MQL5 Trading . Unlock your potential! You're surrounded by opportunities. Discover 3 top secrets to kickstart your MQL5 journey or take it to the next level. Let's dive into discussion of tips and tricks for beginners

Check out the new article: DoEasy. Service functions (Part 3): Outside Bar pattern . In this article, we will develop the Outside Bar Price Action pattern in the DoEasy library and optimize the methods of access to price pattern management. In addition, we will fix errors and shortcomings identified

Random Trader with Customizable Risk/Reward Ratio, Break-Even : The EA opens positions randomly (50/50 chance for Buy or Sell) when no position is open. Author: Salman Soltaniyan

Check out the new article: MQL5 Wizard Techniques you should know (Part 53): Market Facilitation Index . The Market Facilitation Index is another Bill Williams Indicator that is intended to measure the efficiency of price movement in tandem with volume. As always, we look at the various patterns of

Flat Channel : The Expert Advisor trades in a channel. When a flat channel is found or when the market slows down, the EA places a pending order expecting the channel breakout. Author: Vladimir Karputov

Check out the new article: Atmosphere Clouds Model Optimization (ACMO): Practice . In this article, we will continue diving into the implementation of the ACMO (Atmospheric Cloud Model Optimization) algorithm. In particular, we will discuss two key aspects: the movement of clouds into low-pressure

Check out the new article: HTTP and Connexus (Part 2): Understanding HTTP Architecture and Library Design . This article explores the fundamentals of the HTTP protocol, covering the main methods (GET, POST, PUT, DELETE), status codes and the structure of URLs. In addition, it presents the beginning

Kuskus Starlight : Kuskus Starlight is an oscillator that utilizes a Fisher price transformation to identify trends and potential reversals. The original MT4 code by Scriptor is available at: https://www.mql5.com/en/code/8365. Author: Marteo Gonzales Cosme

Check out the new article: Integrating AI model into already existing MQL5 trading strategy . This topic focuses on incorporating a trained AI model (such as a reinforcement learning model like LSTM or a machine learning-based predictive model) into an existing MQL5 trading strategy. In this

Check out the new article: MQL5 Wizard Techniques you should know (Part 61): Using Patterns of ADX and CCI with Supervised Learning . The ADX Oscillator and CCI oscillator are trend following and momentum indicators that can be paired when developing an Expert Advisor. We look at how this can be

Volatility quality - zero line : Short description. Author: Mladen Rakic

Check out the new article: How to create a simple Multi-Currency Expert Advisor using MQL5 (Part 6): Two RSI indicators cross each other's lines . The multi-currency expert advisor in this article is an expert advisor or trading robot that uses two RSI indicators with crossing lines, the Fast RSI

Simple license on account name : Below you can find a super simple method to create a license based on MT4 account name. Place in your init function: CheckLicense(); The stringLower method makes sure the account name is in lowercase. Then you can check this value with the account name you want to

Key_Reversal : Key Reversal indicator Author: Scriptor

Multi-Currency Indicator with USD reference : The indicator is designed to show how the seven major currencies have moved against the US dollar. Author: Winston