Articles, Library comments - page 38

MACD : The Moving Average Convergence/Divergence (MACD) is the next trend-following dynamic indicator. It indicates the correlation between two Moving Averages of a price. Author: MetaQuotes Software Corp

Ichimoku Kinko Hyo : The Indicator Ichimoku Kinko Hyo is predefined to characterize the market Trend, Support and Resistance Levels, and to generate signals of buying and selling. Author: MetaQuotes Software Corp

Heiken-Ashi : The Heiken-Ashi indicator is looks like the candlestick chart, but it has some difference.The advantage of the Heiken-Ashi charts is a simple trend determination, the upward trend candles are blue,the downward trend candles are red. Author: MetaQuotes Software Corp

Gator Oscillator : The Gator Oscillator is based on the Alligator and shows the degree of convergence/divergence of the Balance Lines (Smoothed Moving Average). Author: MetaQuotes Software Corp

Fractals : The Fractal is one of 5 indicators of Bill Williams’ trading system, which allows to detect the bottom or the top. Author: MetaQuotes Software Corp

Force Index (FRC) : Force Index technical indicator was developed by Alexander Elder. This index measures the Bulls Power at each increase, and the Bears Power at each decrease. It connects the basic elements of market information: price trend, its drops, and volumes of transactions. This index can

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 An example of the development of a trading system based on the differences in timezones on different continents is published: Surfing the Internet, it is easy to find many strategies, which will give you a number of various recommendations. Let’s take an insider’s approach and look into

New article Creating Tick Indicators in MQL5 is published: In this article, we will consider the creation of two indicators: the tick indicator, which plots the tick chart of the price and tick candle indicator, which plot candles with the specified number of ticks. Each of the indicators writes the

Detrended Price Oscillator (DPO) : Detrended Price Oscillator removes the trend effect of price movement. This simplifies the process of finding out cycles and overbought/oversold levels. Long-term cycles consist of several shorter cycles. Analyzing such short components helps to define crucial

New article Creating an Indicator with Multiple Indicator Buffers for Newbies is published: The complex codes consist of a set of simple codes. If you are familiar with them, it doesn't look so complicated. In this article, we will consider how to create an indicator with multiple indicator buffers

New article MQL for "Dummies": How to Design and Construct Object Classes is published: By creating a sample program of visual design, we demonstrate how to design and construct classes in MQL5. The article is written for beginner programmers, who are working on MT5 applications. We propose a simple

New article The Drawing Styles in MQL5 is published: There are 6 drawing styles in MQL4 and 18 drawing styles in MQL5. Therefore, it may be worth writing an article to introduce MQL5's drawing styles. In this article, we will consider the details of drawing styles in MQL5. In addition, we will

New article MetaTrader 5 and MATLAB Interaction is published: This article covers the details of interaction between MetaTrader 5 and MatLab mathematical package. It shows the mechanism of data conversion, the process of developing a universal library to interact with MatLab desktop. It also covers

New article Processing of trade events in Expert Advisor using the OnTrade() function is published: MQL5 gave a mass of innovations, including work with events of various types (timer events, trade events, custom events, etc.). Ability to handle events allows you to create completely new type of

New article Creating an Indicator with Graphical Control Options is published: Those who are familiar with market sentiments, know the MACD indicator (its full name is Moving Average Convergence/Divergence) - the powerful tool for analyzing the price movement, used by traders from the very first

New article How to call indicators in MQL5 is published: With new version of MQL programming language available not only the approach of dealing with indicators have changed, but there are also new ways of how to create indicators. Furthermore, you have additional flexibility working with

Check out the new article: MQL5 Wizard Techniques you should know (Part 37): Gaussian Process Regression with Linear and Matern Kernels . Linear Kernels are the simplest matrix of its kind used in machine learning for linear regression and support vector machines. The Matérn kernel on the other hand

Simplest CSV file reader : Provide simplest class to read and parse CSV file Author: Denis Kislicyn

Check out the new article: Simple solutions for handling indicators conveniently . In this article, I will describe how to make a simple panel to change the indicator settings directly from the chart, and what changes need to be made to the indicator to connect the panel. This article is intended

Get Position commission OrderCommission (mt4 term) of an active position in MT5 : Get commission of an active position in mt5 , its easy to use function. Author: Farrukh Aleem

Telegram To MT5 Copier : TelegramToMT5 is a MetaTrader 5 Expert Advisor that bridges Telegram and MT5 by displaying messages from your Telegram channels, groups, and private chats directly on your trading charts. Simply create a Telegram bot, add it to your desired channels/groups, and let the EA

ATR Channels Indicator : The indicator displaying multi level of ATR Channel. Author: Muhammad Syamil Bin Abdullah

Check out the new article: Automating Trading Strategies in MQL5 (Part 15): Price Action Harmonic Cypher Pattern with Visualization . In this article, we explore the automation of the Cypher harmonic pattern in MQL5, detailing its detection and visualization on MetaTrader 5 charts. We implement an

PriceLines : Script for drawing a price markup. Author: Alexey Volchanskiy

Check out the new article: ALGLIB library optimization methods (Part II) . In this article, we will continue to study the remaining optimization methods from the ALGLIB library, paying special attention to their testing on complex multidimensional functions. This will allow us not only to evaluate

Check out the new article: Automating Trading Strategies in MQL5 (Part 11): Developing a Multi-Level Grid Trading System . In this article, we develop a multi-level grid trading system EA using MQL5, focusing on the architecture and algorithm design behind grid trading strategies. We explore the

Multi Currency Template: This is Multi Currency Expert Advisor Template that can trade according to symbol list (default 6 symbols).For Example, Ichimoku Chinkou Span is used for entry logic.// Main input parametersinput double Lots = 0.01; // Basic lot sizeinput int StopLoss= 50; //Stoploss (in

New article Migrating from MQL4 to MQL5 is published: Many developers have accumulated a lot of indicators and trading strategies written in MQL4. To use them in Metatrader 5, they should be converted to MQL5. It's not so easy to rewrite all programs in MQL5. It would be much easier to convert them

Check out the new article: Price Action Analysis Toolkit Development (Part 26): Pin Bar, Engulfing Patterns and RSI Divergence (Multi-Pattern) Tool . Aligned with our goal of developing practical price-action tools, this article explores the creation of an EA that detects pin bar and engulfing