Magician Of Custom Index chart window

  • Indicators
  • BaiChun Li
    BaiChun Li

    BaiChun Li

    5 (4)
    Strict Developing, strict testing, the attitude is serious, the price is reasonable!
    Familiar with MQL4 and MQL5, familiar with the development of EA, index and script!
    With more than 5 years of experience, a lot of code to the Chinese users!

    skype:mangoLee@hotmail.com
    4 products 13 topics 130 comments
  • Version: 2.0
  • Updated: 18 May 2019
  • Activations: 5

Charles Henry Dow felt that if the industrial average and the railroad average both moved in the same direction, it meant that a meaningful economic shift was occurring.

In brief, this indicator bases on the Dow's theory. It can create an index of market symbols, almost anythings index. For example: Index of the Euro, Index of the Great Britain Pound, Index of the Japanese Yen, Index of the Swiss Franc, Index of the Gold, Index of the New Zealand Dollar, Index of the Australian Dollar, Index of the Canadian Dollar.

Mr.Dow did not believe that his ideas should be used as the only forecaster of market ups and downs. He thought they should be only one tool of many that investors used to make business decisions.

The important, this indicator is not only to create an index. It can find symbols for deviation too. Then, I believe you know how to do.


Indicator parameters

This indicator has 5 lines so it has 5 group lines property, from 0 to 4, the last one is "INDEX":

  • Indicator0_symbol - The 1st group line used symbol.
  • Indicator0_color - The 1st group line used color.
  • Indicator0_style - The 1st group line used style.
  • Indicator0_width - The 1st group line used width.
  • Indicator1_symbol - The 2nd group line used symbol.
  • Indicator1_color - The 2nd group line used color.
  • Indicator1_style - The 2nd group line used style.
  • Indicator1_width - The 2nd group line used width.
  • Indicator2_symbol - The 3th group line used symbol.
  • Indicator2_color - The 3th group line used color.
  • Indicator2_style - The 3th group line used style.
  • Indicator2_width - The 3th group line used width.
  • Indicator3_symbol - The 4th group line used symbol.
  • Indicator3_color - The 4th group line used color.
  • Indicator3_style - The 4th group line used style.
  • Indicator3_width - The 4th group line used width.
  • Indicator4_color - The 5th group line used color.
  • Indicator4_style - The 5th group line used style.
  • Indicator4_width - The 5th group line used width.
    （The 5th group line no set name, it is a index.)
  • Info_fontsize - Displayed information's font size in indicator.
  • Info_corner - Displayed information's position.
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Mohamed Hassan
4.33 (6)
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Prop Firm Sniper MT4  is a professional market structure indicator that automatically identifies high-probability BUY and SELL opportunities using BOS and CHoCH analysis. Recommended Timeframes: For backtesting, use the indicator on   M5 or M15   for Gold (XAUUSD), and   M15 or H1   for more volatile Forex pairs such as   GBPUSD, USDJPY, EURGBP , and similar markets. CONTACT ME AFTER PURCHASE TO CLAIM YOUR FREE BONUSES! Prop Firm Sniper  is a professional market structure indicator designed t
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Specials Discount now. The Next Generation Forex Trading Tool. Dynamic Forex28 Navigator is the evolution of our long-time, popular indicators, combining the power of three into one: Advanced Currency Strength28 Indicator (695 reviews) + Advanced Currency IMPULSE with ALERT (520 reviews) + CS28 Combo Signals (recent Bonus) Details about the indicator  https://www.mql5.com/en/blogs/post/758844 What Does The Next-Generation Strength Indicator Offer? Everything you loved about the originals, now
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