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RenkoBandMacdDivergence

The indicator displays Renko bars, uses their data to calculate and display the Bollinger Bands, MACD indicators and provides buy/sell signals based on divergence/convergence of the price action and oscillator.

Renko is a non-trivial price display method. Instead of displaying each bar within a time interval, only the bars where the price moved a certain number of points are shown. Renko bars do not depend on a time interval, therefore the indicator works on any timeframe without losing its efficiency.

The moments of the divergence are evaluated based on the points where the price exceeds the upper/lower Bollinger line and returns inside.

The signals are displayed as arrows, messages in a pop-up window, e-mails and push notifications. The indicator also generates EventChartCustom custom event to use the signal for trading automation. The event generated by the indicator can be processed by the EA in the OnChartEvent function. The indicator passes the following parameters to the event handler: id - identifier; sparam - text message.


Parameters

  • RenkoBar - renko bar size in points (automatically re-calculated for five-digit quotes);
  • CountBars - number of renko bars displayed on a chart;
  • bearColor - bearish renko bar color;
  • bullColor - bullish renko bar color;
  • hideBars - flag of hiding standard bars on a chart;
  • MacdFast, MacdSlow, MacdSignal - MACD parameters of the same name;
  • MacdColor, MacdSignalColor - MACD colors;
  • BandPeriod, BandDev - Bollinger parameters of the same name;
  • BandColor - color of the Bollinger lines;
  • SignalBuyColor - color of buy signal arrows;
  • SignalSellColor - color of sell signal arrows;
  • useAlert - popup alerts;
  • useMail - email alerts;
  • useNotification - push notifications;
  • CustomEventBuy - custom buy event identifier (0 - disabled);
  • CustomEventSell - custom sell event identifier (0 - disabled).
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A real rarity for scalpers. Are you looking for TFs lower than M1 ? Do you want to see the price dynamics inside the candle? This is a tool for you. Visual Ticks is an indicator that shows the tick chart in a separate window. He does it in real time waiting for changing ticks. Thanks to Visual Ticks, we can look inside the traditional candle and see the dynamics of the moving price. By setting "period_of_model" we can shape a chart made of candles. "period_of_model" defines how many c
59 USD
ExactArrows
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Pavel Krysanov
The main aim of this indicator lies in determining entry and exit points, that is why the ExactArrow indicator does not draw nothing but arrows which show entry and exit points. In spite of apparent simplicity of the indicator, it has complicated analytic algorithms which determine entry and exit points. The indicator generates exact and timely entry and exit signals which appear on the current candle. The indicator generates an average of 1-2 candles before its analogues do. The indicator is ve
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Auto CCI
Auto CCI
Vladimir Mametov
Indicator automatically defines the most efficient period, during which the accuracy of the signals on a given chart is at its highest. Period efficiency and signal accuracy values are displayed in the panel of a price chart. Depending on a symbol and time period, the accuracy of the indicator signals can reach 90%. The indicator period is calculated using overbought/oversold levels set in the inputs. After the most efficient period is found for CCI, the indicator itself is constructed. Buy and
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Netsrac SR Dashboard
Netsrac SR Dashboard
Carsten Pflug
With the SR Dashboard, you get a powerful tool to control some of the most important information in trading. Assemble a setup according to your strategy and get informed as soon as this setup is valid. Assign scores to defined conditions and let the Dashboard find them. Choose from Trend, Average Daily Range, RSI, Moving Averages, Pivot (Daily, Weekly, Monthly), Highs and Lows, Candlestick Patterns. Note: This indicator cannot be used in the Strategy Tester. The demo version here from the marke
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Multi MA Band Signal
Multi MA Band Signal
Filip Maurice Daelman
Multi MA Band Signal Indicator is a no-nonsense, no delay, no repaint indicator ! Moving Average bands together with a RSI filter is a 'simple', but very powerful and reliable signal. Five "moving average bands" generate the signals. By default : MA25, 50, 100, 200 and 400. This can be changed in the parameters as well as the MA mode and the MA band deviation. The signal indicates the number of moving average bands that are crossed. The higher the value the stronger the signal. Two signal l
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The indicator displays the moving average of a higher timeframe on the chart. The indicator parameters TimeFrame - time frame of the moving average (drop-down list) MaPeriod - moving average period MaMethod - moving average method (drop-down list) MaShift - moving average shift MaPrice - moving average price (drop-down list)
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The indicator displays the data of the standard ADX indicator from a higher timeframe on the chart. Several indicators with different timeframe settings can be placed on a single chart. The indicator parameters TimeFrame - time frame of the data (drop-down list) can not be lower than current AdxPeriod - period of the indicator for a higher timeframe AdxPrice - prices for the calculation of the indicator data from a higher timeframe
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Dual MACD Arrows
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Sergey Deev
The indicator displays the data of the MACD oscillator from two higher timeframes on the chart as icons. green arrow up - the histogram is greater than zero, the signal line is below the histogram (upward movement) green arrow down - the histogram is greater than zero, the signal line is above the histogram (downward movement) red arrow up - the histogram is less than zero, the signal line is below the histogram (upward movement) red arrow down - the histogram is less than zero, the signal line
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Harmonic Butterfly
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Sergey Deev
The indicator detects and displays М. Gartley's Butterfly pattern. The pattern is plotted by the extreme values of the ZigZag indicator (included in the resources, no need to install). After detecting the pattern, the indicator notifies of that by the pop-up window, a mobile notification and an email. The pattern and wave parameters are displayed on the screenshots. The default parameters are used for demonstration purposes only in order to increase the amount of detected patterns. Parameters
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Magic MovingAverage
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Sergey Deev
The indicator displays the averaged value of the moving averages of the current and two higher timeframes with the same parameters on the chart. If the moving averages are located one above the other, the resulting one is painted in green, showing an uptrend, in the opposite direction - red color (downtrend), intertwined - yellow color (transitional state) The indicator parameters MaPeriod - moving average period MaMethod - moving average method (drop-down list) MaShift - moving average shift
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Sqrt Moving Average
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Sergey Deev
The indicator displays the price movement on the chart, which is smoothed by the root mean square function. The screenshot shows the moving average with period 20, the smoothed root mean square (red) and simple SMA (yellow). The indicator parameters MAPeriod - Moving average period MaPrice - applied price (drop down list, similar to the standard MovingAverage average) BarsCount - number of processed bars (reduces download time when attaching to the chart and using in programs).
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Sqrt MACD
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Sergey Deev
The indicator displays the MACD oscillator in the additional window, plotted based on the root-mean-square moving averages of the lines. The screenshot shows the moving MACD indicators with the same parameters, plotted on the lines of the root-mean-square (upper) and standard (bottom) lines. The superiority of the upper indicator is visible to the naked eye. The indicator parameters MacdFast - fast root-mean-square line period MacdSlow - slow root-mean-square line period MacdSignal - signal SM
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SqrtBands
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Sergey Deev
The indicator displays the Bollinger bands on the chart, plotted based on the root-mean-square moving average of the lines. The screenshots show the standard indicator (monochrome lines) and the SqrtBands indicator (red and yellow lines) on the same time interval. It can be easily seen that the bands of the second indicator are located much closer to the price and show its movement more accurately. The indicator parameters SqrtPeriod - period of the root-mean-square line and the standard devia
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SqrtDev
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Sergey Deev
The indicator displays the standard price deviation from the root mean moving average line in the additional window. The screenshot displays the standard indicator (the lower one) and SqrtDev (the upper one). Parameters SqrtPeriod - root mean line and standard deviation period. SqrtPrice - applied price (drop-down list). BarsCount - amount of processed bars (reduces the download time when applying to a chart and using in programs).
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EA DualChannel SqrtMA
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Sergey Deev
The Expert Advisor performs the opening of trades by the signals of the Dual-Channel indicator, as well as their maintenance. The root-mean-square moving average is used as an auxiliary indicator. The long trade is opened when the Dual-Channel indicator "draws" a blue arrow, the signal candlestick is located above the moving average, directed upwards. The short trade is opened when the Dual-Channel indicator "draws" a red arrow, the signal candlestick is located below the moving average, directe
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EaOrdersSupport
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Sergey Deev
The Expert Advisor sets stop loss and take profit for orders opened manually and tracks deals, including moving to breakeven after a specified profit is reached and trailing stop with specified parameters. BUY and SELL buttons with similar functions are now displayed on the screen to test the EA in the strategy tester. They can also be used in real trading. The default settings contain data for five-digit quotes. When using the EA on four-digit quotes, the EA re-calculates the settings automatic
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ChartMultiCurrency
ChartMultiCurrency
Sergey Deev
The indicator displays the candles of an "attached" symbol at the scale of the main one. The scale is re-calculated by High/Low points of the displayed period. The Moving Average of the "attached" symbol (yellow line on the screenshot and video) is additionally shown on the chart. The Moving Average of the main chart symbol is not included. It should be launched separately. The indicator helps you to assess the correlation between the symbols during the pair trading. You can launch several indic
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ZzFibo
ZzFibo
Sergey Deev
The indicator shows the potential points for placing pending stop orders on the continuation of the movement after the roll-back. The basis of the signals are the ZigZag lines and the Fibo levels. When the price rolls back to 38.2 .. 61.8 the EA generates a signal to place a pending order at the level 100 with a target at 150 and a stop loss at the peak of the roll-back wave. Level parameters are moved to the settings. When a roll-back condition occurs, a Fibonacci grid with the levels required
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Spread Average
Spread Average
Sergey Deev
The indicator displays in the additional window the size value of each candle in points, the average value over the specified period, and also a signal of the last candle exceeding the average value multiplied by the specified coefficient. During the formation of the signal, a message can be displayed in a pop-up window and/or notifications can be sent to email and to mobile terminal. This indicator uses the MovingAverages.mqh library from the standard MetaTrader 4 software pack. The indicator
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Harmonic 50
Harmonic 50
Sergey Deev
The indicator detects and displays the 5-0 harmonic pattern on the chart according to the scheme provided in the screenshot. The pattern is plotted by the extreme values of the ZigZag indicator (included in the resources, does not require additional installation). After detecting the pattern, the indicator notifies of that by the pop-up window, a mobile notification and an email. The indicator highlights not only the complete figure, but also the time of its formation. During the formation the f
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Harmonic ABCD
Harmonic ABCD
Sergey Deev
The indicator detects and displays the AB=CD harmonic pattern on the chart according to the scheme provided in the screenshot. The pattern is plotted by the extreme values of the ZigZag indicator (included in the resources, does not require additional installation). After detecting the pattern, the indicator notifies of that by the pop-up window, a mobile notification and an email. The indicator highlights not only the complete figure, but also the time of its formation. During the formation the
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Aravind
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Aravind 2018.02.04 04:42 
 

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Version 1.7 2019.10.29
remove logo fx-prog.ru, add param SignalArrowSize