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Indicator Combine Merge MT5 by RunwiseFX

5

Allows multiple indicators to be combined into a single indicator, both visually and in terms of an alert. Indicators can include standard indicators, e.g. RSI, CCI, etc., and also Custom Indicators, even those purchased through Market, or where just have the ex4 file. An early alert is provided, say when 4 out 5 indicators have lined up, and a confirmed alert when all are in agreement.

A‌lso features a statistics panel reporting the success of the combined indicator by examining the current chart. The win rate, profit and draw down are calculated, based on a selected stop loss and take profit/exit regime. Results from other charts can also be shown together and ordered with the best performing symbols shown first - allowing cherry picking of best symbols/timeframes.

The product is easily configured using pop-up forms – see video. The product comes configured with example standard indicators.

Fully compatible with our range of EA panels, allowing easy conversion into an EA that can trade automatically.

‌‌Please see Comments tab (first entry) for link to the manual.


Features

  • Combines multiple indicators both visually and in terms of an alert
  • Works with standard indicators and Custom Indicators, even if just have ex4 file or those purchased from market
  • Indicators are examined on candle close, by default, so no repainting
  • Choice of two configurable alert levels - early (say when 75% of indicators lined-up) and confirmed (all lined-up)
  • Shows trade result statistics of combined indicators with win ratio, profit and draw down - calculated in real-time by examining the current chart
  • Option to show table of statistics from other charts/symbols that the indicator is loaded on to - ordered by profit
  • Results show outcome of both early and confirmed alert, so can see which is performing best
  • Option to automatically select early or confirmed alert, depending on which has the higher profit, or win ratio
  • Realistic calculation of statistics by taking into consideration a selected stop loss, take profit/exit regime and spread
  • Stop loss can be specified either as fixed pips or using a variety of automatic calculation methods, including from a custom indicator
  • Statistics can also include effect of trading hours, partial take profit/exit, trailing stop loss and auto break even when target reached
  • Optional Binary Options mode where statistics are worked out with expiry rather than SL/TP
  • Take profit and break even targets can be specified as either risk reward ratios or in pips
  • Pips can be optionally specified as a percentage of the Average Daily True Range, allowing it to automatically scale depending on the symbol
  • Shows simulated trades on the chart with open price, stop loss used, close price and profit
  • Automatic recalculation of statistics upon configuration changes, showing the effect on win ratio, profit and draw-down
  • One-click restore of previous configuration if change was not beneficial
  • Configured stop loss, break even and take profit prices are shown on chart for use with new trades
  • Easy to use configuration pop-ups
  • Choice of display formats, i.e. bar or histogram
  • Choice of alert methods, e.g. pop-up, email or mobile notification
  • Easy integration with our EAs for automated trading


‌Indicator Inputs

Use the CONFIG button to configure the system. Inputs are provided as an alternative and are fully described in the manual - see Comments tab for link to manual. Key inputs are explained below:

  • Main_alertConfirmedPercentage - Percentage of indicators that need to have lined-up for confirmed alert to happen
  • Main_alertEarlyPercentage - Percentage of indicators that need to have lined-up for early alert to happen
  • Main_alertResetLevel - How much indicator needs to go to other direction of alert reset to happen
  • Main_binaryOptionModeBars - If > 0 then number of bars before trade closes to simulate Binary Options


Using the Strategy Tester / Demo Version

Make sure the test is running at least at market speed for the buttons on the panel to work. Alerts appear in the Journal tab. Note, edit boxes don't work in MT5 visual Tester.


Converting Into an EA

Can easily be converted into an EA that can trade automatically with our Ultimate Trade Manager product.

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Fully functional manual trade panel with lot size calculation, one-click trading, hidden (virtual) stop loss/take profit and pending orders, scale in and out of trades (partial close), auto SL/TP and more. Works with all symbols not just currency pairs. Brings an incredible amount of functionality to MetaTrader for free and for both demo and live accounts. Features Lot size calculation - based on % of account to risk, fixed amount or dynamic lots Automatic take profit based on risk reward ratio
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Strategy Builder offers an incredible amount of functionality. It combines a trade panel with configurable automation (covert indicators into an EA), real-time statistics (profit & draw down) plus automatic optimization of SL, TP/exit, trading hours, indicator inputs. Multiple indicators can be combined into an single alert/trade signal and can include custom indicators, even if just have ex4 file or purchased from Market. The system is easily configured via a CONFIG button and associated pop-up
Comprehensive on chart trade panel with the unique ability to be controllable from mobile as well. Plus has a library of downloadable configuration, e.g. exit rules, extra panel buttons, pending order setup and more. Please see our product video. Works with all symbols not just currency pairs. Features On chart panel plus controllable from free app for Windows, iPhone and Android Built-in script engine with library of downloadable configuration, e.g. add 'Close All Trades in Profit' button, exit
Strategy Builder offers an incredible amount of functionality. It combines a trade panel with configurable automation (covert indicators into an EA), real-time statistics (profit & draw down) plus automatic optimization of SL, TP/exit, trading hours, indicator inputs. Multiple indicators can be combined into an single alert/trade signal and can include custom indicators, even if just have ex4 file or purchased from Market. The system is easily configured via a CONFIG button and associated pop-u
The first currency based indicator to draw a distinction between map and strength. The map shows the currencies in terms of oversold/overbought levels and gives the direction of travel. The currency strength calculates and shows the strength of that move. Alerts are included for changes in currency direction on the map (confirmed over two bars) and also when the strength reached the appropriate level.  The currency map is useful for finding currency pairs to trade and in which direction. Look fo
Trade Panel Pro by RunwiseFX
Runwise Limited
4.89 (37)
Fully functional manual trade panel with risk/reward, auto SL, lot size calculation, one-click trading, hidden (virtual) stop loss/take profit and pending orders, scale in and out of trades (partial close), news events and more. Works with all symbols not just currency pairs. Brings an incredible amount of functionality to MetaTrader for free and for both demo and live accounts. Features Lot size calculation - based on % of account to risk, fixed amount or dynamic lots Automatic take profit base
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Allows multiple indicators to be combined into a single indicator, both visually and in terms of an alert. Indicators can include standard indicators, e.g. RSI, CCI, etc., and also Custom Indicators, even those purchased through Market, or where just have the ex4 file. An early alert is provided, say when 4 out 5 indicators have lined up, and a confirmed alert when all are in agreement. A‌lso features a statistics panel reporting the success of the combined indicator by examining the current cha
The first currency based indicator to draw a distinction between map and strength. The map shows the currencies in terms of oversold/overbought levels and gives the direction of travel. The currency strength calculates and shows the strength of that move. Alerts are included for changes in currency direction on the map (confirmed over two bars) and also when the strength reached the appropriate level.  The currency map is useful for finding currency pairs to trade and in which direction. Look fo
The product combines a manual trade panel with the ability to perform actions automatically in a highly configurable way. Actions include capturing indicator values and then based on those values raising alerts, open/close or partially close trades, scale-in, setting up pending orders, adjusting stop loss, take profit and more. On-chart controls can be configured, such as tick boxes and buttons, so can be fully interactive. The EA also handles money management, news events, hidden stop loss, tak
Displays multiple indicators, across multiple timeframes and symbols to give a comprehensive overview of the market. Uniquely, the indicators are configurable and can include custom indicators, even those where you just have the ex4 file or those purchased from Market. Standard indicators can also be selected, the default being ADX, CCI, market price above/below Moving Average (MA), Moving Average Cross (MAX), MACD, Momentum (MOM), OsMA, RSI, Parabolic SAR, William's Percentage Range (WPR). Use
Description Shows whether market is trending or not, to what extent, which direction, and if the trend is increasing. The indicator is very useful for trend following strategies. The indicator can also alert when the market transitions from being flat to trending, which can serve as a great entry point. The alert is controllable directly from the chart, with an on-chart tick box to enable the alert. Also includes bonus indicators of current spread and ask/bid prices in large text, color coded as
Description Shows Heikin-Ashi candles (often misspelled Heiken-Ashi) on the chart and can alert when candles change color. The alert is useful for both entry and exit. The number of candles of the new color before an alert is raised can be set. The alert can be controlled interactively, directly from the chart. Also includes bonus indicators of current spread and ask/bid prices in large text, color coded as price changes. Usage Heikin-Ashi candles give a much better insight to the underlying tre
Description The product draws lines on the chart to show daily support, resistance and pivot plus weekly and monthly pivot. An alert can be set when the price reaches one of the lines or the price closes above/below it. This can be useful for both entry and exit. The alerts can be controlled interactively directly from the chart. The product also includes bonus indicators of Average Daily Range (or Average True Range - configurable), current spread and ask/bid prices in large text, color coded
Provides the simplicity of binary options but addresses the shortcomings of regular binary options, namely: Poor risk reward ratio, fixed duration trades, poor broker choice, poor indicators/alerts, no hidden (stealth) stop loss/take profit, etc. Features 1 to 1 risk reward ratio, calculated automatically (configurable) Manual (with alert) or automatic trade entry (on alert conditions) Lot size calculation (money management) - based on % of account to risk or fixed amount Compact interactive o
The product combines a manual trade panel with the ability to perform actions automatically in a highly configurable way. Actions include capturing indicator values and then based on those values raising alerts, open/close or partially close trades, scale-in, setting up pending orders, adjusting stop loss, take profit and more. On-chart controls can be configured, such as tick boxes and buttons, so can be fully interactive. The EA also handles money management, news events, hidden stop loss, tak
Allows symbols/currency pairs to be ordered based on a configured indicator, with the best performing symbols shown at the top. This helps you to select the symbol with better prospects from a given list of symbols. Can optionally alert when a symbol moves into the top two (configurable). Also shown is the number of pips that the symbol has moved in its current direction, allowing you to tell if you've 'missed the boat'. Further, a graph is shown, per symbol, of the indicator value over time all
The indicator displays trend strength, including showing the transition from buy to sell and visa versa. It is ideal for trend following strategies and also highlights possible reversals/flattening trend with a yellow X on the indicator window. By default, the indicator does not repaint/flicker, however, there is an option to calculate on the live candle but even then the indicator will not repaint unduly. The indicator can also be used for exit. Usage Enter long/buy trade when the indicator t
The indicator displays a matrix of indicators across multiple timeframes with a sum total and optional alert. Custom indicators can also be added to the matrix, in a highly configurable way. The alert threshold can be set to say what percentage of indicators need to be in agreement for an alert to happen. The alerts can turned on/off via on chart tick boxes and can be set to notify to mobile or sent to email, in addition to pop-up. The product offers a great way to create an alert when multiple
Displays multiple indicators, across multiple timeframes and symbols to give a comprehensive overview of the market. Uniquely, the indicators are configurable and can include custom indicators, even those where you just have the ex4 file or those purchased from Market. Standard indicators can also be selected, the default being ADX, CCI, market price above/below Moving Average (MA), Moving Average Cross (MAX), MACD, Momentum (MOM), OsMA, RSI, Parabolic SAR, William's Percentage Range (WPR). Use
The indicator displays a matrix of indicators across multiple timeframes with a sum total and optional alert. Custom indicators can also be added to the matrix, in a highly configurable way. The alert threshold can be set to say what percentage of indicators need to be in agreement for an alert to happen. The alerts can turned on/off via on chart tick boxes and can be set to notify to mobile or sent to email, in addition to pop-up. The product offers a great way to create an alert when multiple
Shows whether market is trending or not, to what extent, which direction, and if the trend is increasing. The indicator is very useful for trend following strategies, where it can filter out flat/choppy markets. The indicator can also alert when the market transitions from being flat to trending, which can serve as a great trade entry point. The alert is controllable directly from the chart, via a tick box. Also, the product includes bonus indicators of the current spread and ask/bid prices in l
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Edgar Duttweiler
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Edgar Duttweiler 2018.04.24 23:30 
 

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Version 6.90 2024.05.23
- Added new option in CONFIG | Options to only show arrows in the indicator window
Version 6.9 2023.07.29
- Added Max Bars box to CONFIG | Indicators, so can set how many bars/candles an indicator can provide a buy/sell signal. Can be used to ensure signal is close to when indicator changes direction.
Version 6.8 2022.05.12
- Fixed issue where not allowing functionality to be incorporated into Ultimate Trade Manager EA
Version 6.7 2021.07.08
- Fixed issue with previous simulated trades being left on chart

- Corrected default supplied configuration which had Capture Mode incorrectly set for ADX capture

- Fixed issue with 'Revert' text not being shown on Refresh/Revert button
Version 6.6 2021.06.24
- Added support for our Ultimate Trade Manager EA plus mobile, which allows trades to auto open/closed, rather than just alerts, plus adds auto optimization
Version 6.5 2021.03.07
- Fixed issue with previous version when indicators were captured with out Period box set to 0

- Fixed minor issue of panel not being deleted when Indictor Combine is removed from the chart
Version 6.4 2021.02.21
- Fixed issue with previous version where new arrows sometimes didn't appear and also could have got a critical error

- Added new built-in indicator for 3 moving averages crossing each other - F:MovingAverage3Cross (available to select in CONFIG | Indicators | Indicator Name selection list)
Version 6.1 2021.02.11
- Added two output buffers (7 buy and 8 sell) to display arrows when confirmed entry signal happens. This can be used by products that need to see arrows to take action. Set input Main_showArrowOnConfirmedEntry to false to turn new feature off.
Version 6.0 2020.12.26
- Add Color Index Tool that helps to configure indicators

- Fixed issue where BO bars couldn't be saved on per symbol/period basis

- Added support for looking at value achieved on CrossBuySell capture. Set Mid Point to value needs to be over.
Version 5.0 2019.08.10
- Added new capture mode OnCross for when indicator crosses certain value

- Added support for MT5 indicators that show multiple colors on a single color index
Version 4.8 2019.01.03
- Fixed issue with 'YesAndAtStart' mode where wouldn't work properly under certain circumstances
Version 4.4 2018.10.21
- Added support for moving average crossing high and low moving average
Version 4.3 2018.09.29
- Added input Indi_checkErrorReturnFromICustom which can be set to true if you get an alert "can't find/initialise custom indicator...", but is actually fine. This can happen with certain indicators that are slow to initialise.
Version 4.2 2018.06.26
- Added compatibility with Awesome Oscillator indicator
Version 4.1 2018.06.18
- Fixed issue where excessive message logging in the Experts log could happen if using stop loss calculation method Custom Indicator
Version 4.0 2018.06.05
- Fixed issue where configuration could not be set on a per symbol/period basis

- Improved compatibility with indicators that draw colored objects on the chart, where the color represents the buy/sell indication
Version 3.4 2018.04.18
- Added support for indicators that use object colors to signify buy/sell.
Version 3.3 2018.03.27
- Improved compatibility with Tipu MACD indicator and MACD cross
Version 3.1 2017.12.25
- Fixed issue with Bollinger Band reversal not working
Version 3.0 2017.11.20
- Added support for indicators that display trend lines

- Added support for indicators that work on currencies rather than currency pairs

- Added support for indicators crossing other indicators
Version 2.9 2017.10.05
- Fixed bug when calculating combined indicator value when 'Essential for Trade' option set to 'Yes And At Start' for the sell direction
Version 2.8 2017.09.28
- Fixed issue with double alert/notification occurring under certain circumstances
Version 2.7 2017.09.19
- Fixed accuracy of statistics calculation with regard to spread when using Strategy Tester
Version 2.6 2017.09.13
- Fixed take profit calculation when using Median Renko charts
Version 2.5 2017.08.29
- Added support for indicators that display arrow objects on the chart

- Fixed possible divide by zero error
Version 2.3 2017.08.01
- Improved support for Price Action Strength Indicator custom indicator