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Swing Points for MT5

1

Swing Points are those places on the chart where price changes direction. This is an MT5 version of my MT4 Swing Points Indicator.

Found on the code base at https://www.mql5.com/en/code/15616 and in the market at https://www.mql5.com/en/market/product/22918

The beginning input parameters allow you to configure your alerts.

  • Turn on screen alerts allows you to turn on and off screen alerts. True is on, false is off.
  • Turn on push to phone alerts allows you to turn on and off push to phone alerts.
  • Turn on email alerts allows you to turn on and off email alerts.
  • Send alerts for major highs turns on or off alerts for Major Highs.
  • Send alerts for major lows turns on or off alerts for Major Lows.
  • Send alerts for minor highs turns on or off alerts for Minor Highs.
  • Send alerts for minor lows turns on or off alerts for Minor Lows.
  • Comment latest swing point on the screen turns onscreen comments on and off.
  • Display swing points info in the log turns logging in the Experts tab on and off.

For instance, if you set AlertPush to true then you would receive push alerts for any of the specific alerts that you have set to true. To receive alerts for Major Lows you will want to set AlertMajorLows to true also. If all the Major and Minor Highs and Lows are set to false you will not receive any alerts.

Next, we have the input parameters for Major Swing Highs this format is repeated for Major Swing Lows, Minor Swing Highs, and Minor Swing Lows.

  • Label for Major Swing Highs allows you to set the label for Major Swing Highs.
  • Number of periods to check before major high details the number of periods to check before a major high is declared. This is the number of bars that must be lower than the major high bar going to the left.
  • Number of periods to check after major high details the number of periods to check after a major high is declared. This is the number of bars that must be lower than the major high bar going to the right.
  • The size of the symbol for a major high is the size for the symbol placed just above the major high
  • Symbol code (wingding) for major high is the Wingding character code for the symbol used for the Major Highs. You can find a list of available wingdings at this link. https://www.mql5.com/en/docs/constants/objectconstants/wingdings
  • Color for major highs is the color you would like to set the symbol for the major high.
  • Padding space for major highs symbol selects the number of pixels above the swing high at which to place the swing high symbol
These input parameters are repeated with slight modifications for each type of swing point. Obviously, the number of periods to check before major low would check if the values of the lows to left are higher than the major low.

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This is a clear indicator for judging tops and bottoms, and it works well for Oscillating market. Promotional price 49$ → 59$ features good at judging tops and bottoms No redrawing, no drifting Fast calculation, no lag Rich reminder mode Multiple parameters and colors can be adjusted parameter "======== Main ========" HighLowPeriod1 = 9 HighLowPeriod2 = 60 HighLowPeriod3 = 34 HighLowEMAPeriod = 4 MASignalPeriod = 5 "======== Notify ========" UseAlertNotify = true; UseMetaQuotesIDNotify =
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Consecutive candles can give us an indication as to the strength of a trend. With this indicator, you can set the number of consecutive bull or bear candles you wish to be present before achieving a valid signal of RSI crossing into overbought or oversold. With this information, you can better judge if a continuation or reversal situation is about to present. RSI has two settable levels Interesting settings: Number of consecutive candles needed before a valid signal Overbought level of RSI Ove
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How would you like to instantly know what the current trend is? How about the quality of that trend? Finding the trend on a chart can be subjective. The Fractal Trend Finder indicator examines the chart for you and reveals what the current trend is based on objective criteria. Using the Fractal Trend Finder you can easily tell if you are trading with the trend or against it. It also identifies those times when the market is not trending. Theoretically, you could trade with the trend when the tre
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We have all seen a currency pair enter the overbought or oversold territory and stay there for long periods of time. What this indicator does is gives you the emphasis. So if you are looking for reversals then you may want to take notice when oversold territory is entered into with a bullish engulfing candle or if the trend is your thing then check for bearish engulfing candles while entering oversold. This indicator will show a downward arrow when it detects a bearish engulfing candle while cro
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Chaos Trader Lite
John Davis
2.33 (3)
Chaos Trader Lite attempts to use aspects of chaos theory to place trades in the marketplace. This Expert Advisor, in particular, draws upon theories made by Bill Williams. Every version of MetaTrader contains the Bill Williams indicators. I wondered why was he deemed so important as to have his own set of indicators added to MetaTrader with name attribution. Conducting research I found that Bill Williams wrote a book using chaos theory to trade the markets. The Bill Williams indicators are usef
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Optimizes the value of overbought and oversold on each new bar. This expert strives to choose the best values for a simple strategy where it sells when the indicator crosses below an overbought level and executes a buy when it crosses above an oversold level. The best overbought and oversold level is calculated on each new bar according to how that value would have performed during the optimizing periods which can be specified. Inputs Unique number for this EA - can be any integer value. Optim
The Wolfalizer Indicator combines the functionality of the  Engulfing Stochastic  along with the  ConsecutiveRSI  and adds alerts along with more detailed output to the journal. This Indicator will alert you when RSI or Stochastics cross into oversold or overbought. You can set the oversold and overbought levels for RSI and Stochastics separately. You can pick if you want an engulfing candle to appear on the cross or set a number of consecutive candles you would like to see. Interesting Inputs i
ZenFin
John Davis
This expert adviser works with EURUSD, AUDJPY, GBPJPY, NZDJPY, GBPJPY, NZDJPY, GBPCHF, GBPCAD, GBPAUD, and EURNZD. This EA utilizes similar mechanisms from the Swing Points indicator to generate Fibonacci levels. With these levels it picks the best time to enter and exit a trade. When trading with this system look forward to a daily bonus, because it detects and trades only in the direction of positive rollover. This bonus amount over time can be considerable and is not shown when back testing w
Wolfalizer
John Davis
5 (1)
The Wolfalizer Indicator combines the functionality of the Engulfing Stochastic  along with the ConsecutiveRSI  and adds alerts along with more detailed output to the journal. This Indicator will alert you when RSI or Stochastics cross into oversold or overbought. You can set the oversold and overbought levels for RSI and Stochastics separately. You can pick if you want an engulfing candle to appear on the cross or set a number of consecutive candles you would like to see. Interesting Inputs inc
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Adil Parvez
23
Adil Parvez 2020.07.02 03:57 
 

Does not work properly and no video or support. Total waste of money

Miroslav Kirnak
29
Miroslav Kirnak 2020.03.29 20:27 
 

doesn't work properly

waste money

dantion65
100
dantion65 2019.05.11 11:42 
 

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