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MW Direction by Candle Body Analysis

The Martinware™ Direction by Candle Body Analysis indicator is a trend indicator that shows the current asset direction, up or down, by checking if previous candle bodies' bases were respected or broken. It works similarly to a moving average, but it's more objective due to its lesser amount of configuration parameters.

The algorithm assumes the theory that although the highs and lows of candles have their value, it is the body that shows the conclusive market sentiment over that asset in the given period. Such sentiment includes not only the information of direction but also its strength. Thus, a breaking of a previous candle body indicates the market has decisively rejected the previous movement and is now going after creating a new one in the opposite direction.

This algorithm makes the DCBA indicator to behave similarly to a moving average: it indicates the start and direction of a new trend with a lagging factor that will inevitably result in some delayed entry and exit signals. Its advantage resides in being more objective, less subject to overoptimization and curve-fitting, and grounded on a sound reading of the market instead of a generic mathematical formula. The only input parameter required serves to filter excessively small candle bodies, a situation when two candles are considered instead of just one. 

As with moving averages, it's recommended not to use this indicator alone, but combined with some filtering system.

Input parameters:

Candle body factor: the percentage size of the body relative to its entirety used to determine if the body is small
Correct for high volatility: the maximum number of candles a candle body will be considered. 0 means a body will be considered until broken
Alert in advance: check for signal n seconds before candle close
Alert with sound: informs if the alert should include playing a sound
Custom buy sound: name of the custom buy sound file to be used instead of the default. It must be inside a folder named "Sounds", this one inside the "Files" folder in the Terminal's MQL5 directory tree.
Custom sell sound: name of the custom sell sound file to be used instead of the default
Alert with e-mail: enable sending an e-mail when a new signal is produced
Alert with Alert message: informs if the alert should include showing an Alert message
Alert with background color change: informs if the alert should include temporarily changing the chart's background-color
Alarm color: the color to be used
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This is a professional trading robot, which implements the classical strategy of trading inside a channel based on the PriceChannel indicator. The signal is formed at a breakthrough of the lower and upper borders of the Price Channel inside the channel. If the price breaks the lower border of the Price Channel and the price is fixed above this border, it is a buy signal. If the price breaks the upper border of the Price Channel and the price is fixed below this border, then it's a sell signal. O
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Ichimoku stable is a mix of 19 fully automated strategies based on Ichimoku, Keltner Channel, Bollinger Bands, Trend indicators and oscillators.  Strategy was built on EURUSD H1 on a 3 year (2015.01.01 - 2018.01.01) sample data.  Out of sample backtests on data from 2007.01.01 to 2021.06.21 are basically the same.  Backtest is also profitable on other currency pairs, especially GBPUSD, and other timeframes with default settings. Product price will increase by 30 USD after every purchase (to 79
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You want to become a constantly profitable 5-star forex trader?  1.  Read the basic description of our simple trading  system  &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase to get your personal invitation to our exclusive trading chat FX Trend displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which direction the trends are running, how long they last and how powerf
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Support And Resistance, technical indicator for mt5 that identifies the Strong support and resistance Zones based on Harmonic Patterns and market volume for Forex Market. By accessing to our MQL5 Blog,  you can download the Demo Version of the indicator. Try it before you buy ,without the Metatrader Tester restrictions.  :   Click Here Key Features Dynamic Support and Resistance Zones Automatic support and resistance Zones. Non repaint support and resistance Zones. Key Level Zones Bank leve
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FXC iCCI-DivergencE MT5 Indicator This is an advanced CCI indicator that finds trend-turn divergences on the current symbol. The indicator detects divergence between the CCI and the price movements as a strong trend-turn pattern. Main features: Advanced divergence settings Price based on Close, Open or High/Low prices Give Buy/Sell open signals PUSH notifications E-mail sending Pop-up alert Customizeable Information panel Input parameters: CCI Period: The Period size of the CCI indicator. C
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This multi time frame and multi symbol indicator identifies double top/bottom, head & shoulder, pennant, triangle and flag patterns. It is also possible to setup alerts only when a neckline/triangle/flagpole breakout has occured (neckline breakout = confirmed signal for top/bottoms and head & shoulders). Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can monitor all symbols visible in your Market Watch window
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Version 1.6 2021.09.24
Major update. Bug corrected, improved alert system, added an algorithm to better handle volatile candles
Version 1.5 2020.09.22
Warning with "Alert" message and support for custom warning sound files
Version 1.4 2020.09.14
Adding support for warning by email
Version 1.3 2020.08.13
Minor code improvements
Version 1.2 2020.07.06
Adding sound alarm for manual traders
Version 1.1 2020.07.03
Bug fix