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Doji Finder Indicator MT5

The indicator analyzes the chart and identifies Doji candlesticks. Shows their appearance and signals the appearance of such a candle (if allowed in the parameters). Also, this indicator shows the strength of the reversal in the form of bars of different colors (the more green, the more likely the rise, the more red - the fall in price). The direction of the signal depends on the direction of the previous candles, as the Doji signals a reversal or correction. In the indicator settings, you can change the parameters of the Doji candlestick, the closure of which will be a signal. The frequent appearance of a signal is strongly influenced by the number of previous candles in one direction before the Doji reversal (the longer the trend was before the reversal, the more reliable the signal can be, but with a large number of candles in one direction, the signals will be very rare).

In the settings, you can also set the possibility of signaling and the colors of the arrows on the chart.

Input parameters

  • History - the period of the chart history (the number of previous candles) where to search for the previous Doji signal candles;
  • MinLongShadowPercent - minimum length of the candlestick shadow (the longer the candlestick shadow, the better the reversal signal, but fewer signals), 1-99%;
  • MaxCandleBodyPercent - the maximum length of the candlestick body (the larger the candlestick body, the less similar it is to Doji and the weaker the reversal), 0.1% - 20%;
  • CountLastCandles - the number of previous candles in one direction before the Doji reversal (1-10);
  • MinCandleLenghtPercent - the minimum length of the Doji candlestick in percentage to several previous ones (0 = off, 1-200%);
  • EnableAlert - enable or disable an alert when a Doji signal appears at the close of the last candle;
  • ArrowBuyColor - arrow color when a buy signal appears;
  • ArrowSellColor - arrow color when a sell signal appears.
  • IndicatorBarsThickness - change the thickness of the indicator lines (0 - bars of the same size are drawn, depending on the timeframe).

There is a trading advisor for automated trading based on this indicator:

https://www.mql5.com/en/market/product/57430

Reviews 1
Aleksandr Tamonin
4039
Aleksandr Tamonin 2021.01.13 18:35 
 

Удобный индикатор.

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The TrendLine PRO MT5 indicator is a version for MT5 of the popular INFINITY TrendLine PRO indicator (mt4). The calculation of indicator signals is based on the frequency range of the market. The INFINITY TrendLine PRO indicator is based on an analysis of the average range of price (ATR). It shows the trend change, entry point and recommended TakeProfit and StopLoss levels. TrendLine PRO does not redraw the trend line and does not change trading levels You can find additional set files in the te
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Official Weis Wave MT5
Sant Clear Ali Costa
References: "A Modern Adaptation of the Wyckoff Method" "The Secret Science of Price and Volume" "Trades About to Happen" To know more, search on the internet: "The Wyckoff Method", "Weis Wave" and "Volume Spread Analysis"; Features 3 types of waves: bullish, bearish and unknown. The unknown wave comes when prices move in opposite the direction of the current wave. Label that shows the percentage remaining for the next wave. Allows you set the type of volume that will be accumulated in the wave
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Multi Alligator Signals
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It is good to know the presence of a trend on multiple timeframes at once. And even better - on multiple currency pairs at once. This indicator allows to quickly determine the presence of a trend or a flat on 8 timeframes and from 1 to 15 currency pairs at once. Multi Alligator Signals analyzes the signals of the Alligator indicator by Bill Williams on every timeframe (from M1 to W1) and multiple currency pairs (up to 15) simultaneously. If there is a buy signal, a green upward arrow is drawn, i
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Trend Hour
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At certain times, the market has a very strong volatility on all currency pairs. During that time, some currency pairs move stronger, and some weaker. The Trend Hour EA opens a trade on the most trending currency pair at a certain time. It determines the strength of the trend on multiple currency pairs and multiple timeframes using the Alligator indicator and ADX. Usually, the strongest movements happen on the currency pairs with the dollar in the middle of the US session. It is not necessary to
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Candles and 3MACD
Alexander Nikolaev
The trading strategy is based on the intersection of MACD's three signal lines with different parameters. Candlesticks are used for trade confirmation. The system shows better results when combined with the candlestick analysis. The Expert Advisor can analyze candlesticks on any timeframe specified in settings. It is recommended to run the EA on the M5 timeframe or M1 if using accounts with a very low spread. Features Trades fully automatically; Does not require a large initial deposit; Does n
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Parabolic And CCI
Alexander Nikolaev
The EA detects strong movements using the Parabolic indicator and opens a trade. The Commodity Channel Index (CCI) is used as an auxiliary indicator. The CCI levels may depend on the ADX indicator values, which allows for better trading with different volatility. Also, the trades are opened depending on the RSI indicator values on a certain timeframe. Recommended timeframes: M5, M15, M30. Make sure to optimize the parameters of the EA for your account before trading. Input Parameters Lots - lo
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Aleksandr Tamonin
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Aleksandr Tamonin 2021.01.13 18:35 
 

Удобный индикатор.

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Version 1.2 2020.11.29
Added setting for the thickness of the indicator bars.
Version 1.1 2020.11.25
Improved drawing of indicator bars on history.