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MicroTrendCheckerMT5

MicroTrendChecker signal indicator tracks symbol price movements on the terminal chart. While there is no trend, it returns Ask levels by points value up and Bid levels by points value down.


Input Parameters

  • MaxSpread – maximum spread (it is recommended to set the parameter above the average symbol spread). The parameter is necessary for filtering spread widening during news releases.
  • *wits – first indicator parameter (positive integer value of 1 or higher);
  • *body – second indicator parameter (positive integer value of 1 or higher). In most cases, it exceeds *wits value;
  • *sense – third indicator parameter (positive integer value of 1 or higher);
  • *points – indent from the current price in points (Ask/Bid);
  • *delta – trend/flat evaluation value (fractional value of 0.001 or higher);
  • tracker – price tracking mode switcher (true/false). If true, the indicator buffers never have empty values (EMPTY_VALUE). If false, empty values usually appear in the indicator buffers during a trend, while new indicator labels on the chart are not displayed when a bar is forming.


Example of using the indicator in an Expert Advisor code

input int _MaxSpread=30;
input int     _size0=2; //*wits
input int     _size1=21;//*body
input int     _size2=2; //*sense
input int     _point=10;//*points
input double  _dlt=1;   //*delta
input bool _track=true;

int    Handle_s;     // handle of mTCheck  for sellstop_orders
double Val_s[];      // array of mTCheck for sellstop_orders
int    Handle_b;     // handle of mTCheck  for buystop_orders
double Val_b[];      // array of mTCheck for buystop_orders
//
int OnInit()
  {

   return(INIT_SUCCEEDED);
  }
//
void OnDeinit(const int reason)
  {

  }
//
void OnTick()
  {

   if(PositionsTotal()>0)TreilingPositions();

   if(PositionsTotal()<1 && OrdersTotal()<1)
     {
      YourTradeFunc(_SellStopValue());
      YourTradeFunc(_BuyStopValue());
     }

   if(PositionsTotal()<1 && OrdersTotal()>0)
     {
      ModifyOrder(_SellStopValue());
      ModifyOrder(_BuyStopValue());
     }

   if(PositionsTotal()>0 && OrdersTotal()>0)
     {
      DeleteOrders();
     }

  }
//
double _SellStopValue()
  {
   double res;
   int    i,k=Bars(Symbol(),0);

   Handle_s=iCustom(Symbol(),Period(),"microTrendChecker",_MaxSpread,_size0,_size1,_size2,_point,_dlt,_track);
   if(Handle_s<0)
     {
      Print("Error: ",GetLastError());
     }
   ArraySetAsSeries(Val_s,true);
   CopyBuffer(Handle_s,1,0,100,Val_s);

   for(i=0; i<k; i++)
     {
      res=Val_s[i];

      if(res!=EMPTY_VALUE)
        {
         return(res);
        }
     }
   return(0);
  }
//
double _BuyStopValue()
  {
   double res;
   int    i,k=Bars(Symbol(),0);

   Handle_b=iCustom(Symbol(),Period(),"microTrendChecker",_MaxSpread,_size0,_size1,_size2,_point,_dlt,_track);
   if(Handle_b<0)
     {
      Print("Error: ",GetLastError(),"!!");
     }
   ArraySetAsSeries(Val_b,true);
   CopyBuffer(Handle_b,0,0,100,Val_b);

   for(i=0; i<k; i++)
     {
      res=Val_b[i];

      if(res!=EMPTY_VALUE)
        {
         return(res);
        }
     }
   return(0);
  }


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The indicator is used in USDCatch Expert Advisor.

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Royal Scalping Indicator is an advanced price adaptive indicator designed to generate high-quality trading signals. Built-in multi-timeframe and multi-currency capabilities make it even more powerful to have configurations based on different symbols and timeframes. This indicator is perfect for scalp trades as well as swing trades. Royal Scalping is not just an indicator, but a trading strategy itself. Features Price Adaptive Trend Detector Algorithm Multi-Timeframe and Multi-Currency Trend
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PipFinite Breakout EDGE MT5
PipFinite Breakout EDGE MT5
Karlo Wilson Vendiola
The Missing Edge You Need To Catch Breakouts Like A Pro. Follow a step-by-step system that detects the most powerful breakouts! Discover market patterns that generate massive rewards based on a proven and tested strategy. Unlock Your Serious Edge Get it here www.mql5.com/en/blogs/post/723208 Have access to the game changing indicator that will take your trading to the next level! How To Trade Execute your trades in 3 Easy Steps! Step 1: Trade Setup Enter a signal if Success Rate is
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Dark Absolute Trend MT5
Dark Absolute Trend MT5
Marco Solito
Dark Absolute Trend   is an Indicator for intraday trading. This Indicator is based on   Trend Following  strategy but use also candlestick patterns and Volatility. We can enter in good price with this Indicator, in order to follow the main trend on the current instrument. It is advised to use low spread ECN brokers. This Indicator does   Not repaint   and   N ot lag . Recommended timeframes are M5, M15 and H1. Recommended working pairs: All. Follow us on Telegram:   https://t.me/darktradingchan
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A2SR MT5 Automated Actual Support and Resistance
A2SR MT5 Automated Actual Support and Resistance
Yohana Parmi
A. What is A2SR ? A2SR is a leading indicator , has special technique in determining the levels of Support (demand) and Resistance (supply) . Leading indicator is prepare all actual SR levels before price reach there . Unlike the ordinary way that we seen on the net, A2SR has a original concept for determining SR levels. The original technique was not taken from the internet , and it has never been published on the internet either. A2SR will auto select the SR level according to your trading sty
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OBOS Indicator for MT5
OBOS Indicator for MT5
Renaud Candel
OBOS Indicator is an exclusive indicator to spot entries based on price action. The OBOS Indicator is both effective and user friendly. Indicator uses simple color codes and levels to indicate Overbought and Oversold conditions. No more headache. The OBOS Indicator will only gives you indication when there are possible entries. Means you only get useful information. To use the indicator, please follow the rules: wait for the indicator to give you an overbought or oversold signal (usually blue an
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Pin Bar Indicator for MT5
Pin Bar Indicator for MT5
Renaud Candel
Pin Bar Indicator is a pattern recognition indicator for Forex and Binary Options. The Pin Bar Indicator is a pattern recognition indicator of the popular Pin Bar. The strategy that comes with the Pin Bar is purely based on price action. Inputs Distance: distance in pixels relative to top or bottom of candle to display the arrow symbol UseAlerts (true/false): enable alerts PopAlerts (true/false): enable alerts in the popup window EmailAlerts (true/false): enable email alerts PushAlers (true/f
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Elder Force Index With ATR Channels
Elder Force Index With ATR Channels
Financial Trading Seminars Inc.
Adding Average True Range (ATR) channels to Force Index had been suggested by Kerry Lovvorn. Adding these channels turns Force Index into an excellent tool for identifying intermediate tops and bottoms. Force Index with ATR channels does not catch all turns, but the ones it identifies deserve very serious attention. Note: the word “true” in Average True Range refers to dealing with price gaps. Since there are no gaps in Force Index, here ATR is the same as the Average Range. Whenever the Force I
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Vix75 Moneyline
Vix75 Moneyline
Emmanuel Urua Abel
Trading vix 75 is always a tough thing to do for anyone ...but with the vix75 cashline indicator/analyzer you are able to take your share of the profit from the market week in week out without much experience or getting to seat on your computer the whole day . the indicator is built to catch long term trades so it  will always present you that 1:10 risk to reward kind of trades weekly at least twice on vix 75 .and some few monthly on other pairs below . all you need to do is take the trades as t
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Vadim Konyaev
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Vadim Konyaev
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Vadim Konyaev
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LockPlanet
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Vadim Konyaev
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MicroTrendCheckerMT4
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