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Price CD LTB

Description

Price CD LTB (Price Convergence/Divergence Low Top Bottom) is a innovative universal analytical bulls indicator of convergence/divergence between financial instruments. The indicator is the second out of the two possible versions (LBT and LTB) of the bullish convergence/divergence origins.

Due to its multiple use feature, the indicator allows you to find convergences/divergences between the price of main financial instrument and other financial instruments simultaneously.

Users can select the sell graphical symbol and its width, as well as the color of convergence/divergence lines.

The indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a non-existent or incorrect name of a financial instrument, you will receive an error message that this financial instrument is unknown (does not exist).

The indicator is not a lagging one. It works by ticks and is able to show convergence/divergence in the symbol's window even if there is no separate window with another financial instrument used for search. This allows you to open additional windows with any other indicators for a joint analysis.

As an option, the indicator can notify of a new signal using the graphical sell symbol instead of convergence/divergence lines.

In most cases, convergence/divergence is considered to be confirmed if it takes the form of a line with a graphical symbol remaining on the chart.

Searching of convergence/divergence on one financial instrument means searching of levels of support/resistance!

Attention: Since the indicator is downloaded, graphical symbols are displayed in the main window only after a new convergence/divergence signal appears (unlike convergence/divergence lines). Graphical symbols are not displayed for the past periods (before the indicator was downloaded).

For plotting of lines of convergence/divergence in a separate window the indicator identifies one of any eleven custom indicators (pls. see input parameters) in the presence.

The indicator's operation is displayed in the attached video with sharing of indicators: Bollinger Bands, Fibo Levels, Price Levels.

The indicator can notify of the appearance of a formed signal by playing an audio signal and sending an e-mail, as well as display the time remaining until the end of the formation of the current bar in the format of <d:h:m:s, where:

  • < - the current bar.
  • d - days.
  • h - hours.
  • m - minutes.
  • s - seconds.

Example of the e-mail notification:

  • Subject: Price CD LTB Signal
  • Message: Signal,M30 - Bullish Convergence between EURUSD and EURUSD - 2014.08.06 10:18:00


Purpose

The indicator can be used for manual or automated trading within an Expert Advisor. For automated trading, use the indicator buffer of the double type:

  1. Buy signal - buffer 0, must not be zero.


Input Parameters

  1. Currency_Name - name of financial instrument.
  2. Bars_Number - number of bars for calculation.
  3. Base_Indicator - basic indicator code (the parameter will be activated and used in case of custom indicator presence):
  4. Arrow_Symbol - graphical buy symbol type (recognizes one of the eight user-defined symbols, see the screenshot):
    • 67
    • 71
    • 159
    • 217
    • 221
    • 225 (by default)
    • 233
    • 241
  5. Arrow_Width - graphical symbol width (allowable values - 1, 2, 3, 4 and 5).
  6. Sound_Mail_Numbers - number of sound and e-mail notification on two last bars.
  7. DrawLine - display of convergence/divergence line.
    • true - draw the lines (by default).
    • false - do not draw the lines.
  8. Convergence - calculating convergence or divergence:
    • true - convergence (by default).
    • false - divergence.
  9. Ideal_Searching - searching convergence/divergence in non-ideal conditions:
    • true - ideal search conditions (by default).
    • false - non-ideal search conditions.
  10. Play_Sound - enable/disable sound notification.
  11. Show_Time - displaying time remaining until the formation of the current bar.
  12. Send_Mail - enable/disable e-mail notification.
  13. ConvLevelColor_1 - color of the convergence line in the main window.
  14. ConvLevelColor_2 - color of the convergence line in the additional indicator window.
  15. DivLevelColor_1 - color of the divergence line in the main window.
  16. DivLevelColor_2 - color of the divergence line in the additional indicator window.


Recommendations

Except above-mentioned basic indicators for confirmation of force of a signal of the indicator, and also definition of a financial instrument for open/close position, the indicator is recommended to be used together with any other analytical tools, for example such as: Reversal Bars, Inside Bar, Long and Short Candlesticks, Main Candlesticks, Impulse System, Bullish Convergence/Divergence LBT, Bullish Convergence/Divergence LTB, Bollinger Bands and others.

Before operation of the indicator updating of historical data on financial instruments is necessary!
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The most advanced news filter and drawdown limiter on MQL market NEW: Take a Break can be backtested against your account history! Check the " What's new " tab for details. Take a Break has evolved from a once simple news filter to a full-fledged account protection tool. It pauses any other EA during potentially unfavorable market conditions and will continue trading when the noise is over. Typical use cases: Stop trading during news/high volatility (+ close my trades before). Stop trading when
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Vladislav Andruschenko
4.86 (28)
Cerrar posiciones en MetaTrader 4 al alcanzar la ganancia / pérdida total con la función de seguimiento de ganancias. Puede habilitar las   paradas virtuales (orden separada)   , Cálculo y cierre para   posiciones de COMPRA y VENTA por separado (COMPRA VENTA separada)   , Cerrar y calcular   todos los símbolos o solo el símbolo actual (Todos los símbolos)   , Habilitar trailing con fines de lucro (   Trailing   Profit) Cierre sobre las pérdidas y ganancias totales en la moneda de depósito, punt
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Haidar, Lionel Haj Ali
5 (8)
Drawdown Limiter EA You are in the right place if you were searching for Drawdown control, Drawdown limiter, Balance protection, Equity Protection or Daily Drawdown Limit related to Prop Firm, FTMO, or Funded account trading, or if you want to protect your trading account. Have you suffered from controlling your drawdown when trading funded accounts? This EA is meant for you. Prop firms usually set a rule called “Trader Daily Drawdown”, and if it is not respected, you are disqualified.  I am an
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Hoang The Manh
3.43 (7)
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Tawanda Tinarwo
5 (2)
NEW VERSION!  NB: IF YOU ARE USING A VERY HIGH RESOLUTION MACHINE AND THE EA DISPLAY LOOKS TOO SMALL, CONTACT ME SO I CAN HELP YOU. Open Multiple Trades on MT4 in 1 click at one price. Enter the Lot size Specify the number of trades you want to open Choose whether you want TP SL or Trailing Stop Once you are done, click Buy or Sell Open Multiple Pending Orders on MT4 in 1 click at one price. Enter the Lot size Specify the gap from the current price, where you want to place the pending order Spe
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DaneTrades Ltd
5 (2)
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Siarhei Vashchylka
5 (7)
Trading History - A program for trading and money management on the history of quotes in stratagy tester. It can work with pending and immediate orders, and is equipped with trailing stop, breakeven and take profit functions. Very good for training and testing different strategies. Manual (Be sure to read before purchasing) Advantages 1. Allows you to test any trading strategy in the shortest possible time 2. An excellent simulator for trading training. You can gain months of trading experi
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Anton Jere Calmes
5 (15)
The added video will show you the full functionality, effectiveness, and simplicity of this trade manager. Drag and Drop Trade Manager. Draw your entry and have the tool calculate the rest. Advanced targeting and close portions of a trade directly available in tool (manage trades while you sleep). Market order or limit order on either side with factored spread. Just draw the entry, the tool does the rest. Hotkey setup to make it simple. Draw where you want to enter, and the stop loss, the tool c
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Description A colored universal multicurrency/multi-symbol indicator MACD Line Smart (the indicator moving average convergence divergence is displayed as a histogram) based on double or triple moving average .  Comparing to the standard MACD this indicator is more sensitive to what allows generating advance signals. he indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a
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Versión 1.24 2024.07.24
Updating.
Version 5, build 2408 of MetaEditor
Versión 1.23 2020.04.04
Updating and interface improvement
Versión 1.22 2014.09.08
Eliminated the error of unloading the indicator from the chart.
Versión 1.21 2014.08.22
New version of the indicator has the improved sound and e-mail notification options.