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This indicator places a mark (a semaphore) at the zig zag for each of 4 zig zag evaluation lengths.
The code is based on indicator ZigZag which is in-built in MT4. I have changed it so that it isn't calculated on highest Highs and lowest Lows, but instead uses highest Close and lowest Close of chart price history. See attached chart for differences: ZigZag (red) versus ZigZagClose (yellow).
The indicator is shown in a histogram the ADX uptrend and downtrend uses a different way.
The indicator is shown in a histogram the Bands uptrend and downtrend uses a different way.
The indicator is shown in a histogram the MACD uptrend and downtrend uses a different way.
The indicator is shown in a histogram the Stochastic uptrend and downtrend uses a different way.
The indicator is shown in a histogram the Bull and Bears uptrend and downtrend uses a different way.
The indicator is shown in a histogram the ATR uptrend and downtrend uses a different way.
The indicator is shown in a histogram the CCI up and downtrend uses a different way.
The indicator is shown in a histogram the RSI up and downtrend uses a different way.
It is an indicator of technical analysis that aims to assist every trader in his manual trades.
Simple utility that makes use of offline charts to facilitate training by enabling bar-by-bar display - both forward and backward, as well as reset to a pre-defined date/time.
Used to compare 2 currencies on one chart, the Original indicator will recenter its calculation on every bar, and hence the price will keep shifting up and down and so the historical relative values do not remain constant. This indicator was modified so that the 'center' or initial relative reference point stays fixed and does not update each bar. It will only reinitialize when the indicator is reloaded or settings are changed.
Currency Index that calculates evenly on all 7 major pairs. Can also change base currency. Based on No Nonsense Forex podcast.
The code consists of lines created according to the opening, closing, low and high values of prices.
Improved version inspired by RSI_candles by © mladen 2018 https://www.mql5.com/en/code/20968
Trending Indicator MACD with coloured Histogram to detect trend and retracements in that trend.
User may enter up to 50 symbols from their market watch in either a long or short basket for viewing. The symbols for the chart can be changed to any symbol in the display with a click on the symbol. Statistics including ATR for the chart period, points gained or lost from a weeks start and position gains or losses and lots exposure are displayed. The statistics week may be changed with simple clicks on the display, and the display may be dragged and dropped to different locations. The load on quote processing is kept low by simply posting an event that starts the processing for a display update.