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MW Direction by Candle Body Analysis

The Martinware™ Direction by Candle Body Analysis indicator is a direction 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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Was: $299  Now: $99   Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings
Présentation       Quantum Breakout PRO   , l'indicateur révolutionnaire MQL5 qui transforme la façon dont vous négociez les zones d'évasion ! Développé par une équipe de traders expérimentés avec une expérience commerciale de plus de 13 ans,       Évasion quantique PRO       est conçu pour propulser votre parcours commercial vers de nouveaux sommets grâce à sa stratégie de zone de discussion innovante et dynamique. Quantum Breakout Indicator vous donnera des flèches de signalisation sur le
Auto Order Block with break of structure based on ICT and Smart Money Concepts Futures Break of Structure ( BoS )             Order block ( OB )            Higher time frame Order block / Point of Interest ( POI )    shown on current chart           Fair value Gap ( FVG ) / Imbalance   ,  MTF      ( Multi Time Frame )    Volume Imbalance     ,  MTF          vIMB Gap’s Equal High / Low’s     ,  MTF             EQH / EQL Liquidity               Current Day High / Low           HOD /
Support And Resistance Screener est dans un indicateur de niveau pour MetaTrader qui fournit plusieurs outils à l'intérieur d'un indicateur. Les outils disponibles sont : 1. Filtre de structure de marché. 2. Zone de repli haussier. 3. Zone de recul baissier. 4. Points pivots quotidiens 5. points pivots hebdomadaires 6. Points pivots mensuels 7. Support et résistance forts basés sur le modèle harmonique et le volume. 8. Zones au niveau de la banque. OFFRE D'UNE DURÉE LIMITÉE : L'indicateur de sup
La meilleure solution pour tout débutant ou Expert Trader ! Cet indicateur est un outil de trading unique, de haute qualité et abordable car nous avons incorporé un certain nombre de caractéristiques exclusives et une formule secrète. Avec seulement UN graphique, il donne des alertes pour les 28 paires de devises. Imaginez comment votre trading s'améliorera parce que vous serez capable de repérer le point de déclenchement exact d'une nouvelle tendance ou d'une opportunité de scalping ! Cons
L'indicateur d'inversion ADR vous montre en un coup d'œil où le prix se négocie actuellement par rapport à sa fourchette quotidienne moyenne normale. Vous recevrez des alertes instantanées par pop-up, e-mail ou push lorsque le prix dépasse sa fourchette moyenne et les niveaux supérieurs de votre choix afin que vous puissiez sauter rapidement dans les reculs et les inversions. L'indicateur trace des lignes horizontales sur le graphique aux extrêmes de la fourchette quotidienne moyenne ainsi que
Was: $259 Now: $120 — The Volume by Price Indicator for MetaTrader 5 features Volume Profile and Market Profile TPO (Time Price Opportunity). Get valuable insights out of currencies, equities and commodities data. Gain an edge trading financial markets. Volume and TPO histogram bar and line charts. Volume Footprint charts. TPO letter and block marker charts including split structures. Versatile segmentation and compositing methods. Static, dynamic and flexible ranges with relative and/or absolu
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MW Volume
Martin Bittencourt
4 (5)
The Martinware Volume indicator plots a colored moving average over volume bars. The coloring uses three colors and can be done in different ways choosable by the user and is applied both to the average as to the volume bars. Three types of coloring are possible: None: no coloring is done Increasing or decreasing: changes the color depending on the current value being bigger or lesser than the previous one Volume relative to average: colors vary if the current volume is bigger or lesser then
FREE
MW Manual Trading Helper
Martin Bittencourt
5 (1)
The Martinware Manual Trading Helper indicator is aimed at helping people start their lives in manual trading. It can be used to display both some generic images at the right side of the graph, where custom operational remarks may be displayed or just a blank rectangle hiding the chart while backtesting. Moreover, it can periodically play a list of sounds. To show a blank rectangle, let the first image name input field empty and select the desired color. To show one or more custom images inste
FREE
MW Closing Time Alarm
Martin Bittencourt
5 (1)
The Martinware Closing Time Alarm indicator serves to warn traders that the current period (bar, candle) is about to end. Input parameters: Time offset: with how many seconds before the ending of the current period the alarm must trigger Alert with sound: informs if the alert should include playing a sound Sound selection: a list of sounds available Custom sound: name of the custom sound file to be used in case "custom sound" was selected. It must be inside a folder named "Sounds", this o
FREE
The Martinware Eye Rest Reminder serves to periodically remind traders to rest their eyes without the need for a tool outside MT5. Input parameters: Periodicity: play the alert every n minutes Alert with sound: define if the alert should include playing a sound Custom sound file: name of the custom 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. Alert with Alert message: informs
FREE
The Martinware Market Sides' Strength indicator shows the candlestick chart in a different manner allowing for a clearer view of which side, bullish or bearish is dominating the asset in the current period. As a bonus, it can also show an internal area that can be used to visualize two levels of Fibonacci retracements inside the bars. The default configuration shows the MSS bars with 4 main colors, two representing the bullish force, and two representing the bearish one. The primary colors a
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Version 1.8 2023.06.01
Improvements made to the alert system
Version 1.7 2023.01.16
Optimized alert system, now including push notifications
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