Herrick Payoff Index
Herrick Payoff Index (HPI) confirms strong trends and helps to determine a moment when they change their direction, it also tracks prices, volume of trades and open interest (current liabilities), combining them into one parameter.
In MetaTrader 5, Herick Index can be displayed as a histogram or a linear chart for all trading instruments for which open interest is transmitted. Current liabilities or open interest represents the total volume of effective contracts (futures, options) for which there have been no calculations yet. In MetaTrader 5 it is displayed as "Open Interest" in "Details" tab of the "Market Watch" window.
- Easy to use - it does not have any complicated parameters.
- Color and levels of the indicator as well as the vertical scale are set via standard menu of the setup window.
- The indicator can be displayed as a histogram or a linear chart.
- The indicator has an autonomous (independent from the indicator) on-line drive of minute history of the open interest which is saved in a file.
- One trading instrument has only one on-line drive, though you can download several Open Interest and Herrick Payoff Index indicators.
- The file is saved in a shared folder of all terminals, so accumulated history, necessary for plotting indicators, will be available in all terminals of MetaTrader 5.
- History files are sorted for each trading server and instrument. They are refilled until any terminal has at least one Open Interest or Herick Payoff Index indicator on a corresponding contract and trading server.
- Accumulated history is available for plotting indicators on any time frame. Please note that a minute history of open interest should be enough for at least two bars to display Herick Payoff Index.
- Draw type - type of displaying the indicator. It is set to histogram by default. You can select a linear indicator.
- One cent move - scaling ratio; unitary cost of changing the price of 1 cent. Herick recommends applying number 100 for most of commodities. The only exception is Silver, for which 50 is recommended. It is set to 100 by default.
- Multiplying Factor - multiplying factor necessary for exponential smoothing the index. Small values result in a sensitive short-term indicator. Large values result in a slow long-term indicator. The parameter's purpose is similar to P or Period parameter for exponential moving average. The default value is 10.
|Indicator Buffer Number||Contents|
|0||Index value on a corresponding bar/candle of the main chart|
|1||Index of the indicator color (See Colors section)|
Standard version of the indicator has following rules of index coloring.
- Yellow - index value is zero.
- Red - index value is below zero.
- Blue - index value is above zero.
Colors can be changed in the setting window of the indicator.
Herrick Payoff Index Interpretation
HPI measures the capital inflow and outflow from the market. It helps to find out when powerful traders secretly buy up or sell out assets. If the index is above zero, volume of funds coming on stream grows (sign of bulls). If the index is below zero, outflow of funds is observed (sign of bears). But the strongest HPI's signals are generated in case of its divergence with prices (see example in the screenshot).
You can also have other signals using HPI. Their description is freely available on the Internet or, for example, in Alexander Elder's Trading for a Living.
Halley´s comet it is a Secure Automated Software for trade Forex market and indices. The architecture is a Fully Automatic Autonomous Robot Expert capable of ⭐⭐⭐⭐⭐ independently analyzing the market and making trading decisions ⭐⭐⭐⭐⭐ Halley´s comet It is an advanced trading system. This is a fully automatic Expert Advisor. Halley´s comet . It is a 100% automatic system, The system is self-sufficient, performing all the work. Is a revolution in the customiz
Вертикальная гистограмма объема - отображает распределение объема по уровням. Гистограмма рассчитывается от объема ( реального или тикового), при этом объем соответствующий бару переносится на уровень H-L бара. Таким образом, при распределении объема за сутки по вертикали - формируются максимумы гистограммы показывающие области проторговки. Настройки индикатора: Timeframe Set - период в пределах которого производится расчет. (рекомендуется D1) Step's - количество отображаемых периодов. Amplit
This indicator is based on Volumes standard indicator but it adds features than can be very usueful for the trader. This is the PRO(full working version) of the AvgVolumes the https://www.mql5.com/en/market/product/29968 So if you wanna try first how it works, I suggest you to download the otehr indicator and if you need to change values of parameter, consider to buy this indicator. Obviously volumes (number of ticks) are provided by the broker so they are not a unique value in the world but
Niubility Trend Niubility Trend displays the trend direction for all time frames in real time. You'll see at a glance at which direction the trends are running, how long they last and how powerful they are. All this makes it an easy-to-use trend trading system for beginners, advanced and professional traders. Features Easy to trade Customizable colors and sizes It is non-repainting and non-backpainting It is fantastic as a trailing stop method It implements alerts of all kinds
The indicator shows buy and sell signals. The " CounterTrend 5 " is designed to recognize profitable counter trend patterns from your chart. Features: The CounterTrend 5 is a Counter-Trend Trading with Simple Range Exhaustion System. Signals based on the daily trading range. The indicator calculates the trading range for the last few days and compare the price movements on short time intervals and generating short term reversal points. This is a leading indicator. It works on any instruments.
In which direction should I trade today? For “TREND followers”, we need to determine the TREND . This indicator determines the Trend based on the price High, Low and Close of every bar, for a given period and timeframe. Calculating and plotting the Trend UP and Trend DOWN lines. If the: “Trend UP” line (Green) is above the “Trend DOWN” line (Red), then it is a BULLISH Trend (see "Screenshots" tab). “Trend DOWN” line (Red) is above the “Trend UP” line (Green), then it is a BEARISH Trend (see "
Rush Point Histogram Continuity force indicator. Operation: After a breach of support or resistance of an asset, the trader can understand by reading the histogram if such a move tends to continue, thus filtering false breaks or short breaks without trend formation. Through a simple, level-based reading, the trader can make a decision based on the histogram, where: Below 21: No trend formation 21 to 34: Weak trend 34 to 55: Strong Trend 55 to 89: Strong tendency Suggested Reading: Observed disru
Horizontal Volumes Indicator - using a histogram, displays the volume of transactions at a certain price without reference to time. At the same time, the histogram appears directly in the terminal window, and each column of the volume is easily correlated with the quote value of the currency pair. The indicator practically does not require changing the settings, and if desired, any trader can figure them out. The volume of transactions is of great importance in exchange trading, usually an in
Genius Power indicator provides Entry Signal, StopLoss and TakeProfit levels by detecting trend direction. Its smart algorithm detects the trend, filters out market noise. The indicator sends notification when new signal is produced. The indicator calculates trend, momentum and patterns for you and gives best entry points. It clearly shows where to Buy or Sell, where to place your StopLoss and TakeProfit levels. I want your good reviews, please test it for free. I hope you will find it useful i
The Rise of Sky walker is a trend indicator is a powerful indicator for any par and any timeframe. It doesn't requires any additional indicators for the trading setup.The indicator gives clear signals about opening and closing trades.This Indicator is a unique, high quality and affordable trading tool. Can be used in combination with other indicators Perfect For New Traders And Expert Traders Low risk entries. Never repaints signal. Never backpaints signal. Never recalculates signal. Great F
Genius Breakout indicator provides Entry Signal, StopLoss and TakeProfit levels by using special breakout pattern. If you like breakout systems, you may use the buy and sell signals for trading. It clearly shows where to Buy or Sell, where to place your StopLoss and TakeProfit levels. Resistance and Support Levels are calculated by special formula. I want your good reviews, please test it for free. I hope you will find it useful in your trading systems. Features Resistance and Support Le
The indicator monitors the market trend, ignoring sharp fluctuations in the market and noise around the average price. Shows points for entering the market, points of potential market reversal. The indicator implements a kind of technical analysis based on the idea that the market is cyclical in nature. The indicator can be used both for pipsing on small periods, and for long-term trading.
DYNAMIC SR TREND CHANNEL Dynamic SR Trend Channel is a simple indicator for trend detection as well as resistance/support levels on the current timeframe. It shows you areas where to expect possible change in trend direction and trend continuation. It works with any trading system (both price action and other trading system that use indicators) and is also very good for renko charting system as well. In an uptrend, the red line (main line) serves as the support and the blue line serves as the
The famous brazilian trader and analyst Didi Aguiar created years ago a study with the crossing of 3 Simple Moving Averages called "Agulhada do Didi", then later was also named Didi Index, as a separate indicator. The period of those SMAs are 3, 8 and 20. As simple as that, this approach and vision bring an easy analysis of market momentum and trend reversal to those traders looking for objective (and visual) information on their charts. Of course, as always, no indicator alone could be used wit
Robô Animus. Animus é um robô para day trade em mini índice Bovespa. Sua estratégia funciona exclusivamente no ativo WIN, apresentando uma ótima sequência de ganhos com suas duas operações diárias. - Negociação no ativo Mini Índice (WIN) na BM&F BOVESPA; - Operações 100% day trade; - O robô vai completamente configurado com os parâmetros da estratégia, pronto para realizar as operações diárias. ATENÇÃO: Tipo de conta: [x] Netting, [ ] Hedge. Ativar o horário de funcionamento nos "Parâmetros d
INFINITY ProfitZone calculated from the volatility range of bulls and bears. It shows the change in the local trend and entry points, displays the support line and ProfitZone and LimitZone (resistance) trend, shows the time limits for the end of these zones, which are very likely to be reached. #1 ProfitZone - is the average price of trend (calculated by parameter "Averaging period for calculating parameters") #2 LimitZone - is the average level of price deviation from the trend (calculated
JUPITER it is a Secure Automated Software for trade Forex market and indices. The architecture is a Fully Automatic Autonomous Robot Expert capable of ⭐⭐⭐⭐⭐ independently analyzing the market and making trading decisions ⭐⭐⭐⭐⭐ JUPITER It is an advanced trading system. This is a fully automatic Expert Advisor. JUPITER . It is a 100% automatic system, The system is self-sufficient, performing all the work. Is a revolution in the customization of the trading. You
⭐⭐⭐⭐⭐ GALAXY it is a Secure Automated Software for trade Forex market and indices.⭐⭐⭐⭐⭐ ⭐⭐⭐⭐⭐ architecture is a Fully Automatic Autonomous Robot Expert capable ⭐⭐⭐⭐⭐ ⭐⭐⭐⭐⭐ independently analyzing the market and making trading decisions ⭐⭐⭐⭐⭐ GALAXY It is an advanced trading system. This is a fully automatic Expert Advisor. NO INPUT TO SELECT FOR THE TRADER ALL AUTO MATED THIS SYSTEM IS ALWAIS IN THE MARKET IN THE TWO DIRECCTION MAKE WINING CYCLES GALAXY .
"THE PATTERNIUM EUR/USD M30" THIS IS A SPECIAL INTRODUCTION SALE & RENT PRICE UNTIL 01.03.2020 - HURRY UP TO GET YOUR COPY NOW!!!! PLEASE DONT FORGET TO BE PATIENT IF YOU OCCURE A DRAWDOWN, IT IS UP TO MARKET SITUATION AND NORMAL IN A SPECIFIC RANGE! FURTHERMORE: WE USE VIRTUAL STOP AND TAKE (150 to 400 Points), SO ALSO THIS IS NORMAL AND NO FAILURE OF THE ADVISOR. THE SL/TP LEVELS ARE UP TO THE PATTERN TRADED! DESCRIPTION OF THE PATTERNIUM EUR/USD LIVE M30 VERSION: THIS VERSION CONTAINS
The indicator displays (to choose from): Spearman's rank correlation coefficient, Pearson's linear correlation coefficient, Kendall's rank correlation coefficient, and Fechner's sign correlation coefficient. The result can be further smoothed in 4 standard ways. After closing the bar, the values are fixed and not redrawn. When using the Spearman calculation, we get a well-known SSRC, with the only difference that the true coefficient is calculated in the indicator, and smoothing is applied to t
DO IT MT5 - it is a Secure Automated Software for generation of daily profits for Forex market and indices. The architecture is a Fully Automatic Autonomous Robot Expert capable of ⭐⭐⭐⭐⭐ independently analyzing the market and making trading decisions ⭐⭐⭐⭐⭐ The Trading system is Multi-currency and is able to trade on charts: EURUSD, USDJPY, GBPUSD, DAX30, GOLD, SPX500 🔥 The Best and Latest settings for DOIT v9.77 🔥 🔥 You Can additionally contact me Instagram 🔥
Lite version of Yellow MT5 Hedge Expert Advisor . Differences from full version: 1. Market entering points are limited. 2. Trading always starts with minimal lot. The fully automated Yellow MT5 Hedge Lite EA works on short-term trend changes creating the price channel set in the parameters. Trading is carried out at the external borders of this channel by opening positions in different directions with different lot sizes. The strategy is simple, but effective. With adequate money management,
Using this indicator is very simple, since the simplest is to look at the chart and act according to the color arrows. When calculating this indicator, the logarithmic gains are first calculated at the closing price, which allows you to filter out the trend, seasonality and other inclusions that spoil the volatility picture, then the standard square deviation is constructed from the data obtained. Such a calculation option takes into account intraday price fluctuations and focuses on measur
It is a Graphical and Trend indicator that brings several advantages.⭐ ⭐ ⭐ ⭐ ⭐ Eliminates noise. Facilitates the identification of the trends. Can be used as directional force indicator. Identify lateralization: candles with close and open price closer. Identifies high volatility: candles with shadows larger than the body. Attention!!! Works on any asset and any time frame. Easy setup Symbol: anyone ✅ Time frame: anyone ✅ Parameters: Indicator Period ✅ Recommended Period : betw
The Heiken Ashi On-Off let you to focus on the price inversion. If used in conjunction with candelstick charts it helps to spot the inversion of market trend . It is possible highlight doji candles with a different color. How it works: you can choose if you want the indicator always shown or always hided while switching among different time frames or financial instruments . Starting from this initial condition it's possible to show/hide the indicator just pressing the button or using the
"THE PATTERNIUM EUR/USD H1" THIS IS A SPECIAL INTRODUCTION SALE & RENT PRICE UNTIL 01.03.2020 - HURRY UP TO GET YOUR COPY NOW!!!! PLEASE DONT FORGET TO BE PATIENT IF YOU OCCURE A DRAWDOWN, IT IS UP TO MARKET SITUATION AND NORMAL IN A SPECIFIC RANGE! FURTHERMORE: WE USE VIRTUAL STOP AND TAKE (150 to 400 Points), SO ALSO THIS IS NORMAL AND NO FAILURE OF THE ADVISOR. THE SL/TP LEVELS ARE UP TO THE PATTERN TRADED! DESCRIPTION OF THE PATTERNIUM EUR/USD LIVE H1 VERSION: THIS VERSION CONTAINS 8
BelkaMiner is a fully automated breakout / momentum / reversal trading system (platform) based on Neural Networks and the most well-known clustering algorithm that is used for unsupervised Machine Learning and statistical data analysis ( Data Mining ). The EA allows you to build a machine learning -based trading system on any pair and timeframe; It's a real Data Miner and ML system , not just pretty words. You can fully control the learning process and change the data mining settings in your o
Important Note : 1. Active Signals Performance via TREND LINE MAP INDICATOR ( Daily Update ) ► Click Here 2. Backtesting Multi-currencies and multi-timeframes trading systems required a supercomputer with a very good performance and computer resources. Please try our free version to explore all the features and tools of the Trend Screener indicator inside of demo testing. Free version Link : https://www.mql5.com/en/market/product/47786 Breakthrough Solution For Trend Trading And Filt
EA Auto Trading This is New Auto Trading Expert ,Only For GBPUSD Time Frame M5. 1- Chart Time Frame : Only For GBPUSD Time Frame M5. 2- Account Leverage: 1:500 3- Fully Automated Trading EA/Robot 4- Initial Deposit : 500$ 5- Contact me if you have any problems 6- Please first Check Back Test (Strategy Tester) on your Terminal, then buy or rent this product. Telegram : @EA_Auto_Trading
策略描述： 本EA为趋势EA，思路是最简单的追涨追跌的交易手法，配合移动止损及时截断亏损让利润奔跑，本EA主要交易EURUSD 和 XAUUSD。 参数设置： Transaction ： 只有Transaction=true时EA才会工作。 Lots ： 下单手数，建议10000USD下单1标准手 即：1000USD 下 0.1手。 less_stop : 净值低于不在交易。 Maxi_point ： 最大点差限制，这里要看黄金的报价小数，比如黄金两位小数点报价的平台您限制最大点差为50，那么三位小数点报价的平台就是设置500。 SL_symbol_1 ： SL_symbol_2 ： 产品1和产品二的止损点数，比如黄金两位小数点报价的平台您设置止损点数为300，那么三位小数点报价的平台就是设置3000。 symbol_1 : symbol_2 : 产品1和产品二的昵称，并不是所有平台的黄金都叫 "XAUUSD "。请根据平台的昵称填写。注意symbol_1 填欧元兑美元 ，symbol_2填黄金