if previous candle is bear and current candle is bull with open below the previous candle's close, it marks a bullish arrowif previous candle is bull and current candle is bear wit...
comparison between upper wick and lower wick of a candle to find imbalance and plots an wingdinguser can define the multiplication in input field e.g. value of 2 means if upper wic...
horizontal grid controller with keyeventsl -> increase grid pointsk - > decrease grid pointsj - > reset grid points to defaultit also shows comment on chart about actual g...
click on candlestick to see its body range, high low range, upper wick range and lower wick range value.bullish candlestick body range = close - openbearish candlestick body range ...
the mt5 custom indicator, named "wd.multi_linema.mq5," is designed to offer traders valuable insights into moving average values from a higher timeframe (mtf multi timeframe). it e...
the purpose of this indicator is to demonstrate newbie friendly way a structure of a multi time frame indicator based on recursion.a function which is responsible of the indicator ...
this is the mt5 port of an indicator that i implemented for my personal use.it allows you to define a checklist that helps you check your rules before opening a trade.keep in mind ...
probably everyone has put up a heikin ashi chart one time or another. it makes it look so much cleaner with less noise and clearer trends.but there is one major flaw — it hides the...
probably everyone has put up a heikin ashi chart one time or another. it makes it look so much cleaner with less noise and clearer trends.but there is one major flaw — it hides the...
draw a rectangle on chart to plot custom grids based on points value on inputadded option to use rectangle range to draw grid if user wish to use it. set mode to true or false, tru...
the indicator precisely quantifies market noise, helping traders distinguish between periods of high and low volatilitygraphically represented on the chart, allowing for easy inter...
candle zigzag is an indicator which changes its leg if a candlestick color changesit supports period of 1 while default zigzag in example folder does not work for period 1.it helps...
what is volume profile? the volume profile tool, also known as horizontal volume, illustrates transaction volume at each price within a specific time range using a horizontal histo...
"wd.multi_clockprice lite!" is designed to provide a visual representation of the mt5 terminal server time and bid price on the chart. it contains basic features for displaying clo...
ssh is a famous indicator which uses moving average high and low prices of candles to draw two lines. the cross point of these two lines considered as signal for buy or sell.illust...
basics:rsi indicator is frequently used in trading decisions coupled with levels checking. levels are supposed to show if there is overbought or oversold condition. but frequently ...
the mt5 custom indicator, named 'wd.range_bb,' is designed to display bollinger bands with customized colors and line styles on the chart and calculate the range bandwidth. the ran...
this is an indicator to calculate 14 types of moving averages based on close price.the calculations are mostly based on pine script libraries.types included are:sma, ema, wma, vwma...
candlestick fitness concept is used in coding hft algos based on population optimization algorithms.this simple indicator hides those candles which are unfit e.g. body range (open-...
the indicator can calculate gain/loss in two modes: plain candlestick close and open difference, and as difference between current close and previous close. you can set minimum c...
voitto tappio displays the gains and losses for all candles where the given threshold is surpassed. the values are calculated in points and percentage. the indicator can calculate ...
this is an indicator to calculate 4 types of atr weighted moving averages.the calculations are based on pine script library "taext by thebacktestguy".types included are:atrwsma, at...
fair value gaps are used in ict's smart money concept where there is an imbalanace of 1 point or more between 1st candle's high and 3rd candle 's low in bullish and 1st candle 's l...
in an algorithm experiment, candlesticks were studied with a behavior of frog jump. it is considered a frog never jumps a single block of leaf in the pond but covers a distance fro...
the ava (adaptive volatility analysis) indicator is a tool i've developed, primarily for enhancing my own indicators and expert advisors (eas). it's designed to gauge market price ...
historical levelsare prices over life time of a symbol which technically believed as most repeated prices. from financial point of view, these prices are important limits of econom...
a simple observatory of individual currencies.you can choose line color, line width and font size.the daily start is by default 00:00, but you can change the hours and minutes from...
how template works? this indicator provides a template to be used to plot divergences based on your desired oscillator.depending on which oscillator you choose(whether it is cci, r...
this is an indicator to calculate 14 types of moving averages based on close price.the calculations are mostly based on pine script libraries.types included are:sma, ema, wma, vwma...
forex sessions indicator highlights the forex market sessions the indicator assumes local "wall clock" trading hours of 8:00 am - 5:00 pm in each forex market, except in sydney it ...
you can simply add function void onchartevent(...) to your indicatorthe screens are from ea and its gui, indicator only changes window sizebefore compilation you need uncomment few...
quoted from investopediawhat is the harmonic mean?the harmonic mean is a numerical average calculated by dividing the number of observations, or entries in the series, by the recip...
quoted from wikipedia:in mathematics, the logarithmic mean is a function of two non-negative numbers which is equal to their difference divided by the logarithm of their quotient. ...
dominant candle is a a two candlestick set where the wicks intersect each other's body area and body of the candles are either gapped up, gapped down or equaldominant candle is usu...
the indicator draws three line plots on the chart. it detects the current period, and you assign two other periods in the input which should compare to the current period.if the pr...
the relative strength index is an age old indicator, that possess incredible edge to this day. the problem though, is its susceptibility to noise from the markets, generating a lot...
a simple indicator code for learners which may also help you in manual backtest by just moving a vertical line to show hide bars.add the indicator to chart and add a vertical line ...
i developed this indicator to provide an alternative to the standard moving average methods in the metatrader 5 bollinger bands indicator, which only offer the 'simple' method. wit...