forex degrees
Info
The forex degrees is a Indicator for MetaTrader 4 that forexdegrees is a forex indicator for metatrader 4 with movement alerts. this indicator will write value degrees of the lastest position of price / ma / wpr / rsi / stochastic at the current timeframes, and the position degrees calculated from highest and lowest price on 100 bars.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use forex degrees
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
forexdegrees is a forex indicator for metatrader 4 with movement alerts.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: forex freeway 2 indicator - another powerful indicator for MetaTrader 4 traders.
forexdegrees is a forex indicator for metatrader 4 with movement alerts.
this indicator will write value degrees of the lastest position of price / ma / wpr / rsi / stochastic at the current timeframes, and the position degrees calculated from highest and lowest price on 100 bars.
Also recommended: daily trend indicator for forex trading - similar indicator with strong performance on MetaTrader 4.
and when position and condition of trend status change, the indicator will give an alerts.on this indicator, you can select the position calculations degree that you want:
see the indicator properties above
as you know, the highest degree in the chart (main chart or sub-window) is 90 degrees, and the lowest level on the chart (main chart or sub-window) is 270 degrees, and the middle is 0 degrees or 360 degrees.
rsi 70, a value equal to 36 degrees
rsi 30, a value equal to 324 degrees
wpr 80 (wpr -20), a value equal to 54 degrees
wpr 20 (wpr -80) , a value equal to 306 degrees
stochastic 80, a value equal to 54 degrees
stochastic 20, a value equal to 306 degrees
you can only choose one of the calculations degrees available:
price
or
ma
or
wpr
or
rsi
or
stochastic
.
if you choose the wrong, or choose two calculations degrees, then the indicator will automatically restore the default setting, which is price degrees.
may be useful for fellow
trader.
You may also like: forex market session indicator - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property link "https://robotfx.org"
#property version "1.00"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property indicator_chart_window
#property indicator_buffers 2
extern string forexdegrees = "copyright 2016 3rj ~ roberto philips-jacobs";.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.