i max min trends
Info
The i max min trends is a Indicator for MetaTrader 4 that indicator is co-written with vladmir bocharov. the main idea - a connecting consistently the daily, weekly, monthly highs\lows by the trend lines to determine the direction of the market.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
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 i max min trends
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
indicator is co-written with vladmir bocharov.
Typical Use Case
This Indicator excels in trend following 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: trendscalpindic indicator - another powerful indicator for MetaTrader 4 traders.
indicator is co-written with vladmir bocharov.
the main idea - a connecting consistently the daily, weekly, monthly highs\lows by the trend lines to determine the direction of the market. in this case, the levels themselves highs lows also are plotted on the chart.
Also recommended: Trendsignal Indicator Version 2 - similar indicator with strong performance on MetaTrader 4.
thus, the indicator shows the most important levels and the current direction of movement within the higher timeframes (> h4).the figures below are marked with white daily highs/lows, yellow - weekly, blue - monthly, red - half year.
You may also like: d trends - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
#property indicator_chart_window
#property indicator_buffers 8
#property indicator_plots 8
#property indicator_label1 "dayhi"
#property indicator_type1 draw_line
#property indicator_color1 clrwhite.......
⚠ 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.