movment
Info
The movment is a Indicator for MetaTrader 4 that the indicator paints bars in different colors depending on the direction of the price movement (red - up, blue - down). the direction is determined according to the price movement by the amount of points specified in the 'points' variable.
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 movment
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
the indicator paints bars in different colors depending on the direction of the price movement (red - up, blue - down).
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: Correlated Currency Pair Movement Indicator - another powerful indicator for MetaTrader 4 traders.
the indicator paints bars in different colors depending on the direction of the price movement (red - up, blue - down).
Also recommended: fx analyser - similar indicator with strong performance on MetaTrader 4.
the direction is determined according to the price movement by the amount of points specified in the 'points' variable. during a movement in the opposite direction the saturation of the color is reduced according to the rollback value. apart from the main color, there are three additional color gradations: at a rollback of 1/4 of the 'points' value, 1/2 and 3/4. a rollback to a 'points' value means a change in the price movement direction, in this case the indicator is painted to th main color of the opposite direction.movment
You may also like: adaptive momentum oscillator idea from david varadi - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property indicator_chart_window
#property indicator_buffers 8
#property indicator_color1 red
#property indicator_color2 blue
#property indicator_color3 lightcoral
#property indicator_color4 cornflowerblue
#property indicator_color5 lightpink
#property indicator_color6 lightblue.......
⚠ 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.