Notarius: Experimental Trend Indicator with Price Averaging Alerts
Info
The Notarius: Experimental Trend Indicator with Price Averaging Alerts is a Indicator for MetaTrader 4 that notarius is an experimental trend indicator that generates alerts based on price averaging. Settings: - Mode: Determines the signal formation method.
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 Notarius: Experimental Trend Indicator with Price Averaging Alerts
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
Notarius is an experimental trend indicator that generates alerts based on price averaging.
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: Firebird HMA Indicator - another powerful indicator for MetaTrader 4 traders.
Notarius is an experimental trend indicator that generates alerts based on price averaging. Settings: - Mode: Determines the signal formation method. - Start Bar: Specifies the number of bars from the trend's beginning. - Confirm: Sets the required confirmation movement in pips for a signal. - Flat: Defines the minimum distance in pips from the previous signal level to prevent new signals from forming within this range.Also recommended: fibonacci confluence zone finder - multi-swing clusters - similar indicator with strong performance on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 limegreen
#property indicator_color2 red
#property indicator_width1 1
#property indicator_width2 1
extern int mode=0; // 0...2
extern int startbar=2; // 1...+n.......
⚠ 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.