amplitude (minimum maximum) indicator
Info
The amplitude (minimum maximum) indicator is a Indicator for MetaTrader 5 that this indicator will show the amplitude [minimum; maximum] of a given period and can act as a substitute of the atr indicator. the indicator can be used to observe volatility and the force of past swings, useful to determine excesses that will possibly be reversed or repeated, given that the user has knowledge to complement with volume or standard-deviation strategies.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use amplitude (minimum maximum) indicator
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
this indicator will show the amplitude [minimum; maximum] of a given period and can act as a substitute of the atr indicator.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: candle amplitude - another powerful indicator for MetaTrader 5 traders.
this indicator will show the amplitude [minimum; maximum] of a given period and can act as a substitute of the atr indicator. the indicator can be used to observe volatility and the force of past swings, useful to determine excesses that will possibly be reversed or repeated, given that the user has knowledge to complement with volume or standard-deviation strategies.
Also recommended: simple label indicator that shows amplitude, spread and clock (time) - similar indicator with strong performance on MetaTrader 5.
it is suggested a period of 55200 at m1 or 2400 at h1 (meaning 40 sessions of 23hs each), or any period that complements your strategy.changelog
v1.05 also some fixes
v1.04 some fixes
v1.02 updated checks, implemented relative amplitude (a percentage), updated comments, many more period input settings (d1, w1 and mn are a constant, because w1 is 7 days and mn is something else)
v1.01 code fixes (removed eventkilltimer() from ondeinit() and added more comments - nothing that actually matters other than the comments)
v1.00 first release
You may also like: Quantora Candle Strength Analyzer MT5: Price Action and Wick Analysis - excellent alternative for indicator users on MetaTrader 5.
Source Code
#ifndef AMPLITUDE_H
#define AMPLITUDE_H
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property description "Educational code - RobotFX www.robotfx.org"
#property description "Educational code - RobotFX www.robotfx.org"
#property description "Educational code - RobotFX www.robotfx.org"
#property version "1.05"
#property strict
#property indicator_separate_window.......
⚠ 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.