Bubbles and Drops Indicator
Info
The Bubbles and Drops Indicator is a Indicator for MetaTrader 5 that maxaxa angry hunterthe bubbles and drops indicator is a unique tool that leverages the concept of environmental disturbances and their resulting waves to predict price movements. It focuses on two key phenomena:- Drops falling: When the open price is less than the close price, indicating a drop in the market.
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 Bubbles and Drops 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
Maxaxa Angry HunterThe Bubbles and Drops indicator is a unique tool that leverages the concept of environmental disturbances and their resulting waves to predict price movements.
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: ahrens ma c d - another powerful indicator for MetaTrader 5 traders.
Maxaxa Angry HunterThe Bubbles and Drops indicator is a unique tool that leverages the concept of environmental disturbances and their resulting waves to predict price movements.
Also recommended: em a to sm a ma c d - similar indicator with strong performance on MetaTrader 5.
It focuses on two key phenomena:
- Drops falling: When the open price is less than the close price, indicating a drop in the market.
- Bubbles rising: When the open price is greater than the close price, resembling bubbles rising to the surface.
These disturbances create waves that gradually fade over time. The indicator uses a simple fading calculation: f ( x ) = a / x * sin ( x * a ), where 'a' represents the amplitude, which is the difference between the open and close prices.
The initial value is set at the first history bar (open[ historydeep ]), and subsequent fading values caused by each new bar are added to this initial value.
This indicator was originally implemented in MQL4 and released in the code base in 2026, offering a novel approach to market analysis.
You may also like: bs i trend indicator - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#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
#property indicator_plots 2
#property indicator_type1 draw_line
#property indicator_color1 red
#property indicator_style1 style_solid
#property indicator_width1 1.......
⚠ 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.