didi needles - with ma threshold diff filtering
Info
The didi needles - with ma threshold diff filtering is a Indicator for MetaTrader 5 that to also avoid firing up a signal on a weak trend, it was added to the indicator the ability to set a threshold considering the "inclination" of the "crossover". if the threshold is surpassed, a buy/sell signal is fired up in one of the 2 buffers (bufferbuy/buffersell).
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 didi needles - with ma threshold diff filtering
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
to also avoid firing up a signal on a weak trend, it was added to the indicator the ability to set a threshold considering the "inclination" of the "crossover".
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: Didi Index Indicator - another powerful indicator for MetaTrader 5 traders.
to also avoid firing up a signal on a weak trend, it was added to the indicator the ability to set a threshold considering the "inclination" of the "crossover". if the threshold is surpassed, a buy/sell signal is fired up in one of the 2 buffers (bufferbuy/buffersell). you can check on the code that those signals are currently using the low[] and high[] values of the current candle. you can play with it using, let's say, ask/bid price in case if you are testing this in a pluggable ea.
Also recommended: didi index ht f - similar indicator with strong performance on MetaTrader 5.
since there are several markets - using points, prices, etc - the "inclination" calculation is just a percentage value of the difference between the 3ma and the 20ma. and, to discover what is the best threshold for the symbol, it was added an additional buffer (bufferdiff) to enable the user, using the data window, to check with the mouse every candle and see the calculation live on the chart/data window:so, for each symbol the user can put the studied minimum threshold on the indicator input to filter out the buy/sell signals.
hope this indicator can help traders all over the world.
as always, play a lot, using other parameters, timeframes, confirmation indicators, price action techniques, etc.
live long and prosper.
;)
=== update (jan/2018) - v1.1 - corrected a little bug in the code (damn comma!) thanks @guilhermeadams ;) ===
You may also like: didi index sign - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ 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.