Differential Average By Sultonov
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use Differential Average By Sultonov
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.
Description & Settings
Smoothed differential indicator by Sultonov. Indicator lines show the averaged accumulated sums of bulls and bears power for the user-defined period.
Calculation method
Bulls power is calculated by the following formula:
where:
BullsPower(i)
- current bulls power.
Close(i)
- Close price of the current bar.
Close(i + 1)
- Close price of the previous bar.
N
- indicator calculation period.
BUN
- number of positive increments of Close prices over N bars. The sum includes only positive increments.
Accordingly, the following formula is used for calculating the bears power:
where:
BearsPower(i)
- current bears power.
BEN
- number of negative increments of Close prices over N bars. The sum includes only negative increments.
The final indicator features additional smoothing of obtained lines.
Interpretation
The indicator consists of two lines filling space between them in color corresponding the trend direction. The higher line shows the stronger side. The intersection of lines (color change) indicates trend change and is a good moment for opening a deal in the direction of the power that appeared to be above the other one.
The indicator uses the classes of the
SmoothAlgorithms.mqh
library. Working with that class was described in details in the article .
The original indicator was developed in the MQL4 language and on 22.09.2017.
Fig. 1. Differential_Average_By_Sultonov indicator
