equal garden arrow
Info
The equal garden arrow is a Indicator for MetaTrader 5 that description of the indicator: two indicator buffers ( ):if the 'close' price is higher than the ima indicator - assign the value '2', if it is lower - the value '-2' if the 'main' line of the stochastic is less than 'value level #1' - assign the value '1', if the 'main' line of the stochastic is greater than 'value level #2' - assign the value '-1' pic. 1.
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 equal garden arrow
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
description of the indicator: two indicator buffers ( ):if the 'close' price is higher than the ima indicator - assign the value '2', if it is lower - the value '-2' if the 'main' line of the stochastic is less than 'value level #1' - assign the value '1', if the 'main' line of the stochastic is greater than 'value level #2' - assign the value '-1' pic.
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: phase change index - jm a - another powerful indicator for MetaTrader 5 traders.
description of the indicator:two indicator buffers ( ):
if the 'close' price is higher than the ima indicator - assign the value '2', if it is lower - the value '-2'
Also recommended: DT-Pirson Volatility Indicator - similar indicator with strong performance on MetaTrader 5.
if the 'main' line of the stochastic is less than 'value level #1' - assign the value '1', if the 'main' line of the stochastic is greater than 'value level #2' - assign the value '-1'
pic. 1. equal garden arrow ((ima and istochastic added manually for visualization)
Source Code
яю//+------------------------------------------------------------------+
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.000"
#property indicator_separate_window
#property indicator_minimum -3
#property indicator_maximum 3
#property indicator_buffers 4
#property indicator_plots 2
#property indicator_label1 "MA".......
⚠ 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.