i cross ad
Info
The i cross ad is a Indicator for MetaTrader 5 that indicator scad (icrossad). it shows possible reversals or price roll-backs.
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 i cross ad
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
indicator scad (icrossad).
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: xander adaptive cross: trend identification tool - another powerful indicator for MetaTrader 5 traders.
indicator scad (icrossad). it shows possible reversals or price roll-backs. the indicator is based on the intersecting by a/d a trend line built on the extreme values of indicator a/d.
Also recommended: crosshair - real-time candle metrics on hover - similar indicator with strong performance on MetaTrader 5.
the indicator is based on the "mt4 signal function based on the accumulation/distribution (a/d) indicator" described in article ". briefly: if a trend line built on the a/d indicator chart is crossed by the indicator line, then the price will most probably cross the trend line based on the price chart, too. thus, upon a signal from the indicator, a reversal or a roll-back can be expected.the indicator has twenty-three adjustable parameters:
ad applied volume
— volume used when calculating ad
bars for calculate
— number of bars where the intersection is looked for.
unchecked bars
— number of the last bars on the right, the intersection with which is not considered as a signal ("sensitivity" filter).
filtering indicator
— filtering indicator
without filtration
- without filtering on additional indicators
filter by cci
- filter on indicator cci
use setting by default cci parameters
— if cci is used for filtering the signals, then the yes value allows using the cci default settings.
cci p
eriod
— cci calculation period if default cci settings are not used.
cci a
ppled price
— cci calculation price if default cci settings are not used.
the upper level of the filter indicator
— upper level of the filtering indicator.
the lower level of the filter indicator
— lower level of the filtering indicator.
draws arrow on chart
— draw signal arrows on the price chart (yes/no).
the size of the arrows on the chart
— size of signal arrows on the price chart.
bullish arrows color
— color of bullish arrows.
bearish arrows color
— color of bearish arrows.
draw a trend line
— draw a trend line on the a/d indicator chart, intersections with which are searched for (yes/no).
trend line thickness
— thickness of the trend line.
trend line style
— style of the trend line.
downtrend line color
— color of the downtrend line.
uptrend line color
— color of the uptrend line.
draw the search area
— draw the area for searching the intersections (yes/no).
search area style
— drawing style of the search area
fill
- filling
frame
- frame
search area line width (if frame mode)
— line width of the search area (if drawing with a frame is selected).
search area line style (if frame mode)
— line style of the search area (if drawing with a frame is selected).
search area color
— color of the search area line/filling.
fig.1. scad, default settings
fig. 2. scad, default settings. draw a trend line = yes, draw the search area = yes, search area style = fill
You may also like: Stochastic Cross Alert Indicator Overlay - 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.