i movement
Info
The i movement is a Indicator for MetaTrader 5 that the indicator visually represents price trends by coloring candles based on direction and movement. it smoothly transitions between colors when the price retracement from the maximum/minimum is less than the 'movment' parameter value.
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 movement
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
the indicator visually represents price trends by coloring candles based on direction and movement.
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: average directional movement index wilder (adx wilder) - another powerful indicator for MetaTrader 5 traders.
the indicator visually represents price trends by coloring candles based on direction and movement.Also recommended: average directional movement index (adx) - similar indicator with strong performance on MetaTrader 5.
it smoothly transitions between colors when the price retracement from the maximum/minimum is less than the 'movment' parameter value.
a retracement equal to or greater than the 'movment' parameter indicates a trend change, prompting a color change until the next retracement matches the 'movment' value.
parameters:
movment
- the price movement in points required for a trend change.
upcolor
- color for upward trend candles.
upbackcolor
- color for 'retracement' candles in an upward trend.
dncolor
- color for downward trend candles.
dnbackcolor
- color for 'retracement' candles in a downward trend.
auto5digits
- automatically multiplies the 'movment' parameter by 10 for 5- and 3-digit quotes.
You may also like: Ease of Movement Technical Indicator - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_chart_window
#property indicator_buffers 8
#property indicator_plots 1
#property indicator_label1 "open;high;low;close"
#property indicator_type1 draw_color_candles
#property indicator_color1 clr_none
input int movment = 70; .......
⚠ 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.