Kwan_RDP
Info
The Kwan_RDP is a Indicator for MetaTrader 5 that a simple oscillator based on the values of the idemarker, imfi, and imomentum indicators, implemented as a two-coloured histogram. Indicator Calculation Formula:The growth of a financial asset is usually accompanied by the indicator's growth and the aquamarine colour of the histogram.
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 Kwan_RDP
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
A simple oscillator based on the values of the Idemarker, IMFI, and IMomentum indicators, implemented as a two-coloured histogram.
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: RS i-Trend NRTR - another powerful indicator for MetaTrader 5 traders.
A simple oscillator based on the values of the Idemarker, IMFI, and IMomentum indicators, implemented as a two-coloured histogram.Also recommended: Cronex Super Position Indicator - similar indicator with strong performance on MetaTrader 5.
Indicator Calculation Formula:
The growth of a financial asset is usually accompanied by the indicator's growth and the aquamarine colour of the histogram. An asset is considered falling if the indicator falls and the histogram is red and pink. The optimal time to perform a trade is when the colour of the histogram bars changes.
The indicator uses the SmoothAlgorithms.mqh library classes (copy it to
Fig.1. Indicator Kwan_RDP
You may also like: Color ZeroLag RSI with Timeframe Selection - 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.