real value
Info
The real value is a Indicator for MetaTrader 5 that grzegorz szczerbathis indicator is an attempt to evaluate the real market value of a financial asset. the idea was to create something that changes the direction slower than the market price and corresponds to the situation better than a moving average.
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 real value
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
grzegorz szczerbathis indicator is an attempt to evaluate the real market value of a financial asset.
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: Quantora Pip Value Calculator MT5: Professional Pip and Point Value Calculator for MetaTrader 5 - another powerful indicator for MetaTrader 5 traders.
Also recommended: Quantora Symbol Information Panel MT5 - Real-time Trading Specifications Dashboard - similar indicator with strong performance on MetaTrader 5.
grzegorz szczerbathis indicator is an attempt to evaluate the real market value of a financial asset. the idea was to create something that changes the direction slower than the market price and corresponds to the situation better than a moving average. the indicator increases, if the price is above it, and goes down, if the price is below. the rate of growth/decline is proportional to the average difference between the low and high of the bars in a period specified in the settings.
the indicator uses smoothalgorithms.mqh library classes (copy it to <terminal_data_folder>\mql5\include). the use of the classes was thoroughly described in the article .
originally this indicator has been written in mql4 and was first published in the on 04.01.2016.
figure 1. the realvalue indicator
You may also like: Quantora Market Status Dashboard MT5 - Real-Time Market Analysis - 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 1
#property indicator_plots 1
#property indicator_type1 draw_line
#property indicator_color1 clrdodgerblue
#property indicator_style1 style_solid
#property indicator_width1 2.......
⚠ 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.