ro c2 vg
Info
The ro c2 vg is a Indicator for MetaTrader 5 that vladislav goshkov (vg)plotting roc indicators of two arbitrary types (including momentum) and periods in a single window. indicator calculation equations:mom = (price - prevprice) [momentum]; roc = ((price/prevprice)-1)*100 [rate of change]; rocp = (price-prevprice)/prevprice [rate of change percentage]; rocr = (price/prevprice) [rate of change ratio]; rocr100 = (price/prevprice)*100 [rate of change ratio 100 scale].
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 ro c2 vg
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
vladislav goshkov (vg)plotting roc indicators of two arbitrary types (including momentum) and periods in a single window.
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 Account Health Monitor MT5 - Professional Account Health and Risk Monitor - another powerful indicator for MetaTrader 5 traders.
Also recommended: Quantora Trading Session Monitor MT5 - Professional Market Session and Activity Monitor - similar indicator with strong performance on MetaTrader 5.
vladislav goshkov (vg)plotting roc indicators of two arbitrary types (including momentum) and periods in a single window.
indicator calculation equations:
mom = (price - prevprice) [momentum];
roc = ((price/prevprice)-1)*100 [rate of change];
rocp = (price-prevprice)/prevprice [rate of change percentage];
rocr = (price/prevprice) [rate of change ratio];
rocr100 = (price/prevprice)*100 [rate of change ratio 100 scale].
this indicator was first implemented in mql4 and published in on 28.03.2006.
fig.1. roc2_vg
You may also like: Quantora Symbol Information Dashboard MT5 - Professional Symbol and Trading Specifications Panel - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_plots 1
#property indicator_type1 draw_filling
#property indicator_color1 clrforestgreen,clrorangered
#define reset 0 //
enum enum_type.......
⚠ 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.