How do I install this Indicator on MetaTrader 5?

Download the file, open MetaTrader 5 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Indicator?

Drag the Indicator from the Navigator onto your chart and adjust the input parameters as needed.

Is this compatible with MetaTrader 5?

Yes, this Indicator is built specifically for MetaTrader 5.

Is this Indicator safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Indicator on multiple charts?

Yes, you can apply multiple indicators on the same chart.

Can I customize the settings of this Indicator?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free schaff trend cycle mt5 Indicator for MetaTrader 5

MetaTrader 5 indicator

Download ALL MT5 indicators (5742)

Similar MetaTrader Tools

schaff trend cycle mt5

Info

The schaff trend cycle mt5 is a Indicator for MetaTrader 5 that input parameters main mashort(default = 23) — the period of the fast moving average for the macd line calculation. should be less than malong.

Usage

This tool is typically used for trend following strategies across multiple currency pairs.

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 schaff trend cycle mt5

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

input parameters main mashort(default = 23) — the period of the fast moving average for the macd line calculation.

Typical Use Case

This Indicator excels in trend following 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 Multi-Timeframe Trend Dashboard MT5 - Professional EMA Trend Analysis - another powerful indicator for MetaTrader 5 traders.

input parameters main

Also recommended: Quantora Multi-Timeframe MACD Dashboard MT5 - Professional Momentum and Trend Analysis - similar indicator with strong performance on MetaTrader 5.

mashort
(default = 23) — the period of the fast moving average for the macd line calculation. should be less than
malong
.

malong
(default = 50) — the period of the slow moving average for the macd line calculation. should be greater than
mashort
.

cycle
(default = 10) — the length of the cycle in chart periods. the resulting cycle is twice as long because two stochastics are calculated consequentially. alerts

showarrows
(default = false) — if true, draws arrows above or below the respective bars where a signal is generated.

upcolor
(default = clrblue) — color of the bullish signal arrow.

downcolor
(default = clrred) — color of the bearish signal arrow.

showalerts
(default = false) — if true, a display alert will be called when a signal is generated.

soundalerts
(default = false) — if true, a sound alert will be played when a signal is generated.

pushalerts
(default = false) — if true, a push notification alert will be sent when a signal is generated. strategy

You may also like: Quantora Moving Average Dashboard MT5 - Professional EMA SMA Trend Analysis - excellent alternative for indicator users on MetaTrader 5.

Source Code

яю//+------------------------------------------------------------------+
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version   "1.04"
#property description "Educational code - RobotFX www.robotfx.org"
#property description "Educational code - RobotFX www.robotfx.org"
#property description "Educational code - RobotFX www.robotfx.org"
#property description "Educational code - RobotFX www.robotfx.org"
#property indicator_separate_window
#property indicator_buffers 3

.......

Leave your opinion, ask a question, share some knowledge

⚠ 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.