simple decycler
Info
The simple decycler is a Indicator for MetaTrader 5 that simple decycler indicator is created based on "decyclers" article by john f. ehlers in the magazine "technical analysis of stocks & commodities" (september 2015).
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 simple decycler
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
simple decycler indicator is created based on "decyclers" article by john f.
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: Simple Countdown Timer for Next Candle - another powerful indicator for MetaTrader 5 traders.
simple decycler indicator is created based on "decyclers" article by john f. ehlers in the magazine "technical analysis of stocks & commodities" (september 2015).
Also recommended: Simple Clock Indicator - similar indicator with strong performance on MetaTrader 5.
it has two configurable parameters:hp period
- high-frequency filter period
applied price
the indicator sorts price high-frequency components discarding low-frequency direction components and quickly responding to the market situation. the indicator draws three lines. if a stock price is above the upper line, then it is considered to be in an uptrend, if the price is below the lower line, then it is considered to be in a downtrend. if the price is between these lines, the stock is not in a trend.
You may also like: Simple Clock Indicator - 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.