Solar Wind Indicator for MQ5
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use Solar Wind Indicator for MQ5
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.
Description & Settings
This is a re-write of the old Solar Winds indicator for MQ5. There has recently been some 'excitement' about using this with other indicators for entry signals, and after a request to develop an indicator using it, I found that it was a classic re-painter - so I am contributing this code with an easy switch to allow seeing the indicator in re-paint versus non-repaint mode.
I'm sure the mob will look at this and say its not worth much for trading... Please look at this as a relatively simple educational example on re-painting versus non-repainting as well as code examples for techniques for making indicators in MQ5.
The Solar Winds indicator is a smoothed curve showing when the trend is long versus short.
If you use this type of indicator for trading, you may also want to look up "Ehlers Fisher Transform" in the code base.
You can change this indicator between re-painting and non-repainting mode with the user input:input ENUM_ON_OFF NRP = ENUM_OFF; // Non-Repainting (NPR) ON/OFF
V1.02 adds choice for using Custom events or not and cleans up the plot definitions.
