solar wind indicator for mq5
Info
The solar wind indicator for mq5 is a Indicator for MetaTrader 5 that 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.
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 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.
What this tool does
this is a re-write of the old solar winds indicator for mq5.
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: Separate Window Bar Chart Indicator - another powerful indicator for MetaTrader 5 traders.
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.
Also recommended: Solar Winds Indicator - similar indicator with strong performance on MetaTrader 5.
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.
You may also like: BBFlat SW: Bollinger Bands in a Separate Window - excellent alternative for indicator users on MetaTrader 5.
Source Code
яю//+------------------------------------------------------------------+
string g_shortName="SolarWinds";
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.02";
#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 strict
#property indicator_separate_window.......
⚠ 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.