track cyclical
Info
The track cyclical is a Indicator for MetaTrader 5 that track cyclical oscillator displays percentage price change relative to its moving average. the indicator has nine adjustable parameters:period - calculation periodmethod - calculation methodapplied priceexceptional overbought- overbought area in the area of exceptional fluctuationsabnormal overbought- overbought area in the area of abnormal fluctuationsnormal overbought- overbought area in the area of normal fluctuationsnormal oversold- oversold area in the area of normal fluctuationsabnormal oversold- oversold area in the area of abnormal fluctuationsexceptional oversold- oversold area in the area of exceptional fluctuationscalculation:tc = 100.
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 track cyclical
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
track cyclical oscillator displays percentage price change relative to its moving average.
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: Spread Meter - Real-Time Spread Tracker with Historical Max/Min Records - another powerful indicator for MetaTrader 5 traders.
Also recommended: Daily Range Tracker - similar indicator with strong performance on MetaTrader 5.
track cyclical oscillator displays percentage price change relative to its moving average.the indicator has nine adjustable parameters:
period
- calculation period
method
- calculation method
applied price
exceptional overbought
- overbought area in the area of exceptional fluctuations
abnormal overbought
- overbought area in the area of abnormal fluctuations
normal overbought
- overbought area in the area of normal fluctuations
normal oversold
- oversold area in the area of normal fluctuations
abnormal oversold
- oversold area in the area of abnormal fluctuations
exceptional oversold
- oversold area in the area of exceptional fluctuations
calculation:
tc = 100.0 * (applied price-ma) / ma
where:
ma - sma(applied price,period,method)
You may also like: spread monitor: real-time spread and swap tracker - 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.