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 the it to open properties and adjust parameters.

Free Wmi For 3. 5 for MT5 (with DT W engine) for MetaTrader 5

MetaTrader 5 indicator

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Wmi For 3. 5 for MT5 (with DT W engine)

Info

The Wmi For 3. 5 for MT5 (with DT W engine) is a Indicator for MetaTrader 5 that this indicator predicts possible future price movements by searching for similar candle patterns in the rate history. This is an adaptation of original indicator WmiFor 3.

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 Wmi For 3. 5 for MT5 (with DT W engine)

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 indicator predicts possible future price movements by searching for similar candle patterns in the rate history.

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: Multi Color Zerolag JC C X Trend x10 - another powerful indicator for MetaTrader 5 traders.

This indicator predicts possible future price movements by searching for similar candle patterns in the rate history.

Also recommended: Volatilty Bands - similar indicator with strong performance on MetaTrader 5.

This is an adaptation of original indicator WmiFor 3.0 (with dynamic time warping engine, DTW) for .
Input parameters

IsTopCorner - Info panel in upper corner

OffsetInBars - Offset backward in bars (to check forecast) [1..]

IsOffsetStartFixed - Keep offset of the start of the pattern (move synchronously with new bar formation)

IsOffsetEndFixed - Keep offset of the end of the pattern (move synchronously with new bar formation)

PastInBars - Length of the pattern to search (in bars) [3..]

VarShiftInBars - Variation of the found candidates' length (in bars) [0..]

ForecastInBars - Forecast this number of bars [1..]

MaxAgeInDays - Maximal history age to search (in days) [1..]

MaxVarInPercents - Maximal allowed tolerance in candidates (%) [0..100]

MaxAlts - Maximal number of candidates to find [1..]

ShowPastAverage - Show average price movement of candidates from history

ShowForecastAverage - Show average line with price forecast

ShowBestPattern - Show the best candidate (disables the average line)

ShowTip - Show trading tip

IndicatorPastAverageColor - Color of the average line on history

IndicatorCloudColor - Color of the range of candidates (high and low)

IndicatorBestPatternColor - Color of the best candidate

IndicatorVLinesColor - Color of vertical boundaries of the pattern

IndicatorTextColor - Color of the info panel and tip

IndicatorTakeProfitColor - TakeProfit and StopLoss color

XCorner - Margin from left/right borders of the chart

YCorner - Margin from upper/lower borders of the chart

You may also like: The "DC signals" signals generator - excellent alternative for indicator users on MetaTrader 5.

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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.

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