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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: snr sentinel: adaptive support & resistance indicator for mt5 - another powerful indicator for MetaTrader 5 traders.
Also recommended: mc ginley dynamic (official) - similar indicator with strong performance on MetaTrader 5.
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 3.0 (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: jsatl candle chl ht f - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "3.5"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property indicator_chart_window
#property indicator_buffers 8
#property indicator_plots 5
#property indicator_style1 style_dot
#property indicator_width1 1.......
⚠ 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.