The Restoring Pull Indicator, developed by John Ehlers, is a momentum indicator that provides clear buy and sell signals. As noted in Stocks & Commodities V.11:10 (395-400), this indicator is one of Ehlers’ earliest contributions to technical analysis. The principle is straightforward: when the indicator line turns green, it signals a buying opportunity. Conversely, when the line turns red, it’s time to sell. This tool is particularly useful for traders looking to capitalize on shifts in market momentum. Understanding its application can enhance decision-making in trading strategies.
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The Predictive Moving Average, developed by John Ehlers and featured in "Rocket Science For Traders" (page 212), is an early leading indicator. It provides actionable insights for buy and sell decisions based on color-coded signals. When the indicator line turns green, it signals a buying opportunity. Conversely, a red line indicates a selling point. This method aims to offer precise market timing by anticipating future price movements. Integrating this indicator into trading strategies can enhance decision-making processes and optimize trade execution by leveraging its predictive capabilities.
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In the current technical chapter, multiple indicators such as RSI, Stochastic Oscillator, and Moving Average will enhance a trading strategy. Discussion focuses on recognizing hidden bullish and bearish divergences using RSI lows and highs in relation to price movements. Utilization of three indicators aims to develop expert advisors for automating trades and implementing risk management through calculated lot sizes and stop-loss strategies.

The Moving Average evaluates trend direction, while the Stochastic Oscillator confirms trading signals. Specific trading logic for identifying and setting divergence techniques will be addressed, including predefined Risk-Reward Ratios and adjusting based on EMA positioning.

Indicator properties and data retrieval are essential as arrays store key indicator metrics. This arrangement facilitates informed EA tradin...
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MQL5 has evolved beyond a basic programming language for simple trading robots. It now supports the creation of complex trading programs that can be robustly deployed and tested. Manual traders often utilize the native or custom indicators for market analysis in MetaTrader5, which offers a user-friendly interface for indicator attachment to charts. However, in algorithmic trading, indicator calculations hold more significance than visual chart representations.

Algorithmic trading requires meticulous calculation of indicators like the Simple Moving Average (SMA). Traditional approaches using predefined price constants and smoothing methods in MQL5 may limit flexibility. Rethinking the input structure for indicators can expand exploration possibilities. Inspired by TA-Lib's flexible approach, implementing indicators with customizable input fosters ne...
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This tool identifies trend lines in MetaTrader 5 using two techniques. Type 1 relies on two extremum points within specified bar ranges, while Type 2 combines an extremum with a minimal delta point for dynamic trend lines. Users can adjust parameters like line width, color, and extremum side ranges.

Trend lines appear as pink support and blue resistance lines, offering adjustable properties. Select between EXM_EXM or EXM_DELTA line types. Set the left and right extremum side for Type 1 and bar offset for Type 2. Choose whether to include the bar before the extremum and specify line thickness and color.

To implement, attach it to any MetaTrader 5 chart. Adjust the settings according to your strategy. Trend lines automatically update with each new bar, without including the current unformed bar in calculations. The tool requires sufficient historica...

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Multiple indicators on a single trading screen can complicate analysis, often leading to errors. A solution is integrating charts with MetaTrader 5 templates for organized data. This approach involves saving specific configurations, allowing for quick switching between indicators or assets without manual setup each time.

MetaTrader 5 templates simplify management by storing configurations for indicators like RSI or MACD, and assets such as VALE3, PETROBRAS, and ITAU. Creating separate template files for different indicators or assets maintains clarity and efficiency.

Understanding how to apply and manage these template files can optimize visual space and minimize clutter, enhancing trading analysis even on smaller displays.

👉 Read | AlgoBook | @mql5dev

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