Keltner Channel is a technical analysis tool formulated in 1960 by Chester W. Keltner. It resembles Bollinger Bands and Envelopes, relying on three plot lines: a middle line, calculated as a 10-day simple moving average of the typical price, and upper and lower bands derived from adding and subtracting a moving average of the daily price range. This results in a volatility-based channel. Users can adjust all moving average parameters—MA_Period, Mode_MA, and Price_Type. Suitable for MT4 and MT5, the Keltner Channel strategy typically involves going long when prices close above the upper band and short when below the lower band. Consider using additional indicators for confirmation to avoid false signals. Mathematically, channel weighting favors the trend direction, making it less likely for price to breach the trend-aligned band.
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The Moving Average Candlesticks indicator for MetaTrader offers an advanced visualization of standard moving averages using candlestick bars. By applying moving averages to Close, Open, Low, and High values, it provides a comprehensive market snapshot superior to the classic moving average indicator. Compatible with any currency pair and timeframe, it is accessible for both MT4 and MT5 platforms. Key input parameters include MAPeriod, set by default to 10, which determines the calculation period, and MAType, set to MODE_SMA, which specifies the moving average method.

Though not suitable for direct trading, it is effective for identifying price behavior irregularities. Analyzing candlestick body lengths and shadow lengths can reveal significant insights. While a change in color may appear as an entry signal, it often produces false signals.
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The article delves into creating a custom trading indicator in MQL5 on a netting account, which only allows a single position per symbol. It highlights the process of managing trades by utilizing dynamic matrices to track position entries, exits, and reversals. Essential functions like OnTrade() and OnCalculate() are crafted to handle trading events, updating the indicator in real-time. Developers and traders can leverage this technique to visualize and assess historical and live trades directly on chart objects, enhancing market analysis efficiency. The comprehensive example underscores the indicator's practicality and the systemic handling of trading logic for better strategy execution.
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The Price Alert MetaTrader indicator allows traders to receive notifications when price reaches pre-defined levels. It supports three types of levels: above, below, and exactly at a specified point, visually represented by green, red, and yellow lines on the chart. Alerts can be delivered as platform popups, emails, or push notifications. To activate email or push alerts, configure the necessary settings within your MetaTrader platform. This tool can be used on both MT4 and MT5 versions.

The indicator includes a control panel for configuring alert price, level, and type. Essential input parameters include setting price levels for alerts and choosing alert types like native popups, email, or push notifications. Users can adjust line color, style, and width for different alert levels, and control panel placement can be customized on the chart.
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The Murrey Math Line X indicator for MetaTrader platforms assists traders in analyzing pivot, support, and resistance levels. It places 8 primary lines and 5 additional ones on a trading chart, identifying potential points for buying, selling, and exiting trades. Alerts can be triggered when a candle closes past any pivot line. Customizable input parameters include 'Period' for line calculation affecting recency and accuracy, 'UpperTimeframe' for determining basic period usage, and 'StepBack' for line calculation shift.

Visual adjustments include label placement with 'LabelSide', line color and width, and an arrow to signify the latest calculated bar. Alert customization includes popup, email, and notification alerts provided they're configured properly. Understanding line significance is crucial: 0/8P and 8/8P indicate strong resistance/support, while...
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The Quantitative Qualitative Estimation (QQE) indicator for MetaTrader platforms, designed for technical traders, utilizes smoothed RSI calculations to present two distinctive lines in a separate window: fast and slow. A critical feature is the indicator level set at 50, influencing signal generation. Traders can activate alerts via text, sound, or email for significant events, like line crossovers.

The QQE is multi-timeframe compatible, allowing analysis from higher timeframes, and is free and open-source, readily integrated within MT4 and MT5. Key parameters include the smoothing factor (SF) and alert parameters such as AlertOnCrossover and AlertLevel, default set at 50. Visual cues are enhanced with directional arrows for bullish and bearish crossovers.

Strategically, QQE is valued in oscillator roles—spotting direct signals or divergence analy...
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The CCI Arrows indicator for MetaTrader provides clear signals of when the Commodity Channel Index crosses the zero line, marked by red or blue arrows. It offers minimal lag and high accuracy, suitable for traders favoring straightforward tools. The indicator is available for both MT4 and MT5 platforms and supports alerts via native pop-ups, emails, and push notifications.

Key parameters include CCI_Period, which influences lag and signal frequency, and alert configurations which need proper setup in MetaTrader. Decision-making should align with the overall trend; uptrends warrant long positions on blue arrows, and downtrends favor short positions on red arrows. In sideways markets, follow arrow direction for trade action. Stop-loss levels can be set using the arrow's position. Use this tool keeping in mind the trend's context for informed trading.
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The Gain/Loss Info indicator for MetaTrader offers a quantitative analysis tool, providing insights into market movements. It assesses gains and losses for candles exceeding user-defined thresholds, calculated in points and percentages. The indicator operates in two modes: it can evaluate the difference between candlestick Close and Open, or between the current Close and the previous Close. Users can configure minimum change limits, choose calculation modes, and customize font display colors for clarity.

Compatible with both MT4 and MT5, it features several input parameters, such as PercentageLimit and PointsLimit, which dictate when changes are displayed. Users have options for CloseToClose calculations and can choose distinct colors for gains and losses. The FontFace and FontSize options allow for display customization.

While not a direct tradin...
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The Detrended Price Oscillator (DPO) provides traders with an approach to identify short-term trend changes within a longer-term trend. This indicator calculates the difference between the current price and a simple moving average shifted by (Period / 2) + 1 bars. Unlike stochastic oscillators, the focus is on identifying the price waves within the prevailing trend. The DPO is available for both MT4 and MT5 platforms.

It features adjustable parameters, including MA_Period, which defines the moving average period, and BarsToCount, determining how many bars to consider in calculations. Alerts can be configured in MetaTrader, with options for native pop-up, email, and push notifications. Alert triggers can be based on either the previous or current candle.

Trade strategies using DPO involve analyzing trend changes indicated by the cross of the indicator ...
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The Keltner Channel, developed by Chester W. Keltner in 1960, is a traditional technical analysis tool. It comprises three lines: a middle line, which is a 10-day simple moving average applied to the typical price, and upper and lower bands. These bands add or subtract the moving average of the daily price range from the middle line, creating a volatility-based channel. The Keltner Channel can be customized in MetaTrader 4 and 5 by adjusting the MA period, mode, and applied price parameters.

A common strategy involves initiating long positions when the price closes above the upper band and short positions when it closes below the lower band. Exit strategies may include a conservative stop-loss, distant take-profit, or a cross with the middle line. Some traders enhance reliability by combining with other indicators for confirmation. The channel tends t...
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The Daily Percentage Change indicator for the MetaTrader platform effectively calculates the currency rate variations from the previous daily close, presenting them in percentage format within the main chart window. It also supports displaying percentage changes for weekly and monthly periods. Customization options allow users to set distinct colors for positive and negative price movements. An adjustable arrow further aids direction visualization of price changes.

For brokers operating in non-standard time zones, users can alter the Time Shift parameter, ranging from -12 to 12, to define the day's end accurately. This indicator is compatible with both MT4 and MT5 versions. Input parameters facilitate user customization, including visual aspects like font size, arrow size, and color settings based on price movements. Various distance and corner option...
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The Pinbar Detector is a specialized tool for MetaTrader platforms, designed to identify and mark Pinbar formations. It operates solely on price action without relying on conventional technical indicators. Upon detecting Pinbars, the indicator can place a "smiling face" symbol below bullish formations and above bearish ones. Users can configure detection settings through input parameters.

Key input parameters include CountBars to define the analysis span, and DisplayDistance to adjust the symbol’s proximity to candlesticks. Alert features are customizable, with options for platform alerts, email, and push notifications, subject to MetaTrader's settings configuration.

Advanced users can modify detection protocols using custom settings like nose body size, position, and relationship to other bar components, further refining the tool's response to sp...
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The Donchian Ultimate MetaTrader indicator provides a versatile approach to the classic Donchian channel with enhanced features. It supports variable periods and shifts for the channel, and allows the middle line to be turned off. Adaptable for multi-timeframe operation, it offers five different methods for calculating channel borders, along with optional support and resistance zones.

The indicator incorporates a robust alert system and offers extensive customization to meet diverse trading needs. Available for MetaTrader 4, MetaTrader 5, and cTrader, it requires no additional indicators in its code. Key inputs include period, timeframe, price type, and alert settings. Users can set alerts for crossings and zone entries, with alerts delivered via popup, email, or push notifications when configured.

While it doesn't directly signal trades, it can e...
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The Pinbar Detector is an indicator for MetaTrader designed to identify Pinbars without relying on standard technical indicators. It marks bullish Pinbars with a symbol below and bearish Pinbars above. Compatible with both MT4 and MT5, the detector features configurable input parameters for tailored detection. Key settings include CountBars, which dictates the number of bars to analyze, and DisplayDistance, which sets symbol placement. Alerts can be configured through platform or email notifications, provided MetaTrader settings are appropriately adjusted.

Advanced customization options enable refined control over detection criteria, such as body-to-length ratios and positioning within the pattern structure. Parameters like CustomMaxNoseBodySize, CustomNoseBodyPosition, and others, allow for nuanced adjustments, catering to specific trading strategies...
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Dots is an indicator available for both MT4 and MT5 platforms, originally adapted from the 2006 indicator by TrendLaboratory. It visually represents trend directions on the main chart via color-coded dots: blue for bullish trends and red for bearish trends. Notably, this indicator utilizes the iMA() function to acquire necessary price values based on the selected price type, such as Close or Open, opting for a unique calculation method anchored on the cosine of price change angles.

Numerous input parameters can be adjusted, with key ones including Length (default: 10), which influences the lag and signal reliability; AppliedPrice (default: PRICE_CLOSE), dictating the price type for calculations; and Filter (default: 0), effective for filtering spikes. Additionally, Deviation and Shift parameters allow for vertical and horizontal display adjustments re...
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The Point-and-Figure MetaTrader 5 indicator enables users to incorporate point-and-figure charting directly within the MT5 platform, allowing for detailed customization. Traders can adjust box size and reversal distance parameters to suit their strategies. This indicator focuses solely on significant price changes, dismissing the time element, which can provide a unique perspective on market movements.

The indicator is configurable with options like box size, determining the price movement required to mark changes on the chart, and reversal, establishing the opposite movement needed for a trend switch. Excellent functionality includes the capability of handling all display elements and supporting various alert types based on new events.

Available alert modalities like pop-up notifications, email, and push alerts, ensure timely updates on price moveme...
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Easy Trend Visualizer is an indicator compatible with MetaTrader 4 and 5, leveraging the standard ADX (Average Direction Movement Index) methodology. It efficiently identifies trend initiation, termination, and trendless zones, presenting these visually within the main chart window. Features include varied alert types such as horizontal line appearance, crossing events, and directional arrows.

The indicator's parameters are customizable, with ADX periods set by default at 10, 14, and 20. Alerts can be configured for specific events like line crossings, both current and previous, with user-defined settings impacting alert generation. Visual cues for previous and current line crossings appear as color-coded arrows.

Alerts extend across native pop-ups, email, and mobile notifications, conditional on proper MetaTrader configuration. Tailoring these settin...
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The Price Alert MetaTrader indicator is designed to issue alerts when specific price levels are reached. Traders can set three types of price levels: above a certain level (green line), below a certain level (red line), and exactly at a certain level (yellow line). The alert types available include native popup, email, and push-notification. Email and push notifications require proper setup in the MetaTrader platform options.

This indicator is compatible with MT4 and MT5 and features a control panel for quick adjustments. Key input parameters include settings for price triggers, alert types, and line specifications. Customizable options allow you to define alert price types, panel position, and line aesthetics. This flexibility ensures users can tailor the tool to their trading strategy preferences, enhancing alert effectiveness while maintaining cl...
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The Flexible Momentum indicator for MetaTrader 5 offers detailed insights into currency rate changes over customizable periods. Operating solely on MT5 due to its reliance on tick history, it calculates price movements in points and percentages, displaying these figures in the main chart window. Users can set thresholds for maximum momentum alerts, tailored in points and percentage terms.

Key input parameters include selecting the duration in seconds for price change calculations and setting thresholds for alert triggers. It provides multiple alert behaviors, such as single or continuous alerts when conditions are met. Alerts can be further customized with email, push notifications, or native popups.

Customization extends to visual display options, allowing users to set font size, text color for price changes, and screen position. The indicator aids...
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The Quantitative Qualitative Estimation (QQE) MetaTrader Indicator offers a sophisticated tool for traders utilizing smoothed RSI metrics. The indicator provides a fast line and a slow line within its own window, coupled with a critical signal level set at 50. This level is integral for triggering alerts. Users can configure alerts for crossovers and level crossings via text, sound, and email. This QQE version accommodates multi-timeframe analysis with upper timeframe visualization and supports usage on both MT4 and MT5 platforms.

The indicator is freely available as open-source, thus can be effortlessly installed. Key parameters include a smoothing factor, default crossover alerts, and customizable arrow displays for buy and sell signals. Utilizing the indicator for divergence analysis, traders can interpret signals based on line crossovers and le...
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