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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The Fisher MetaTrader indicator presents a straightforward method for identifying trend directions and strengths through a histogram format. It stands out by not relying on standard MT4/MT5 indicators and instead uses maximum and minimum price levels from past periods to calculate these trends. This technical tool operates on both MT4 and MT5 platforms and is known as a "repainting" indicator, meaning it recalculates previous bars when new data arrives.

For optimal functionality, the indicator uses the 'Period' parameter, with a default of 10 bars, to set the calculation range for the max/min prices. A higher period value provides fewer false signals but introduces more lag. On charts, upward trends are displayed with green histogram lines and downward trends with red. Traders can manage positions by observing color changes: transitioning from red ...
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Mathematical formulas are integral to price action analysis, especially in forex trading. In the South African market, traders often use a 50-day Simple Moving Average for trend detection and standard deviation for assessing volatility in the ZAR/USD pair. Position sizing and risk management calculations, incorporating set risk percentages and stop-loss distances, optimize risk management. This enhances profit targets through tools like Fibonacci retracements. The Heikin Ashi technique offers a novel approach for detecting trend reversals by filtering market noise for clearer trend insights. Developed by Munehisa Homma, it averages price data to present a smooth view of market dynamics, aiding traders globally in making informed decisions.
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The Gain/Loss Info indicator for MetaTrader platforms provides essential insights into price changes exceeding specified thresholds. It measures gains and losses in points and percentage, catering to two calculation modes: the difference between Close and Open, or between consecutive Closes. Customize the indicator's sensitivity with "PercentageLimit" and "PointsLimit" settings, adjusting which price changes get highlighted. Visual customization is possible; choose colors for gains and losses through "DisplayGainColor" and "DisplayLossColor". Control the scope of analysis with "MaxBars" and tailor font appearance with "FontFace" and "FontSize". The "ObjectPrefix" ensures seamless integration with other indicators. Compatible with both MT4 and MT5 platforms, enhancing your technical analysis toolkit.
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The Rainbow Multiple Moving Average (RMMA) indicator is designed for the MetaTrader platforms, compatible with both MT4 and MT5. This tool utilizes a standard moving average, displaying an array of 66 lines, each distinctly colored for visual clarity. Primarily, it offers enhanced analytical perspective by using multiple moving averages on a single chart. Users can configure the type of moving average through the MA_Type parameter, defaulting to Exponential Moving Average (EMA). Additionally, the MA_Price parameter lets users select which price (default is close price) to use for calculations. The variety in periods for these moving averages adds depth to its utility, providing diverse insights into market trends.
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The article delves into improving the replay/simulator system for MetaTrader 5 by focusing on template utilization and encapsulation. It highlights the transition from InterProcess.mqh to Defines.mqh for a cleaner header file structure, which requires code modifications to avoid compilation errors. Proper encapsulation is addressed to enhance code maintainability and security, particularly within the C_ConfigService and C_Replay classes. This involves private variable management and restructuring the C_Replay class to handle data more efficiently. The article exemplifies how controlling chart indicators and templates can streamline the process, ultimately making the trading tool more adaptable and easier to maintain.
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The Float MetaTrader indicator offers advanced analysis of currency pairs by examining historical chart data and evaluating current trends. It displays trend initiation and conclusion points in a separate chart window and integrates Fibonacci and DiNapoli levels on the main chart. Additionally, it shows the time since the last local peak and trough were detected. This tool is available for both MT4 and MT5 platforms.

Key features include its repainting ability, which reassesses peaks and troughs as market conditions change, making it unsuitable for direct trading signals but valuable for trend swing duration analysis. The input parameters are customizable, including the number of bars for analysis and visual attributes like colors and line styles for different components such as swing borders, swing lines, Fibonacci, and DiNapoli levels. Adjusting th...
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The Range Expansion Index (REI) is a relative oscillator designed by Tom DeMark, focusing on measuring the speed of price changes while identifying overbought or oversold market conditions. The indicator, with values ranging from -100 to +100, aims to minimize noise during range-bound markets and issues alerts at significant price movements. Default settings include an REI period of 8, suitable for generating accurate signals, though users can adjust for signal frequency.

To enhance usability, the REI allows configuration of MetaTrader alerts, including pop-up, email, and push notifications, when specific levels are crossed. Proper setup for email and push notifications is required via MetaTrader's settings. Users can select alerts based on either the most recently closed or the current candle. DeMark advises using the default 8-period setting. The...
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Discover a novel approach to algorithmic trading by transforming price changes into angles using polar coordinates in MetaTrader 5. This method simplifies handling oscillating market data and avoids the pitfalls of infinite values. By leveraging polar coordinates, the system naturally interprets trading signals with real-world significance. Learn to implement this sophisticated technique using MQL5's Matrix and Vector API, and integrate ONNX models for predictive analytics. Experience enhanced forecasting accuracy with gradient-boosted tree models, and witness a substantial 88% accuracy rate in trading backtests. This innovative framework provides MetaTrader 5 developers new avenues for refining trading strategies effectively.
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The Keltner Channel, introduced in 1960 by Chester W. Keltner, is a staple in technical analysis. Functioning similarly to Bollinger Bands and Envelopes, it uses three lines. The middle line is a 10-day simple moving average applied to the typical price formula, and the upper and lower bands incorporate the moving average of the daily price range. These create a volatility-based channel. Users can configure moving average parameters and apply it on MT4 and MT5 platforms. Strategically, traders often go long when prices close above the upper band and short when below the lower. Exit strategies typically involve conservative stop-losses, distant take-profit levels, or crossing the middle line. The upper band tends to hold against breaks in uptrends, while the lower holds in downtrends. This indicator can be enhanced with additional signal confirmations.
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The Recent High/Low Alert indicator for MetaTrader platforms (MT4 and MT5) provides a visual and alert-based tool for tracking maximum and minimum price levels across a set number (N) of candles, defaulting to 20. It visually differentiates these levels with blue and yellow lines. Designed for traders seeking timely notifications, it offers three alert options: popup, email, and push notifications, all configurable within the MetaTrader platform settings.

Traders can integrate this feature to refine entry and exit strategies. By serving as a dynamic trailing stop-loss or a signal confirmation tool, it enhances trading precision. Configurable options allow for triggering alerts on either the most recently closed or current candle. Effective alert configuration is critical for ensuring responsiveness to market changes. Adjust parameters according to speci...
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The article focuses on continuing the implementation of the Artificial Bee Hive Algorithm (ABHA) by elaborating on its supporting methods. The ABHA is modeled on bee behavior, using states like novice, experienced, search, and food source to dictate actions based on environmental information and motivational states.

The StageActivityNovice method defines novice agent actions based on a probabilistic model, deciding between random searches or emulating other agents. The StageActivityExperienced method outlines how experienced agents choose actions according to multiple probabilities. The StageActivitySearch and StageActivitySource methods define movement and position updates based on search directions or food proximity.

Other methods such as ActionRandomSearch, ActionFollowingDance, and ActionMovingDirection detail specifics on movement and direction change...
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