MT5 Indicators ‣ Page 528

Strategy Checklist – indicator MetaTrader 5

This is the MT5 port of an indicator that I implemented for my personal use. It allows you to define a checklist that helps you check your rules before opening a trade. Keep in mind that this is not automatic. You must manually define the checks and mark them as according to your strategy. Settings

Heikin Ashi Lines – indicator MetaTrader 5

Heikin Ashi Lines - indicator for MetaTrader 5

Probably everyone has put up a Heikin Ashi chart one time or another. It makes it look so much cleaner with less noise and clearer trends. But there is one major flaw — it hides the true bar/candle values, especially the true closing prices. The Heikin Ashi close price is simply an applied price called

Candle Grids – indicator MetaTrader 5

Candle Grids - indicator for MetaTrader 5

Draw a Rectangle on chart to plot custom grids based on points value on input Added option to use rectangle range to draw Grid if user wish to use it. Set mode to true or false, true = use rectangle range, false = use custom points Candle Grids – indicator MetaTrader 5

Price Density – Market Noise Index – indicator MetaTrader 5

Price Density - Market Noise Index - indicator for MetaTrader 5

The indicator precisely quantifies market noise, helping traders distinguish between periods of high and low volatility graphically represented on the chart, allowing for easy interpretation and quick decision-making. Price Density – Market Noise Index – indicator MetaTrader 5

Candle ZigZag – indicator MetaTrader 5

Candle ZigZag - indicator for MetaTrader 5

Candle ZigZag is an indicator which changes its leg if a candlestick color changes It supports Period of 1 while default ZigZag in Example folder does not work for period 1. it helps trader to analyze chart in flat mode unlike line chart which has curve in price movement. Close mode can be enabled disabled.

Linear Regression calculation based on pine script v4 – indicator MetaTrader 5

Linear regression curve A line that best fits the prices specified over a user-defined time period. It is calculated using the least squares method. The result of this function is calculated using the formula: linreg = intercept + slope * (length – 1 – offset), where length is the y argument, offset is the z

Volume Profile – indicator MetaTrader 5

What is Volume Profile? The volume profile tool, also known as horizontal volume, illustrates transaction volume at each price within a specific time range using a horizontal histogram chart. Longer bars indicate higher transaction volume at that price, while shorter bars represent lower transaction activity. The calculations in this indicator are executed in a simple

pivots calculation based on pine script v4 – indicator MetaTrader 5

For MQL4 version please click here. pine script v4 function I/O : pivothigh(source, leftbars, rightbars) → series[float] pivotlow(source, leftbars, rightbars) → series[float] This indicator includes two simple functions to calculate the pivotshigh and pivotslow functions based on pine script. The functions can be used as copy and paste snippet in conversion projects from tradingview platform. Note: The

wd.Multi_ClockPrice lite! – indicator MetaTrader 5

wd.Multi_ClockPrice lite! - indicator for MetaTrader 5

The MT5 custom indicator, named “wd.Multi_ClockPrice lite!”, is the lite version of “wd.Multi_ClockPrice”. “wd.Multi_ClockPrice lite!” is designed to provide a visual representation of the MT5 terminal server time and bid price on the chart. It contains basic features for displaying clock and price information. The clock display using OnTimer() event function, updates the server

wd.Range_BB – indicator MetaTrader 5

wd.Range_BB - indicator for MetaTrader 5

The MT5 custom indicator, named ‘wd.Range_BB,’ is designed to display Bollinger Bands with customized colors and line styles on the chart and calculate the range bandwidth. The range bandwidth is the difference in pips between the upper and lower Bollinger Bands. Here’s how the indicator works: Bollinger Bands Settings: These parameters allow users to