Pivot Point with adjustable closing time – indicator MetaTrader 4

PP indicator in EURUSD h1, you can see that actual weekly PP are wrong.
PP indicator on daily (weekly, monthly) level, for use in timeframes smaller than daily. I’ll skip the part discussing its basic use in trading, you can find that information here: Custom deviations from ordinary PP indicators: Sunday bars for those data feeds starting on sundays at 22:00 UTC eliminated. Close time used for calculation is … Read more

Schaff trend cycle – adjustable smoothing – indicator MetaTrader 5

Schaff trend cycle - adjustable smoothing - indicator for MetaTrader 5
Well known Schaff trend cycle is, no doubt, useful indicator.But it has some things that can be changed. One is that it has a fixed smoothing factor hard-coded in the formula itself. This version changes that and allows you to use variable smoothing for the cycle smoothing. In some cases that can help avoiding some … Read more

Schaff trend cycle – adjustable smoothing – indicator MetaTrader 4

Schaff trend cycle - adjustable smoothing - indicator for MetaTrader 4
Well known Schaff trend cycle is, no doubt, useful indicator.But it has some things that can be changed. One is that it has a fixed smoothing factor hard-coded in the formula itself. This version changes that and allows you to use variable smoothing for the cycle smoothing. In some cases that can help avoiding some … Read more

Fractals – adjustable period and prices – indicator MetaTrader 4

Fractals - adjustable period and prices - indicator for MetaTrader 4
One of the “classics” but with a twist – unlike the built in fractals indicator, this one allows you to : adjust the fractals period (the built in fractal indicator is using period 5) chose prices for high and low (might be useful in some cases – in extreme whipsaw market conditions, for example) PS: … Read more

Fractals – adjustable period and prices – indicator MetaTrader 5

Fractals - adjustable period and prices - indicator for MetaTrader 5
MQL5 version of MQL4 indicator : https://www.mql5.com/en/code/25473 One of the “classics” but with a twist – unlike the built in fractals indicator, this one allows you to : adjust the fractals period (the built in fractal indicator is using period 5) chose prices for high and low (might be useful in some cases – in … Read more