Re: Trend Indicators for MT5

73
Hi Mrtools,

it took me a little more time to thoroughly test this conversion to mt5.

I attach an image where you can see the differences from the MT4 version that I use.

If you could add the arrow types as I highlighted MT4 side in MT5 that would be great.

Thank you for your patience.
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mrtools
Yesterday is history, tomorrow is a mystery, but today is a gift, that’s why it’s called a Present! - Master Oogway

Re: Trend Indicators for MT5

74
lukgoku wrote: Tue Apr 08, 2025 9:05 pm Hi Mrtools,

it took me a little more time to thoroughly test this conversion to mt5.

I attach an image where you can see the differences from the MT4 version that I use.

If you could add the arrow types as I highlighted MT4 side in MT5 that would be great.

Thank you for your patience.
Hello, this version seems pretty close to the mt4 version and added all the arrows.
These users thanked the author mrtools for the post (total 5):
lukgoku, Krunal Gajjar, Ricstar_8, alexm, RodrigoRT7


Re: Trend Indicators for MT5

77
AlgoAlex811 wrote: Sat Feb 01, 2025 10:08 pm Optimized Trend Tracker

I found this code on TradingView and converted it to MT5.
Only basic MAs, no arrows for signals but buffer for direction.

"Optimized Trend Tracker OTT is an indicator that provides traders to find an existing trend or in another words to ser which side of the current trend we are on.

We are under the effect of the uptrend in cases where the prices are above OTT ,
under the influence of a downward trend, when prices are below OTT
it is possible to say that we are.

The first parameter in the OTT indicator set by the two parameters is the period/length.

OTT will be much sensitive to trend movements if it is smaller. And vice versa, will be less sensitive when it is longer.

As the period increases it will become less sensitive to little trends and price actions.

In this way, your choice of period, will be closely related to which of the sort of trends you are interested in.

The OTT percent parameter in OTT is an optimization coefficient. Just like in the period
small values ​​are better at capturing short term fluctuations, while large values
will be more suitable for long-term trends."
Please change the line color buffers so that they are readable by EA, or publish open source mq5 code.