Re: Various Indicators - (MT5)

292
dmnik wrote: Thu Apr 22, 2021 1:40 am Vulture_Dot_MT5_Signal_System:
Suitable For Trading Boom Crash Market Index & Range_Break_Index_Markets:
In_Built alert Signal With a Trend Filter Indicator:
100% Non Repainted/ No recalculation Signal
Strategy May Need Extra Technical Analysis:
Works on Deriv MT5 Platform:
:Shocked:
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Pre-installed malware on devices, windows 11 (npu) ai surveillance, bank and exchange collapses, hidden locks upon locks upon alarms, strict settings all the way around, backups & encryptions & purge & recovery, don’t touch the link and don't give the info.

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Re: Various Indicators - (MT5)

294
UB2022 wrote: Sat Nov 30, 2024 9:59 pm Hello Mr. Tools,

Thank you for the great work that you guys do for the community. Would you or another coder be so kind to add arrows and alerts to this indicator every time it changes direction above or below the 0 line. Thank you so much and God bless.
Hello, that is the repainting solar wind indicator alerts and arrows would not be accurate with that indicator.


Re: Various Indicators - (MT5)

296
Hello mrtools,

I would kindly ask for your help with an ADR indicator I have made myself in MQL5. It should plot an upper adr line measured from the low of the day and a lower adr line from the high of the day. basically a dynamic range, which changes colors and locks when one adr line is reahced by price.
Everything works fine, except the locking mechanism. I can't wrap my mind how to carry out such a method where both adr lines are locked when price breached one of the adr levels.

Briefly if price reaches the upper adr line that is measured from the daily low, the lower adr line must be locked and because it is measured from the high of the day and the lock should happen at the point of breach, the lower adr line should be excatly at the low of the day, hence making the distance between the two line excatly 1 adr. Vice versa the same thing.

There is also an ADR panel that displays the current adr value which is very helpful.

Sadly I could not carry out the locking logic and something always went wrong.

Thanks for your time!

Re: Various Indicators - (MT5)

297
GraniteChief wrote: Thu Jan 09, 2025 6:25 pm Hi, please can someone convert this indicator to MT5? It is very useful as a confirmation when identifying reversals.
It is very much appreciated.
GC
Divergent Bar indicator for MT4 and MT5

Hello, converted it and updated the mt4 version.

What is the Divergent Bar indicator?

The Divergent Bar indicator is designed for scalping and counter-trend trading. It's form of calculation is based off every tick and determines a reversal by comparing the current bar's price action (High, Low, Open and Close) with the previous bar:
  • If the current Low is lower than the "previous low" and the Close is higher than the Open it'll display an up arrow
  • If the current High is higher than the "previous high" and the Close is lower than the Open, it'll display a down arrow
You can adjust the Offset (Height) for the Arrows based on your preference but there's no other adjustable options in terms of the way the indicator calculates.

Basically it uses price action and a comparison between bars to determine trend direction changes and can be used as a scalping indicator without too much delay or add it to a system for extra confirmation.

These users thanked the author mrtools for the post (total 4):
GraniteChief, boytoy, talaate, Vosya