ZigZag step market - expert for MetaTrader 5 The Expert Advisor works on a custom ZigZag Color indicator (this indicator is supplied with the terminal, the path to it is: MQL5 \ Indicators \ Examples \ ZigzagColor.mq5). Working on the current leg of indicator: if the knee directed downward - means every Step (or nearly every Step) SELL open position when the knee is directed upwards - is trying to open BUY position approximately ...
SAR and Pending order - expert for MetaTrader 5 The Expert Advisor trades on the iSAR indicator (Parabolic SAR, SAR) - if there is a signal, it immediately opens a position and additionally places a pending Limit order at an Indent distance from the current price. In this case, a pending order will not be placed until the current spread is MORE than the specified Allowable spread .
Existing candlestick analysis methods were analyzed in the previous article. We found out that they are not universal and are not suitable for all conditions. On the contrary, before using them, you should perform additional verification for the specific financial instrument, timeframe etc. I.e. for the conditions in which the patterns will be used. The specifically designed approach also enables the individual analysis of each pattern for a selected financial instrument or a set ...
The power of ZigZag (part II). Examples of receiving, processing and displaying data Contents IntroductionIndicators defining the price behavior FrequencyChangeZZ indicatorSumSegmentsZZ indicatorPercentageSegmentsZZ indicatorMultiPercentageSegmentsZZ indicatorEA for collecting and displaying statisticsCounting the number of segments by sizeCounting the number of segments by durationSome details of working with the graphical interface ...
Candlestick analysis appeared more than 20 years ago and has since become quite popular. Many traders consider Japanese candlesticks the most convenient and easily understandable asset price visualization form. The similar bar format does not provide enough visual data. Japanese candlesticks are more convenient in terms of setup and display of candlestick body colors and thus provide a better visualization of market developments. Table ...
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