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This article is based on a new series of studies that showcase a few trading techniques based on the RSI. A trading technique is a way to use an indicator. The study is based on mql5 coding language. more...
RSI inside the zone Alert - indicator for MetaTrader 5 Counting the number of bars during which the iRSI (Relative Strength Index, RSI) indicator is inside the oversold or overbought zone. The levels are set in ' RSI: Value Level Down (35.0) ' and ' RSI: Value Level Up (65.0) ', and the minimum number of bars for an alert to trigger is in ' RSI N Bars inside the zone '.
MyRsi - indicator for MetaTrader 5 John Ehlers introduced a variation of rsi calculation (as a part of another indicator) that he decided to call MyRSi. Since it produces results different then the built in rsi, it seemed as logical step that we should have that indicator too. Kept the name, but again : that name is used by John Ehlers (not me) ---------------- MyRsi with NET - indicator for MetaTrader 5 In December 2020 issue of TASC, ...
The article "Improved candlestick pattern recognition illustrated by the example of Doji" dealt with the concept of metabars. In short, a metabar is a conditional combination of several consecutive bars into a large one. This is similar to a bar of a higher timeframe, but not exactly, since the size of the metabar is not fixed (it "floats" in a given range) and there is no binding to a specific start and end time of the bar. Therefore, the use of metabars allows traders to detect various patterns ...
Every software in any programming language has a structure, after understanding this structure we can create or develop our software smoothly. MQL5 language's programs are the same as any other programming language has their structure and it is supposed to be understood by the developer to achieve the objectives of his project smoothly and effectively. In this article, we will provide information in this context to try to deliver its content easily as possible. more...
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