Technical Indicators for MetaTrader 5

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Information

Indicators
MetaTrader 5
5
Douglas Eiras
11 June 2019
1.5

Overview

This product is a set of tools that help the trader to make decisions, bringing information from different categories that complement each other: trend, support / resistance and candle patterns.
It also has a panel with information about the balance.
The trend has two different calculations and is shown as colored candles. Strategy 1 is longer, having 3 different states: up, down and neutral trend. Strategy 2 has a faster response and has only 2 states: up and down trend.
Support and resistance also has 2 calculation modes (strategy 1 and 2).
Available candle patterns are hammer / shooting star / hanged, engulf and harami.

Parameters:

  • Allow trend signal (true/false)
  • Use strategy: strategy used to calculate trend (1 or 2)
  • Allow Support and Resistance (true/false)
  • Use strategy: strategy used to calculate Sup and Res (1 ou 2)
  • Period (strategy 1 and 2): period to calculate Sup and Res. Used for strategies 1 and 2
  • Delay to refresh (candles,strategy 2 only): time (in candles) to refresh Sup and Res calculations (only for strategy 2)
  • Timeframe (strategy 2 only): timeframe used to calculate Sup and Res (only for strategy 2)
  • Support line color
  • Resistance line color
  • Lines style: solid, dashdot, etc
  • Lines width
  • Allow Candle patterns (true/false)
  • Write patterns name on chart (true/false): write patterns name above candles
  • Arrow codes: is the code that defines the design of the arrows. The designs available are at: https://www.mql5.com/pt/docs/constants/objectconstants/wingdings
  • Allow Hammer/Shooting star (true/false)
  • Minimum body size (points): minimum size of candle body in pattern Hammer/Shooting star
  • Greater shadow (x body size, at least): how much (multiplier) the largest shadow of the candle needs to be larger than the body at minimum
  • Smaller shadow (% max of body size): maximum percent of body size the smaller shadow can be (100% means that the smaller shadow can be up to the same body size)
  • Arrow/text color: arrow and text color to the Hammer/Shooting star pattern
  • Arrow size: Arrow size to the Hammer/Shootingstar star pattern
  • Buy arrow code: code (see the link above) that will set the drawing of the buy arrow to the Hammer/Shooting star pattern
  • Sell arrow code: code (see the link above) that will set the drawing of sell arrow to the Hammer/Shooting star pattern
  • Allow Engulf (true/false)
  • Arrow/text color: arrow and text color to the Engulf pattern
  • Arrow size: Arrow size to the Engulf pattern
  • Buy arrow code: code (see the link above) that will set the drawing of the buy arrow to the Engulf pattern
  • Sell arrow code: code (see the link above) that will set the drawing of sell arrow to the Engulf pattern
  • Allow Harami (true/false)
  • Arrow/text color: arrow and text color to the Harami pattern
  • Arrow size: Arrow size to the Harami pattern
  • Buy arrow code: code (see the link above) that will set the drawing of the buy arrow to the Harami pattern
  • Sell arrow code: code (see the link above) that will set the drawing of sell arrow to the Harami pattern
  • Allow panel (true/false): panel with balance informations
  • Text color 1: panel text color
  • Text color 2: panel text color
  • Text size: panel letter size

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If for any reason you do not like the purchased program, you can request a refund within 7 days from the date of purchase. You can also make an exchange for any other product at an equal cost or by paying the difference.

Simply send a request for refund or exchange with your order number by email: [email protected].

Refund requests received more than 7 days after purchase will be rejected.

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