Technical Indicators for MetaTrader 5

IQ WD Gann Pivot Point MT5

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Information

Indicators
MetaTrader 5
5
Somsri Sarkar
31 July 2020
1.0

Overview

VIEW INDICATOR MANUAL

Note! "Arial Bold" font should be installed in your operating system, specially on windows 10 server.

Indicator can be applied with all types of instruments including Forex, Stocks, Commodities, Indices, etc. Just adjust the indicator scale accordingly.

Metatrader 4 version available


Indicator Benefit

  • The indicator is inspired by WD Gann trading style & customized for the modern market with a simplistic approach.
  • It is designed for scalping to day trading. A complete tool with custom price & time Support & Resistance level.
  • Indicator plots daily, 4 hourly & hourly pivot points. 
  • Text dashboard with pivot trend detection.
  • Terminal alert, email & push messages alert upon price touching any price time conjunction grid point or daily support resistance level.
  • Indicator plots WD Gann master grid chart layout for advanced analysis with both price & time levels.

Best Usage: 1 minute to 5 minutes charts.


Indicator Input Parameters

Select Scale

  • 0.01 cent or 1 pip
  • 0.10 cent or 10 pips
  • $1 or more (Non-FX Instruments, Indices, Commodities)

Custom Timing Settings

  • Timing for Non-Fx Instruments = True/False
  • Select Instrument Opening Hour (0 to 20)
  • Select Instrument Opening Minute (0-59)
  • Select Instrument Ending Hour (0 to 24)
  • Select Instrument Ending Minute (0-59)

Trend Alert Settings

  • Show Alert = True/False;
  • Send Email = True/False;
  • Send Push Messages = True/False;
  • Select type of trend = Price at pivot resistance/support / Price time at conjunction point
  • Time Gap Between Signals = 1 Hour (Default)

Pivot Settings:

Open price color

Daily 

  • History Bar (0 for current bar)
  • Show Daily Pivot = True / False
  • Show Minor Pivot Lines = True / False
  • Daily Pivot Major Color
  • Daily Pivot Minor Color
  • Daily Line Style ( Solid / Dash / Dot / Dashdot / Dashdotdot )
  • Daily Line Width 1-5

4 Hourly 

  • Show  4 Hourly Pivots = True/False
  • Hourly Pivot Color
  • Hourly Line Style ( Solid/ Dash / Dot / Dashdot / Dashdotdot )
  • Hourly line Width 1-5
  • History Bar for Hourly = 0 ( Default 0 for current hour)

Hourly

  • Show Hourly Pivots = True/False
  • Hourly Pivot Color
  • Hourly Open Color
  • Hourly Line Style ( Solid/ Dash / Dot / Dashdot / Dashdotdot )
  • Hourly line Width 1-5
  • History Bar for Hourly = 0 ( Default 0 for current hour)

Dashboard Settings

  • Show Dashboard = True/ False
  • x axis position
  • y axis position
  • Dashboard Background Color
  • Dashboard Header Color
  • Text Color

    Grid Settings:

    • Show Gann Master Grid Layout = True/False
    • Grid Color, Line Style, Width
    • Minor Grid Color, Line Style, Grid Width

    Backtesting Efficiency: User can test this indicator for past days in the live chart to check indicator accuracy. In the case of History Bar settings, change it other than 0 to check past day market action with the indicator (1,2,3.. etc.).

    7 DAY MONEY BACK GUARANTEE

    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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