Archive for the “New methods indicators” Category

Nowadays, the most popular representatives of the fractal time functions are the financial time series. The fractal structure of these series is well-known and aсcording to Mandelbrot there is a “rewording of the famous market saying that the movement of stocks and currencies is independent of the time scale and the price.

An observer can’t tell if the information refers to the weekly, daily or hourly changes just by looking at the appearance of the chart».

Usually, to determine the fractal dimension the Hurst’s exponent is calculated [2]. However, for the reliable calculation of this exponent a huge amount of data is necesary (~ 10^3) and that is too much comparing to the duration of the trends of trading.

The authors [1] interpose the fractal characteristics – the variation index (m) that is closely related to the common fractal dimension. In distinct from the

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Useful indicator that calculate how much money you will got on reaching some levels, profit or stop loss. The open price, profit price and stop price are simply changed in easy way by moving appropriate lines on the chart.

All information is shown in top left corner.

Input parameters:
calc_lots – number of lots that you will trade
commission – if you are trading futures the commission will be taken
stock_in_lot – number of stocks in one lot, if you are trading stocks
OpenLineColor – the color of open line (default – green)
ProfitLineColor – the color of profit line (default – gold)
StopLineColor – the color of stop line (default – red)

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Indicator combine several intraday charts to one window.

The system is used to trade using volume levels. Originally it was introduced to volFix but this indicator is doing the same in Meta Trader.

Input parameters:
CombAmount – number of combos to show in one chart
CombPeriod – number of bars to use (60 for hourly combo charts, 120 for 2 hours combos, 240 for 4 hours)
ShowOnlyShadows (true/false) – how to draw bars, only shadows (single horizontal line), or full candle
ShadowWidth – width of shadow price bar
FontAngle – font angle that is used to show date
FontSize – font size
Combo charts colors

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Indicator combine several weekly charts to one window. It may also draw daily period separators for them.

The system is used to trade using volume levels. Originally it was introduced to volFix but this indicator is doing the same in Meta Trader.

Input parameters:
CombAmount – number of weeks to show in one chart
MT4TimeZone – terminal time zone, to show correct period separators
ShowPeriodSeparator (true/false) – draw period separators (daily)
PeriodSeparatorColor
ShowOnlyShadows (true/false) – how to draw bars, only shadows (single horizontal line), or full candle
ShadowWidth – width of shadow price bar
FontAngle – font angle that is used to show date
FontSize – font size
Combo charts colors

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Indicator combine several daily charts to one window.

The system is used to trade using volume levels. Originally it was introduced to volFix but this indicator is doing the same in Meta Trader.

Input parameters:
CombAmount – number of days to show in one chart
MT5TimeZone – terminal time zone, to show day start-end time
ShowPeriodSeparator (true/false) – draw period separators every 1 hour
PeriodSeparatorColor
ShowOnlyShadows – how to drav bars, only shadows (single horizontal line), or full candle
ShadowWidth – width of shadow price bar
FontAngle – font angle that is used to show date
FontSize – font size
All colors

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Indicator draw a graph that is the average of several currencies that you can enter as input parameters.

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Using this indicator you will be able to place alert on any level in easiest way in the world – just moving the horizontal line.

Input parameters for indicator:
SoundFileName – any sound file name from MetaTrader/sound/ folder
ActiveSignal (true/false) – activate sound signal
ActiveAlert (true/false) – activate message alert
LineColor

 

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