Introduction

Traders try to find regularities in the price behavior, strive to form rules using which they will have a good chance to determine a favorable moment for buying or selling. To create a fully automatic system, you need to learn how to inform about the forthcoming of such moments – trade signals.

Signals inform traders about the potential points of entering a position, however not all of them are obligatory to execute. Additional criteria can filter out even most of the signals, but it’s not significant for us. The subject of the article is how to program the most popular trade signals in MQL5.

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Trade Signals

• Intersection of Moving Averages
• Intersection of the Main and Signal Line of MACD
• Breakthrough of the Price Channel Range
• Breakthrough of the Range of the ADX Adaptive Channel
• Exit from the Overbuying/Overselling Zones of Stochastic
• Exit from the Overbuying/Overselling Zones of RSI
• Exit from the Overbuying/Overselling Zones of CCI
• Exit from the Overbuying/Overselling Zones of Williams %
• Bounce from the Borders of the Bollinger Channel
• Bounce from the Borders of the Standard Deviation Channel
• Bounce from the Borders of the Price Channel
• Bounce from the Borders of the Envelopes Channel
• Breakthrough of the Donchian Channel
• Breakthrough of the Silver-Channel
• Breakthrough of the Gallagher Channel
• Change of Trend by NRTR
• Change of Trend by Alligator
• Change of Trend by AMA
• Change of Color of the Awesome Oscillator
• Change of Trend by Ichimoku

However such an estimation is not always objective because of the large number of parameters (symbol, chard period, volatility, etc.) and therefore the large amount of the analyzed information. More reliable conclusions about certain indicators and oscillators can be made after conducting their comparative analysis.

The program analyzes the following indicators and oscillators:

1. Acceleration/Deceleration — ??
2. Accumulation/Distribution – A/D
3. Alligator & Fractals
4. Gator Oscillator
5. Average Directional Movement Index – ADX
6. Average True Range – ATR
7. Awesome Oscillator
8. Bears Power
9. Bollinger Bands
10. Bulls Power
11. Commodity Channel Index
12. DeMarker
13. Envelopes
14. Force Index
15. Ichimoku Kinko Hyo (1)
16. Ichimoku Kinko Hyo (2)
17. Ichimoku Kinko Hyo (3)
18. Money Flow Index – MFI
19. Moving Average
20. MACD (1)
21. MACD (2)
22. Moving Average of Oscillator (??????????? MACD) (1)
23. Moving Average of Oscillator (??????????? MACD) (2)
24. Parabolic SAR
25. RSI
26. RVI
27. Standard Deviation
28. Stochastic Oscillator (1)
29. Stochastic Oscillator (2)
30. Williams Percent Range

To read the full article, please visit: http://articles.mql4.com/628

Related posts:

1. 20 Trade Signals in MQL5
2. Transferring Indicators from MQL4 to MQL5
3. MetaTrader 5 – Testing Performance of Moving Averages Calculation in MQL5
4. Analytics in MetaTrader 5
5. Decorating Indicators – MetaTrader 4

Charts

Charts constitute a work field for technical analysis. This is where dynamics of security quotes are featured, technical indicators and graphical objects are applied. The number of charts that can be used in a terminal is unlimited, and they can be positioned in any way. This enables traders to adjust their workplaces to their own needs.

Every chart can be individually set up. Traders can use the detailed setup of color schemes, displaying of additional data objects and scaling, which allows the configuration of every chart according to the needs of a certain analytical tool. For example, you can setup the displaying of separators for larger periods, the OHLS line, and the chart scaling for the adequate featuring of Gann tools.

To view the full article, please visit: http://www.metatraderglobal.com/377/analytics-in-metatrader-5/

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