Most read articles this month
ZigZag is one of the most popular indicators among the MetaTrader 5 users. The article analyzes the possibilities for creating various versions of the ZigZag. The result is a universal indicator with ample opportunities to extend its functionality, which is useful in the development of trading experts and other indicators.
The article describes the development of tools (indicator and Expert Advisor) for analyzing the '80-20' trading strategy. The trading strategy rules are taken from the work "Street Smarts. High Probability Short-Term Trading Strategies" by Linda Raschke and Laurence Connors. We are going to formalize the strategy rules using the MQL5 language and test the strategy-based indicator and EA on the recent market history.
Statistical distributions in the form of histograms without indicator buffers and arrays
The article discusses the possibility of plotting statistical distribution histograms of market conditions with the help of the graphical memory meaning no indicator buffers and arrays are applied. Sample histograms are described in details and the "hidden" functionality of MQL5 graphical objects is shown.