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Wall of worry MT5

30 USD

Demo downloaded: 3

Published: 15 September 2021

Current version: 1.0

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Wall of worry MT5

Indicators
Illia Zhavarankau
Illia Zhavarankau
Belarus

1464
1 (2)
- https://botrader.org
I program in MQL4 trading robots. I am looking for interesting people who are interested in this direction.
I run my blog https://botrader.org.

12 products 6 topics 14 comments
Version: 1.0
Activations: 5

Description:

The Wall of Worry indicator allows you to assess market sentiment and possible reversals. The indicator represents three lines that are displayed in a separate window.

Black line (trend) - the amount of volumes in the candle body.

Red line (bears) - the amount of volumes in the upper shadow of the candlestick.

Blue line (bulls) - the amount of volumes in the lower shadow of the candle.

The idea is based on "Wall of Worry" - this is the periodic tendency of financial markets to overcome many negative factors and continue to grow.

The indicator is calculated based on tick volumes in the terminal. Then they are converted into horizontal volumes, then the lines themselves are calculated.

Input parameters:

Display_Bars = 500 - the number of displayed bars (at 0, all are displayed, but not always because it depends on the depth of history).

MAPeriod = 10 - period for calculating the moving average

Accuracy = 20 - calculation accuracy. The higher, the more accurate, but at the same time the load on the processor increases.

It can be used to determine:

- trend direction;

- identification of potential reversal points;

- the prevalence of market sentiment.

more...

Screenshot #1 Wall of worry MT5

Screenshot #2 Wall of worry MT5

Screenshot #3 Wall of worry MT5

Screenshot #4 Wall of worry MT5

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Description: The indicator of tick volumes Better Volume MT5 allows you to assess the general mood of the market and quite accurately catch the moments of the formation of large movements. The indicator is a color histogram in an additional window. In the calculation of Better Volume MT5 the Price Action combinations are taken into account, the values of the volumes with the height of columns and color marking are displayed. Input parameters: MAPeriod - period for calculating the moving average

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Least Square MA Description: The Least Square Moving Average indicator allows you to assess the direction of the market movement and its possible reversals. The indicator is a line that is displayed in the price window. Input parameters: LSMA_Period - the period for calculating the moving average using the least squares method; Prediction - the number of candles used to construct the predicted moving average using the least squares method, provided that its rate (falling or growing remains); Dis

This indicator combines two tools: MACD and OsMA . MACD is displayed as two lines: The black line represents the main MACD line. The orange line represents the MACD signal line. OsMA Histogram is shown in two colors: Green bars indicate growth. Red bars indicate decline. You can customize the line colors and thickness in the settings. This indicator serves as an addition to the Combo View Impulse System indicator but can also be used independently. Parameters: Fast EMA

This indicator combines several functionalities: Value Zone Displays two exponential moving averages (EMAs): 13-period EMA in red. 22-period EMA in blue. Impulse System (based on Dr. Alexander Elder's methodology) Candles are color-coded to indicate trade restrictions: Red candles prohibit buying. Green candles prohibit selling. Blue candles allow both buying and selling. Recommended for use on two timeframes for enhanced analysis. 3x ATR Channel A channel based on 3 times the AT

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