CodeBaseSections
Watch how to download trading robots for free
Find us on Facebook!
Join our fan page
Interesting script?
So post a link to it -
let others appraise it
You liked the script? Try it in the MetaTrader 5 terminal
to pocket
Indicators

Drive - indicator for MetaTrader 4

Systrad5 | English 中文
Views:
43472
Rating:
(10)
Published:
2006.09.08 12:46
Updated:
2014.04.21 14:54
_Drive.mq4 (2.22 KB) view
Download as ZIP, How to download code from MetaEditor
MQL5 Freelance Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

Green above Red -> Up.

Red above Green -> Down.

Periods that seem useful are 4, 16, 128.

Value is calculated as follows:

Up (Green) = ((High - Open) + (Close - Low))/2, averaged for the selected period;

Down (Red) = ((Open - Low) + (High - Close))/2, averaged for the selected period.



This may have another name or be similar to an existing indicator. I've made up the name drive. Please drop me an email if you've run into a similar indicator before - systrad5@yahoo.com

Zerolagstochs Zerolagstochs

Zerolagstochs Indicator.

Support and Resistance Support and Resistance

Support and Resistance Indicator.

Trix Trix

Trix Indicator - oscillator based on a triple smoothed EMA.

Dodgy Backtest Example Dodgy Backtest Example

Expert shows how Backtest results are unreliable when you open and close an order on the same bar.