Market / MetaTrader 5 / Indicators /

Best Wave

FREE

Published: 27 September 2013

Current version: 1.20

Best Wave

3.5

Indicators
Vladimir Gotsulenko
Version: 1.20
Updated: 18 November 2021

The indicator of trend (flat) with a price channel.

Trading

Buy - the price have crossed the central line upwards (the candlestick has closed above the line) and the channel is oriented horizontally (yellow line) or directed upwards(green line). Move to breakeven when reaching the opposite border of the channel. Close positions when conditions for selling are formed.
Sell - the price have crossed the central line downwards (the candlestick has closed below the line) and the channel is oriented horizontally (yellow line) or directed downwards (red line). Move to breakeven when reaching the opposite border of the channel. Close positions when conditions for buying are formed.

Input Parameters

Period - period of calculation, 24 on default;
Display channel - display channel, true on default.

To get full information about the market state, use the indicators: Trend check and Angle Regression Line with Divergence

more...

jailsonteles 2021.03.13 03:17 #

ÒTIMO INDICADOR, USAR NA CONTRA-TENDENCIA FAZENDO SCALPER.

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The indicator displays divergence for any custom indicator. You only need to specify the indicator name; DeMarker is used by default. Additionally, you can opt for smoothing of values of the selected indicator and set levels whose crossing will trigger an alert. The custom indicator must be compiled (a file with ex5 extension) and located under MQL5/Indicators of the client terminal or in one of the subdirectories. It uses zero bar of the selected indicator with default parameters. Input param

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The indicator produces signals according to the methodology VSA (Volume Spread Analysis) - the analysis of trade volume together with the size and form of candlesticks. The signals are displayed at closing of bars on the main chart in the form of arrows. The arrows are not redrawn. Input Parameters DisplayAlert - enable alerts, true on default; Pointer - arrow type (three types), 2 on default; Factor_distance - distance rate for arrows, 0.7 on default. Recommended timeframe - М15. Currency pai

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The indicator produces signals according to the methodology VSA (Volume Spread Analysis) - the analysis of trade volume together with the size and form of candlesticks. The signals are displayed at closing of bars on the main chart in the form of arrows. The arrows are not redrawn. Input Parameters: DisplayAlert - enable alerts, true on default; Pointer - arrow type (three types), 2 on default; Factor_distance - distance rate for arrows, 0.7 on default. Recommended timeframe - М15. Currency pair

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Displays divergence for any custom indicator. You just need to specify the name of an indicator name; on default it uses CCI. In addition you can set smoothing for the selected indicator as well as levels. If one of these levels is crossed, you'll receive a notification. The custom indicator must be compiled (a file with extension EX5) and it must be located in MQL5/Indicators directory of the client terminal or in one of its subdirectories. It uses zero bar of the selected indicator with defaul

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The indicator shows the angle of the DeMarker indicator line, which allows you to identify possible price extrema more accurately. Histogram bar color and size indicate the direction and angle of the DeMarker line. When the trade volume control is enabled, a yellow bar is an indication of the volume being lower than average over the past 50 bars. The color of the main indicator line shows whether the price has reached an overbought/oversold level in accordance with DeMarker indicator values. The

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Filter:

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Bernardo Carvalho 2023.01.01 21:02 #

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1446

Marcel Bühler 2021.05.27 18:45 #

Only false signals in sideways moves.

jailsonteles 2021.03.13 03:17 #

ÒTIMO INDICADOR, USAR NA CONTRA-TENDENCIA FAZENDO SCALPER.

4123

Valentin Butorin 2020.10.01 13:08 #

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Version 1.20 2021.11.18

Улучшен алгоритм обработки

Version 1.10 2014.04.22

Added input parameters:
- Angle treshold - threshold value for displaying a flat (yellow line), 6.0 on default;
- Period volatility band - period for the volatility channel calculation.