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MW Market Sides Strength

The Martinware™ Market Sides' Strength indicator shows the candlestick chart in a different manner allowing for a clearer view of which side, bullish or bearish is dominating the asset in the current period. As a bonus, it can also show an internal area that can be used to visualize two levels of Fibonacci retracements inside the bars.

The default configuration shows the MSS bars with 4 main colors, two representing the bullish force, and two representing the bearish one. The primary colors are shown depending on the position of the closing price relative to the previous bar's close. So, if the current close is higher then the previous close, the primary bullish color is shown alongside the secondary bearish color and vice-versa.

A secondary (and more recommended) way of using the indicator is by setting only one main color for each market force. In this way, the closing price's position becomes irrelevant and the MSS bars show the strength of each market side in a clearer way.

The indicator also allows filtering wich bars to show depending on the side's strength. For that, it divides each MSS bar into 5 areas using Fibonacci numbers representing strong bullish, defined bullish, undefined, defined bearish, and strong bearish bars. This way, the trader may easier focus on only the moments that matters to his trading strategy. Filtered bars are painted using the third color (white by default).

Input parameters:
Show strong bars: makes visible the bars with strong force
Show defined bars: makes visible the weaker bars
Show balanced bars: makes visible the balanced bars
Show internal area: enables the drawing of the internal area
Top value: the top value of the internal area
Bottom value: the bottom value of the internal area
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Martin Bittencourt
5 (1)
The Martinware Closing Time Alarm indicator serves to warn traders that the current period (bar, candle) is about to end. Input parameters: Time offset: with how many seconds before the ending of the current period the alarm must trigger Alert with sound: informs if the alert should include playing a sound Sound selection: a list of sounds available Custom sound: name of the custom sound file to be used in case "custom sound" was selected. It must be inside a folder named "Sounds", this o
FREE
The Martinware Eye Rest Reminder serves to periodically remind traders to rest their eyes without the need for a tool outside MT5. Input parameters: Periodicity: play the alert every n minutes Alert with sound: define if the alert should include playing a sound Custom sound file: name of the custom sound file to be used instead of the default. It must be inside a folder named "Sounds", this one inside the "Files" folder in the Terminal's MQL5 directory tree. Alert with Alert message: informs
FREE
The Martinware Direction by Candle Body Analysis indicator is a direction indicator that shows the current asset direction, up or down, by checking if previous candle bodies' bases were respected or broken. It works similarly to a moving average, but it's more objective due to its lesser amount of configuration parameters. The algorithm assumes the theory that although the highs and lows of candles have their value, it is the body that shows the conclusive market sentiment over that asset in
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Version 1.7 2023.06.01
Improvements made to the alert system
Version 1.6 2023.01.16
Added alternative algorithms to contemplate candles in specific cases; added alert system
Version 1.5 2021.09.23
Code improved. Input variables updated favoring simplicity.
Version 1.4 2020.08.13
Minor code improvements
Version 1.3 2020.06.11
Recompilation of version 1.2 with MQL5 build 2485 following a recommendation from the MT5 Community
Version 1.2 2020.05.30
Correcting a bug that was making the MSS crash in some openings of MT5 Terminal
Version 1.1 2020.05.12
Identical functionality, but my suggested configuration is now the default