• Overview
  • Reviews (1)
  • Comments (2)
  • What's new

Synthetic Symbols

5
Perform any operation between your terminal symbols (or your custom ones) to create custom synthetic symbols: log scales, relative performances (stock vs SP500, gold vs silver...), currency indexes... the possibilities are endless!

You can execute any mathematical operation between symbols and constants candle by candle. There are functions included for getting the minimum [min(a,b)] or maximum [max(a,b)] between 2 values, and the square root [sqrt(x)], absolute value [abs(x)], logarithm [logn(x) or log10(x)] or closest integer [round(x)] of one value.

Since version 2.0, you can also declare indicators in the current symbol and access its values, for example:

$ma_indi = <MA> : 50,0,0  ;  #CURRENT - indicator($ma_indi, 0)

The syntax for indicator names is Folder/Name for custom indicators and between "< >" for terminal indicators.

How to Use

Write a formula using symbols present in your market watch starting with a "#" character (for example #EURUSD). Make sure that any symbol's name doesn't contain any operator character, parenthesis or "#" for the formula to be evaluated correctly.

You can also save formulas in a txt file and load that file instead.

The formula will be evaluated at each candle displaying the result as a line indicator.

Warnings

  • Since the indicator relies on other chart's data, it could have problems if those symbols aren't loaded. If the indicator doesn't display correctly, load the used symbols in a new chart (make sure they contain the necessary data) and reload the indicator.
  • If there is no data for any of the used symbols in one candle, the closest candle before is used. If the used symbol has less data, the data of the first existing candle is used in all candles with an earlier date. Be careful when interpreting results if they could be incomplete (for example, when comparing BTC with any forex symbol or index).
  • If the formula has a wrong format or it produces a 0-division it would still be evaluated and can produce unexpected results.
Reviews 1
strive23
194
strive23 2022.09.29 20:48 
 

great indicator, very useful; the author has a very quick turnaround when you ask him questions and fixes; thanks again!

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This volatility indicator is useful to detect dead markets. It's based on the EVZ index, which measures the volatility of the Euro (but can be applied to the Forex Market overall). High values represent high volume/volatility in the market. If it's below 7, volume is low and the risk when trading is greater. For traders who use the No Nonsense Forex (NNFX) method, this indicator can be useful to backtest algorithms and measure the impact that the EVZ has on them, or just to be able to read it di
Easy Indis
Manuel Alejandro Cercos Perez
5 (3)
Easy Indicators for MT5 A very simple tool to help visualize indicators more easily. Especially usefull if the reference indicator is very subtle or difficult to read. In this blog you can read about the different types of indicator supported (indicators with color buffer are not available): Zero line crosses Two Line crosses Buffer activations Zero line crosses with filter Crosses with price (MAs) Crosses inside filter
FREE
Complete Trade Panel for the No Nonsense Forex method: This panel encapsulates almost all things you will need to execute your own NNFX algorithm, helping you trade even faster and easier. It has 3 parts: Symbol Panel Switch to any symbol in your charts quickly by pressing its name. Additional information can be displayed in the panel: currently open trades , correlation of those trades with other symbols (except if their stop loss is in breakeven or positive) and upcoming news (next daily candl
ATR to Baseline
Manuel Alejandro Cercos Perez
This indicator creates a channel relative to other chart indicator: indicator + ATR and indicator - ATR . Useful to know if price has gone up too far of your baseline. The ATR levels can be adjusted with a multiplier. It can also be applied to prices (close, open, high, low, median...) or other subwindow indicators. Actually you can get the same information about distances to baseline when applying it to close prices You can also get this indicator for MT4 (a bit more complex to use, but it ca
FREE
ATR to Baseline MT4
Manuel Alejandro Cercos Perez
This indicator creates a channel relative to other chart indicator: indicator + ATR and indicator - ATR . Useful to know if price has gone up too far of your baseline. The ATR levels can be adjusted with a multiplier. This version has more complexity than its MT5 counterpart to avoid some of the MT4 limitations: you need to introduce your baseline's name , parameters (in a string separated with commas), and buffer . Make sure that your baseline has all necessary values in one only buffer (or you
FREE
Euro Fx Vix MT4
Manuel Alejandro Cercos Perez
This volatility indicator is useful to detect dead markets. It's based on the EVZ index, which measures the volatility of the Euro (but can be applied to the Forex Market overall). High values represent high volume/volatility in the market. If it's below 7, volume is low and the risk when trading is greater. For traders who use the No Nonsense Forex (NNFX) method, this indicator can be useful to backtest algorithms and measure the impact that the EVZ has on them, or just to be able to read it di
Complete Trade Panel for the No Nonsense Forex method: This panel encapsulates almost all things you will need to execute your own NNFX algorithm, helping you trade even faster and easier. It has 3 parts: Symbol Panel Switch to any symbol in your charts quickly by pressing its name. Additional information can be displayed in the panel: currently open trades , correlation of those trades with other symbols (except if their stop loss is in breakeven or positive) and upcoming news (next daily candl
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strive23
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strive23 2022.09.29 20:48 
 

great indicator, very useful; the author has a very quick turnaround when you ask him questions and fixes; thanks again!

Reply to review
Version 2.0 2022.09.29
-Removed case sensitivity (except for variables/symbol names)
-Added error logs
-NOZERO function added: nozero(x,y) returns x unless x=0 (then it returns y). To avoid implicit zero division errors

-Support for indicators: declared before the formula and separated with ";" from each other
-> Syntax: $declaration = NAME : param1, param2... ; other indicators... ; formula
-INDICATOR function added: indicator($declaration, buffer) returns the value of a given buffer of an indicator at any given candle
Version 1.2 2022.09.07
-Fixed errors with nested formulas in functions
-Removed excessive log prints (now only one for each error)
Version 1.1 2022.04.27
Minor fixes