Archive

Detrended Price Oscillator is the latest free technical indicator that was uploaded to EarnForex.com. Like its name suggests, DPO is an oscillator that shows the changes of price direction. The ”detrended” part stands for being able to produce signals even when the small changes in the trend are in effect. The MT4 version …

Originally created for VT Trader, Quantitative Qualitative Estimation (or simply QQE) is an interesting indicator that uses a lot of moving average based smoothing on the standard RSI indicator. Although the calculation of the indicator is rather complex, the result is quite easy to use. I’ve used the MQL4 code by Roman …

Many free Forex expert advisors and indicators for MetaTrader 4 and 5 are offered on this site and many other websites on-line. That’s one of the main reason why the MetaTrader platform is so popular — the traders enjoy a lot of free user-created content that is shared and discussed by the community. I like …

No, it’s not about losing pips in poor trading or mourning for your deposit. It’s about an indicator developed by Edward Coppock in 1962 for the Episcopal Church (for their investments, of course; not for their religious needs!) It was a long-term indicator for stock investments and the main idea behind it were the periods of ”mourning …

I’ve created my second double-version (MQL4 and MQL5) indicator this week. It’s a Market Profile indicator that displays the statistical distribution of the prices in time. Market profile technique is quite popular in the stock market price action analysis and can be used quite successfully in Forex (for daily sessions). It …

I’ve converted Trade Assistant indicator from MT4 to MT5 today. It’s a multi-timeframe indicator that can show RSI, CCI and Stochastic Oscillator signals for 6 timeframes: M5, M15, M30, H1, H4 and D1. Although the conversion was rather tricky it was also quite interesting as I could enhance …

This time I’ve converted an MT4 indicator Murrey Math Line X to MT5. It’s based on the Murrey Math rules and shows the many support/resistance/pivot linesб which have their own significance and can greatly help a Forex trader to set his or her order entry and exit levels. It was quite …

Got another MT4-only indicator converted to a full compatibility with MT5 today (now there are only 5 indicators left to be converted, counting those that I am not going to convert at all). It’s the Float indicator, which can be used to detect trends, their strength …

BB MACD indicator has been converted to be compatible with the MetaTrader 5 platform. It’s a simple visual Forex indicator that displays the Bollinger Bands on the custom MACD indicator, shown in the separate window of the chart. It wasn’t an easy MQL4->MQL5 conversion, mostly because of the lack of …OnArray() functions in the new MetaTrader. …

Another conversion from MT4 to MT5 is presented to you today. It’s a TzPivots indicator that can display daily pivot points (several types), support and resistance levels and Fibonacci retracements on the main chart. It can adapt to different timezones (both your own and your MetaTrader server’s) and thus …