Forex Blog

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 the code and performance significantly compared to the previous version. Among others new features are the following:

• Description of the indicator is visible from the MetaTrader terminal.
• Extra cycles and conditions removed to improve code structure and the speed of execution.
• Old MQL4 function ObjectSetText() redeclared for easy conversion of indicators. You can get the code of the function from this indicator if you want to use it in your own conversions. It’s fully MQL4-compatible.

You can get the code of the MT5 version or read more info about this trend indicator.

P.S.: Attach this indicator to M1 or M5 timeframe and also pre-load M5, M15, M30, H1, H4 and D1 charts if you want it to show all data correctly.

If you find any bugs in this MT5 indicator or if you want to make a suggestion regarding its functionality or what should be my next MT4->MT5 conversion, please, use the commentary form below.