Easy Trend Visualizer MT4 and MT5

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Easy Trend Visualizer MT4 and MT5

 

Easy Trend Visualization in MT5 - added an MT5 version of the Easy Trend Visualizer MetaTrader indicator to the site today. It has almost the same functionality as an MT4 version. The conversion process was rather painful with this indicator and it was the first time I really hated new MQL5 and MT5. Not only the code became more bulky after the conversion, but also the MT5 indicator display system wouldn’t allow doing the same things that MT4 allowed to do easily, in sense of the visualization. It resulted in two main disadvantages compared to old indicator version:

 

* More indicator buffers to do the same things

* The support/resistance lines have ugly vertical appendages

 

On the bright side, I’ve finally found out that the order of elements in the indicator buffers can be inverted (to make it the same as in MT4) by simply calling ArraySetAsSeries() function in the OnInit() event handler. That can really help in the indicator development.

 

http://s48.radikal.ru/i120/1001/81/0dc08dccc87b.gif

 

 

Easy Trend Visualizer MT4 — this indicator does exactly what its name is telling you. It shows where the trend begins, where it ends and where there is no trend at all. It's based on standard MetaTrader ADX (Average Direction Movement Index) indicators and works quite fast. Easy Trend Visualizer displays itself in the main chart window. Available for MT4 and MT5 platforms.

Input parameters:

 

* ADXperiod1 (default = 10) — period of the first ADX indicator.

* ADXperiod2 (default = 14) — period of the second ADX indicator.

* ADXperiod3 (default = 20) — period of the third ADX indicator.

You should be warned that this indicator redraws the current bar. So, it's not very wise to enter a position based on the signal of the current bar. Previous bars aren't redrawn and can be used as the safe entry signals. Although Easy Trend Visualizer is quite accurate there are many false signals. But they shouldn't be a real problem since a stop-loss level can minimize losses. You should also exit positions if the trend is over.

 

 

 

 

 

Easy Trend Visualizer for MetaTrader 4 in .mq4

http://www.earnforex.com/mt4-forex-indicators/EasyTrendVisualizer.mq4

Easy Trend Visualizer for MetaTrader 5 in .mq5

http://www.earnforex.com/mt5-forex-indicators/EasyTrendVisualizer.mq5