Trend Equilibrium Indicator TrendEQ - Script for MetaTrader 5 - MQL5 #55792

Settings and Parameters General Parameters Momentum Period is used to calculate the number of momentum candles. Recommended value: 14 (The higher the value, the smoother the curve, but with lag.) Volatility Period The number of candles used to calculate volatility. Recommended value: 14 Scaling Factor The scaling factor adjusts pointer calculations to produce a readable curve. Default value: 100000 Overbought threshold level Above this level, the market is considered overbought. Default value: 100.0 Oversold level Below this value, the market is considered oversold. Default: -100.0 Feature Trend Determination: Positive: Indicates upward momentum (bullish trend). Negative: Indicates downward momentum (bearish trend). Volatility Adjustment: This indicator adjusts momentum calculations based on current market volatility, providing a more accurate and timely signal. Overbought/Oversold Signals: Overbought: Indicates that a price correction may be coming. Oversold: Indicates that prices may recover soon.

The RiskManagement library in MQL5 provides efficient, dynamic risk management and is optimized to minimize resources. It allows setting maximum profit and loss limits using customizable modifiers. It includes OCO order control as well as candlestick management and price conversion tools.

Compound interest calculator for traders. Calculate your bankruptcy risk and optimal risk for each trade based on your parameters. Forecast capital size for one year, one month and at the end of the period.

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The Watermark indicator is lightweight and efficient, designed to display an informative watermark on the main MetaTrader 5 chart. It automatically displays the current trading symbol, chart time and asset description, allowing traders to customize their interface with style and convenience.

Attachment download

📎 xauusdh1.png (61.07 KB)

📎 trendeq.mq5 (10.18 KB)

Source: MQL5 #55792