Consensus_of_Five - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources

Consensus of five signal indicators. The indicator is based on the readings of five indicators: ADX, DMI, CCI, MACD and Stochastic.

DMI, CCI, MACD and Stochastic directions (or only some of them) should match to generate directional signals, while the value of the ADX indicator acts as a trend filter (presence or absence of trend) and affects all four indicators DMI, CCI, MACD and Stochastic (or only some of them) simultaneously. If the indicator shows direction and ADX is in a non-trending area, no directional signal will be generated.

The indicator has twenty-one input parameters:

The MACD signal line calculation period is 1, and the stochastic indicator price area is low/high

Figure 1. All indicators + ADX filter

Figure 2. All specifications without ADX filter

Figure 3. CCI + MACD + Stochastic (without ADX filter)

Figure 4. MACD + Stochastic indicator (without ADX filter)

Figure 5. DMI with ADX filter

Figure 6. DMI without ADX filter

Figure 7. CCI without ADX filter

Figure 8. MACD without ADX filter

Figure 9. Random without ADX filter

Figure 10. Stochastic+stochastic oscillator without ADX filter

Attachment download

📎 consensus_of_five.mq5 (31.4 KB)

Source: MQL5 #22983