Dots Metatrader 5 Indicator
The indicator shows current trend direction by placing colored dots on the main chart. Blue dots indicate an uptrend, red dots indicate a downtrend.
The indicator’s calculations are not based on the standart indicators of the MetaTrader platform. The calculation is based on cosine of a price change angle. The trader can set several input parameters of the indicator:
//+———————————–+
//| Indicator input parameters |
//+———————————–+
input uint Length = 10; // Depth of smoothing
input uint Filter = 0; // parameter allowing to filter price surges without adding display lags.
input Applied_price_ IPC=PRICE_CLOSE_; // Applied price
input int PriceShift=0; // Vertical indicator shift in points
input int Shift=0; // Horizontal indicator shift in bars
Dots MT5 Indicator – Download Instructions
In order to transform accumulated history data, you need to install a MetaTrader 5
Dots – it is a MetaTrader 5 indicator that allows you to detect several changes and dynamics in price that many traders can’t estimate or see without an indicator, which highlights its essence and usage.
Accordingly, traders can draw conclusions and make estimates about how the prices will change based on the information they have and then they can modify their strategy for better trading.
How to install Dots indicator for MetaTrader 5.mq5?
Download indicator for MetaTrader 5.mq5
Copy Dots to Directory / experts / indicators /Start or restart your Metatrader 5 Client
Select Chart and Timeframe where you want to test your mt5 indicator
Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
Right click on Dots for MetaTrader 5.mq5
Attach to a chart
Modify settings or press ok
now indicator for MetaTrader 5.mq5 is available on your Chart
How to remove Dots Indicator for MetaTrader 5.mq5 from your Metatrader 5 Chart?
Select the Chart where is the Indicator running in your Metatrader 5 ClientRight click into the Chart
“Indicators list”
Select the Indicator and delete.
Related Indicator: Super Trend HTF Metatrader 5 Forex Indicator
Download Dots Metatrader 5 Forex Indicator
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