SignalEdge-Pro-Indicator
25 $
18 $
This advanced trading indicator combines the power of moving averages (MA) and the Average True Range (ATR) to provide dynamic entry and exit signals. Designed for both trend-following and risk management, it adapts to market volatility, ensuring precision in trade execution. Whether you're a seasoned trader or just starting, this tool helps you navigate the market with confidence, maximizing profits while minimizing risks.
SignalEdge Pro Indicator, Support and resistance levels
General Information
- Version: 1.00
- Indicator Type: Custom Indicator for MetaTrader 4 (MT4)
Properties
- ATR Factor: Multiplier for Average True Range (ATR) used in calculations (default value is 2)
- ATR Period: The period for the ATR (default value is 28)
- Trail Type: Defines the trail type, either "modified" (M) or "unmodified" (U)
- EMA Periods: First EMA (6 periods) and Second EMA (18 periods)
Functions
OnInit
This function initializes the custom indicator by setting up buffers for drawing, defining indicator labels, and other configurations like shift and digit precision.
OnCalculate
This is the main calculation function. It processes the market data and performs the following:
- Calculates the trend and other parameters based on ATR and price action.
- Calculates Fibonacci retracement levels (Fib1Buffer) and trailing stop levels (L100Buffer).
- Sets the trend direction using the calculated levels, adjusting the trend buffers (TrendUp and TrendDown) accordingly.
- Calculates the exponential moving averages (EMA) and assigns them to the buffers (Ema6Buffer and Ema18Buffer).
Conclusion
The PinScriptToQmlTest.mq4 is a custom MetaTrader 4 indicator that calculates Fibonacci levels, trailing stop levels, and trend direction using ATR and price action. It integrates exponential moving averages (EMA) and allows for dynamic adjustment of trading signals based on market conditions.
