indicator library

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Combo Bars Daily

Indicator combine several daily charts to one window.

The system is used to trade using volume levels. Originally it was introduced to volFix but this indicator is doing the same in Meta Trader.

Input parameters:
CombAmount - number of days to show in one chart
MT5TimeZone - terminal time zone, to show day start-end time
ShowPeriodSeparator (true/false) – draw period separators every 1 hour
PeriodSeparatorColor
ShowOnlyShadows - how to drav bars, only shadows (single horizontal line), or full candle
ShadowWidth - width of shadow price bar
FontAngle - font angle that is used to show date
FontSize - font size
All colors



Download combo_bars_daily_1.4 indicator

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Combo Bars Weekly
ndicator combine several weekly charts to one window. It may also draw daily period separators for them.

The system is used to trade using volume levels. Originally it was introduced to volFix but this indicator is doing the same in Meta Trader.

Input parameters:
CombAmount - number of weeks to show in one chart
MT4TimeZone - terminal time zone, to show correct period separators
ShowPeriodSeparator (true/false) – draw period separators (daily)
PeriodSeparatorColor
ShowOnlyShadows (true/false) – how to draw bars, only shadows (single horizontal line), or full candle
ShadowWidth - width of shadow price bar
FontAngle - font angle that is used to show date
FontSize - font size
Combo charts colors


Download combo_bars_weekly_1.3 indicator

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Combo Bars Intraday

Indicator combine several intraday charts to one window.

The system is used to trade using volume levels. Originally it was introduced to volFix but this indicator is doing the same in Meta Trader.

Input parameters:
CombAmount - number of combos to show in one chart
CombPeriod - number of bars to use (60 for hourly combo charts, 120 for 2 hours combos, 240 for 4 hours)
ShowOnlyShadows (true/false) – how to draw bars, only shadows (single horizontal line), or full candle
ShadowWidth - width of shadow price bar
FontAngle - font angle that is used to show date
FontSize - font size
Combo charts colors



Download combo_bars_intraday_1.4 indicator

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Profit-Stop calculator

Useful indicator that calculate how much money you will got on reaching some levels, profit or stop loss. The open price, profit price and stop price are simply changed in easy way by moving appropriate lines on the chart.

All information is shown in top left corner.

Input parameters:
calc_lots – number of lots that you will trade
commission - if you are trading futures the commission will be taken
stock_in_lot – number of stocks in one lot, if you are trading stocks
OpenLineColor - the color of open line (default – green)
ProfitLineColor - the color of profit line (default – gold)
StopLineColor - the color of stop line (default – red)



Download Profit-Stop-Calculator indicator

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Variation Index
Nowadays, the most popular representatives of the fractal time functions are the financial time series. The fractal structure of these series is well-known and aсcording to Mandelbrot there is a “rewording of the famous market saying that the movement of stocks and currencies is independent of the time scale and the price.

An observer can’t tell if the information refers to the weekly, daily or hourly changes just by looking at the appearance of the chart�.

Usually, to determine the fractal dimension the Hurst’s exponent is calculated [2]. However, for the reliable calculation of this exponent a huge amount of data is necesary (~ 10^3) and that is too much comparing to the duration of the trends of trading.

The authors [1] interpose the fractal characteristics – the variation index (m) that is closely related to the common fractal dimension. In distinct from the


Hurst’s exponent, the amount of information that is necessary for index determination is less by a factor of 2. It leads to use it as a local characteristics for

determination of the dynamics of the price series. If m < 0.5, it can be interpretated as a trend and m > 0.5 – as a flat.

The suggested indicator calculates the variation index on a previous interval which is 2^n long. The “n” parameter is specified by the user.



Download Variation-index indicator

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Linear Channels

ndicator draws linear channels on one price chart based on three different timeframes (by default – 1 hour, 4 hours and 1 day ). Also, indicator shows the current ranges for every channel. Line thikness is different for different timeframes.

Input parameters:
period1, period2, period3 – number of minutes in different for what draw the channels, default – 60,240,1440.



Download Linear-channels_v2.5 indicator

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Candle Relations v2

Indicator that will be useful with Japanese candle patterns, with graphic information it shows the relation of main part of the candles

Blue Line – candle body relation to all candle size
Green Line – candle upper shadow relation to all candle size
Red Line – candle lower shadow relation to all candle size
No input parameters, just colors.


Download Candle-Relation_v2 indicator

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Chart Overlay

Indicator allow to draw second chart from another symbol on the same chart window, so you get two charts from different products in one place. It’s great to compare the difference between them.

Input Parameters:
SubSymbol – symbol name that will be shown in current chart
BullBarColor – the color of bullish bar
BearBarColor – the color of bear bar
GridColor – the color of the greed
Mirroring (true/false) – if chart needs to be mirrored



Download OverlayChart indicator

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TrueColors – gradient background in MT4

ndicator that draw nice looking gradient background in your Meta Trader terminal. It’s not easy one just to select color and make a gradient, each colors are mixed in ‘advanced’ way, but it produce really nice looking gradient background.

By default it draw blue background like on screenshot.

Input parameters are:
steps – how much colors should be adjusted
adjustred (1/0) – adjust red color or not
redweight - how much red color is multiplied comparing to others
adjustblue (1/0) – adjust red color or not
blueweight - how much blue color is multiplied comparing to others
adjustgreen (1/0) – adjust red color or not
greenweight - how much green color is multiplied comparing to others



Download TrueColors indicator

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Sixths Screen
Indicator that divide screen to 6 equal parts, it is used in some systems as additional filter (Nanningbob system most known).

The rules are – not to trade inside green-white-green lines, this is take profit area. Open sell trades only above green line, or strong sell trades above yellow line. Open buy trades only below green line, or strong buy trades below yellow lines.

Indicator parameters:
BarCount – number of barst to count tha areas to devide. Default 120 (using 4Hours charts it will be one month).



Download SIXTHS indicator