The oscillator indicator shows a ratio between bullish and bearish candlesticks over the selected period.
It has two parameters:
- Period – calculation period
- Method – the method of smoothing
Up (Green) = ((High - Open) + (Close - Low))/2, the average value over the selected period;
Down (Red) = ((Open – Low) + (High – Close))/2, the average value over the selected period.
MT5 Indicators – Download Instructions
Drive MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
Drive MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies
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How to install Drive MT5 Indicator.mq5 to your MetaTrader 5 Chart?
- Download Drive MT5 Indicator.mq5
- Copy Drive MT5 Indicator.mq5 to your Metatrader 5 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 Drive MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Drive MT5 Indicator.mq4 is available on your Chart
How to remove Drive MT5 Indicator.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader 5 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Drive MT5 Indicator (Free Download)
Click here below to download: