The indicator looks for bars without one or two wicks. DRAW_ARROW drawing style.
Two indicator buffers are used – one signals the absence of an upper wick, while the second one informs of the absence of the lower wick. Both drawing styles apply the same label (Symbol code to draw Shadow parameter) colored differently. The label codes can be found here:
- MetaEditor – MQL5 Reference – search for “Wingdings”
- on the website: Wingdings
Label shift is set by the Arrow shift parameter.
MT5 Indicators – Download Instructions
Without Shadow Arrow MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
Without Shadow Arrow 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 Without Shadow Arrow MT5 Indicator.mq5 to your MetaTrader 5 Chart?
- Download Without Shadow Arrow MT5 Indicator.mq5
- Copy Without Shadow Arrow 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 Without Shadow Arrow MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Without Shadow Arrow MT5 Indicator.mq4 is available on your Chart
How to remove Without Shadow Arrow 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
Without Shadow Arrow MT5 Indicator (Free Download)
Click here below to download: