The advantage of Heikin-Ashi candlesticks is that they make the trend clearer and help nervous traders (which is all of us sometimes!) remain with the dominant trend. However, it is important to remember that when the market does change direction Heikin-Ashi candles react more slowly. extern int MaPeriod=10;extern int MaMetod =2; extern int Step=10; extern[…]

An indicator for Stop Loss levels calculation using Bill Willams technique. Bill Williams in his book “Trading Chaos: Applying Expert Techniques to Maximize Your Profits” (Chapter 7, Level One: Novice Trader, p.95) has described SL as follows: “…We place the air bag one tick above/below the high/low of the second bar back on one significantly[…]

Calculation of pivot and similar levels based on time zones.   Time-Zone Inputs:   LocalTimeZone: TimeZone for which MT4 shows your local time, e.g. 1 or 2 for Europe (GMT+1 or GMT+2 daylight savings time). Use zero for no adjustment. The MetaQuotes demo server uses GMT +2. DestTimeZone: TimeZone for the session from which to[…]