Five Pattern Indicator For MT5
Five Pattern Indicator For MT5 — a MetaTrader 5 indicator kept in the Old Kings collection. Its name points to candlestick patterns. It draws arrows on the chart. It has 14 settings, for example Depth (default 24), Deviation (default 12) and Backstep (default 9). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 1 indicator file with source code (.mq5) you can open and edit in MetaEditor and a PDF guide. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT5 · v1.0 · Free
About Five Pattern Indicator For MT5
Five Pattern Indicator For MT5 is an indicator for MetaTrader 5. It draws buy and sell arrows on the chart. It has 14 settings, such as Depth, Deviation and Backstep. MQL source code included.
Files in the download: mql5\Include\MyObjects\myccomment.mqh, mql5\Include\MyMath\Extremum\mycextremum.mqh, mql5\Include\MyArrays\myclistarrow.mqh, mql5\Include\MyArrays\myclisttrendline.mqh, mql5\Include\MyArrays\myclisthline.mqh, mql5\Include\MyObjects\mycarrow.mqh, mql5\Include\MyObjects\myctrendline.mqh, mql5\Include\MyObjects\mychline.mqh ….
Settings
| Setting | Default | What it does |
|---|---|---|
| Depth | 24 | Zigzag: (Depth) |
| Deviation | 12 | Zigzag: (Deviation) |
| Backstep | 9 | Zigzag: (Backstep) |
| Hist size | 500 | Zigzag: |
| Color arrow | clrBlue | Colour on the chart |
| Color trend | clrGold | Colour on the chart |
| Width trend | 2 | |
| Back trend | true | |
| Style trend | STYLE_SOLID | |
| Color up h line | clrBlue | Colour on the chart |
| Color down h line | clrRed | Colour on the chart |
| Width h line | 2 | |
| Back h line | true | |
| Style h line | STYLE_SOLID |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 5 open File → Open Data Folder, then go to MQL5 → Indicators.
- Copy the .mq5 file(s) there. Put any .mqh files in MQL5 → Include.
- Open the .mq5 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Buy/Sell Arrows · MT5 Indicator · MQL5 Source Code