Spike Catcher MT5
From the Old Kings archive: Spike Catcher MT5, an indicator for MetaTrader 5. In the code it works with the Stochastic oscillator. It has 13 settings, for example bars IN (default 145), SP (default i2) and N Shift1 (default 0). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 3 indicator files with source code (.mq5) you can open and edit in MetaEditor. 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 Spike Catcher MT5
Spike Catcher MT5 is an indicator for MetaTrader 5 based on Stochastic. It has 13 settings, such as Bars in, SP and N shift1. MQL source code included.
Files in the download: image (2).png, image (3).png, plombiers.ex5, plombiers.mq5, red this(1).txt, red this.txt, Shved supply and demand.ex5.
Settings
| Setting | Default | What it does |
|---|---|---|
| Bars in | 145 | data length |
| SP | i2 | curve's order |
| N shift1 | 0 | shift back into the history |
| Forecast | 0 | length of channel into the "future" |
| Kstd | 2.1415 | standart deviation factor |
| Oscilator | true | Is oscillator on the display? |
| N buff | 1 | displayed oscillator's buffer |
| Ka | 21 | Line calculation period %K. |
| La | 7 | Averaging period %D |
| Za | 1 | Deceleration |
| Oe | MODE_SMA | Averaging method |
| Me | STO_CLOSECLOSE | Stochastic's price value |
| Di gf | -99 | Number of decimal points.-99 Digits |
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: Stochastic · MT5 Indicator · MQL5 Source Code