10 Minute trader Indicator For MT4

10 Minute trader Indicator For MT4

The 10 Minute trader Indicator For MT4 is an ultra short term trading tool that uses a combination of trend following and momentum indicators to display the current bias in an underlying market. An upward pointing Hot Pink arrow signals that the current trend is up and traders should look to initiate long positions. Contrarily, a downward facing Hot Pink arrow points to the presence of a bearish bias, and traders can enter short positions. The 10 Minute trader Indicator For MT4 can be applied across asset classes, but ideally on shorter time frames.

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Installing the 10 Minute trader Indicator For MT4

After you downloaded the indicator via the form above you need to unzip the zip-file. Then you need to copy the file 10Min_011a.mq4 into the folder MQL4\Indicators of your MT4 installation. After that please restart MT4 and then you will be able to see the indicator in the list of indicators.

Parameters of the 10 Minute trader Indicator For MT4

The 10 Minute trader Indicator For MT4 has 0 parameters to configure.

Buffers of the 10 Minute trader Indicator For MT4

The 10 Minute trader Indicator For MT4 provides 7 buffers.

SetIndexBuffer(0, ExtMapBuffer1);
SetIndexBuffer(1, ExtMapBuffer2);
SetIndexBuffer(2, ExtMapBuffer3);
SetIndexBuffer(3, ExtMapBuffer4);
SetIndexBuffer(4, ExtMapBuffer5);
SetIndexBuffer(5, ExtMapBuffer6);
SetIndexBuffer(6, ExtMapBuffer7);

Main Parts Of The Code

int start()
   double    wma=0,    wma_p=0;  // linear Weighted Moving Average & Previous
   double    sma=0,    sma_p=0;  // Simple Moving Average & Previous
   double stochm=0;              // STOCHastic Main
   double stochm1=0, stochm2=0;  // long chain stochm 1&2
   double stochm3=0, stochm4=0;  // long chain stochm 3&4
   double stochs=0;              // STOCHastic Signal
   double stochs1=0, stochs2=0;  // long chain stochs 1&2
   double stochs3=0, stochs4=0;  // long chain stochs 3&4
   double  macdm=0;              // Moving Average Convergance Divergance Main
   double  macds=0;              // Moving Average Convergance Divergance Signal
   double    rsi=0;              // Relative Strength Indicator
   double   rsi1=0,     rsi2=0;  // long chain rsi 1&2
   double   rsi3=0,     rsi4=0;  // long chain rsi 3&4
   int pos=Bars-100;             // leave room for moving average periods
   while(pos gt =0)
      wma_p=wma; // save previous calculations
      sma_p=sma; // save previous calculations
      if(wma_p  lt  sma_p && wma  gt  sma)                               // MA crossed up
         ExtMapBuffer1[pos]=wma - 0.0003;
      if (rsi  gt  52 &&(rsi1 lt 48 || rsi2 lt 48 || rsi3 lt 48 || rsi4 lt 48))   //blue
         ExtMapBuffer3[pos]=wma + 0.0003;
      if (stochm gt stochs)                                               //red
         ExtMapBuffer4[pos]=wma + 0.0006;
      if (macds  gt  0)                                                   //white
         ExtMapBuffer5[pos]=wma + 0.0009;
      if (stochm-stochs gt 30)                                            //hotpink
         ExtMapBuffer6[pos]=wma + 0.0012;
      if(wma_p  gt  sma_p && wma  lt  sma )
         ExtMapBuffer2[pos]=wma + 0.0003;
      if (rsi  lt  48 &&(rsi1 gt 52 || rsi2 gt 52 || rsi3 gt 52 || rsi4 gt 52))
         ExtMapBuffer3[pos]=wma - 0.0003;
      if (stochm  lt  stochs)
         ExtMapBuffer4[pos]=wma - 0.0006;
      if (macds  lt  0)
         ExtMapBuffer5[pos]=wma - 0.0009;
      if (stochm-stochs lt -30)                                            //hotpink
         ExtMapBuffer6[pos]=wma - 0.0012;
      if(rsi gt 60 && stochm gt 80 )
         ExtMapBuffer7[pos]=wma + 0.0015;
      if(rsi lt 40 && stochm lt 20)  //white dot
         ExtMapBuffer7[pos]=wma - 0.0015;


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I'm Mike Semlitsch the owner of PerfectTrendSystem.com. My trading career started in 2007. Since 2013 I have helped thousands of traders to take their trading to the next level. Many of them are now constantly profitable traders. 

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