Cauchy derivative – indicator for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • The indicator shows the difference in the estimated values of the current bar and the previous bar.

    Estimated value is the difference between the arithmetic mean and geometric mean of the price.

    The price is calculated according to the formula: (O+H+L+C)/4, where О — bar Open price, Н — bar High price, L — bar Low price, С — bar Close price.

    The indicator settings:

    • period — indicator period for calculation of values.
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    GBPUSD chart, H1, 2016.10.05 05:59 UTC, MetaQuotes Software Corp., MetaTrader 5, Demo

  • How to install MT5 indicator?
  • 1. On the desktop, double-click to open the MT45 trading platform software you installed.
  • 2. Click on “File” in the upper left corner – “Open Data Folder”, double-click the MQL5 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT5, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window
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