Fractal_WeightOscillator_HTF – indicator for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • The Fractal_WeightOscillator indicator with the timeframe selection option available in input parameters.

    input ENUM_TIMEFRAMES TimeFrame=PERIOD_H4;  // Indicator chart period (timeframe)

    The Fractal_WeightOscillator_HTF repeater indicator requires the compiled custom indicator file Fractal_WeightOscillator.mq5 in order to compile. Place it in <terminal_data_folder>\MQL5\Indicators.

    After compilation, the Fractal_WeightOscillator_HTF.ex5 indicator file contains the Fractal_WeightOscillator.ex5 indicator as a resource, and therefore, it is not required to be present in the terminal folder for the compiled indicator to work! For this purpose, the corresponding code has been added to the indicator code in order to include the WeightOscillator indicator in the executable file.

    The indicator executable file has been added as resources at the global scope

    //—- Include custom indicators in the indicator code as resources
    #resource \\Indicators\\Fractal_WeightOscillator.ex5

    Changed the string path to the indicator used as resource in the block of the OnInit() function

    //— getting the Fractal_WeightOscillator indicator handle
       Ind_Handle=iCustom(Symbol_,TimeFrame,“::Indicators\\Fractal_WeightOscillator”,e_period,normal_speed,RSIWeight,RSIPrice,MFIWeight,MFIPrice,MFIVolumeType,
                                WPRWeight,DeMarkerWeight,bMA_Method,bLength,bPhase,HighLevel,LowLevel);

    The file of the Fractal_WeightOscillator.ex5 source indicator also contains indicators as resources. Thus, the compiled executable file of the repeater indicator can be used on other trade terminals on its own without the original indicator.

    The order of compiling the files:

    1. Fractal_RSI.mq5, Fractal_MFI.mq5, Fractal_WPR.mq5 and Fractal_DeMarker.mq5;
    2. Fractal_WeightOscillator.mq5;
    3. Fractal_WeightOscillator_HTF.mq5. 

    Fig1. The Fractal_WeightOscillator_HTF indicator

    Fig1. The Fractal_WeightOscillator_HTF indicator

  • 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