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Perfect order indicator

  • Overview
  • How to install
  • How to set up
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Technical Main-chart
MT4 MT5

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The perfect order indicator displays an arrow on the chart when the 3 sets of moving averages (MAs), short-term, mid-term, and long-term, are in ascending or descending order, i.e., "perfect order". Perfect orders can be hard to detect, but this tool will help you spot changes in the trend.

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Features

3 types of arrows

There are 3 types of arrows for the perfect order indicator. The "Upward trend perfect order", the "Downward trend perfect order", and the "End of perfect order".

Display the perfect order indicator Display the perfect order indicator

Each of them will be triggered when the criteria below are met.

Upward trend When the MAs are aligned in the order of "short-term>mid-term>long-term".
Downward trend When the MAs are aligned in the order of "long-term>mid-term>short-term".
End When the MA alignment no longer fulfills the criteria above.

Each arrow will appear once when the criteria have been met. The gray "End" arrow will let you know that the perfect order has been broken.

point Perfect order signals a strong trend

MA becomes more volatile with a shorter period. If the MAs are aligned in the order of short-term, mid-term, to long-term, it usually signals a "strong trend". If you're a trend trader, this tool is for you.

The color of the MA can be adjusted in parameter settings. The default colors are shown below.

MA Color
Short-term Hot pink
Mid-term Gold
Long-term Turquoise
Perfect order colors Perfect order colors
caution Set "short-term", "mid-term", and "long-term" in the parameter

The period of MA used in this tool can be changed in the parameter settings. However, if for instance, you set the time range for the "mid-term MA" shorter than the "short-term MA", the perfect order indicator will not be as accurate. Make sure to set the time ranges in ascending order from "short-term", "mid-term", to "long-term".

Blink until the candle is confirmed

If the indicator finds a temporary perfect order before the candlestick has been confirmed, the arrow will start blinking. If the criteria are still met after the candlestick has been confirmed, the arrow will stop blinking and be fixed on the chart.

The blinking feature will help you anticipate a change in trend before the perfect order is established.

3 types of notifications

There are 3 types of notifications for the perfect order indicator. The "Pop-up notification", "Email notification", and "Push notification". Combine the "Pop-up notification" with the MetaTrader4/MetaTrader5 alert function to get multiple alerts so you never miss another opportunity.

To use the "Email notification" and "Push notification", settings on the MetaTrader4/MetaTrader5 side need to be made as follows.

When the perfect order is established, you will receive notifications as follows.

Type Message
Upward trend perfect order Up perfect order
Downward trend perfect order Down perfect order
End of perfect order Neutral
Upward trend perfect order
Up perfect order
Downward trend perfect order
Down perfect order
End of perfect order
Neutral
How to install
How to set up

How to install

To use perfect order indicator, install the "【Myforex】Perfect Order Indicator" file on MetaTrader4/MetaTrader5.

Step 1

Click "File" from the menu bar at the top of MetaTrader4/MetaTrader5 and choose "Open Data Folder".

Open data folder

Step 2

After opening the data folder, double-click the folder "MQL5 (MQL4 for MetaTrader4)" in it to open it.

Open MQL5 file

Step 3

Double-click to open "Indicators" folder in the MQL5 file.

Open Indicators

Step 4

Save the "【Myforex】Perfect Order Indicator" in the "Indicators" folder.

Save indicator

Step 5

Once the file is in the folder, right-click "Indicators" in the Navigator and choose "Refresh" from the displayed menu.

Refresh indicator

Step 6

After checking that the perfect order indicator is shown in the "Indicators" of the Navigator, apply it to a chart by double-clicking or dragging and dropping.

Apply the perfect order indicator Apply the perfect order indicator

Step 7

Refer to the "How to set up" page to make further settings in the "Inputs" tab, then click "OK".

Displaying parameter Displaying parameter

Step 8

The perfect order indicator is applied to the chart and will display the three MAs, as well as the arrows when the criteria are met.

Displaying the perfect order indicator Displaying the perfect order indicator
Overview
How to set up

How to set up

After applying the indicator to the chart, set the parameters according to your style.

Step 1

First, open the "Inputs" tab.

Displaying Inputs tab

Step 2

Set the parameters as follows.

Parameter settings

MA settings

Number

Item name

Description

1

Short-term MA

Set the calculation period for the short-term MA. The default is set to "8".

2

Short-term MA color

Set the color for the short-term MA. The default is set to "HotPink".

3

Mid-term MA

Set the calculation period for the mid-term MA. The default is set to "50".

4

Mid-term MA color

Set the color for the mid-term MA. The default is set to "Gold".

5

Long-term MA

Set the calculation period for the long-term MA. The default is set to "200".

6

Long-term MA color

Set the color for the long-term MA. The default is set to "Turquoise".

7

MA type

Select the type of MA to display.

・Simple:simple moving average
・Exponential:exponential moving average
・Smoothed:smoothed moving average
・Linear Weighted:linear weighted moving average

8

Applied price

Select the price to use for MA calculation.

・Close price
・Open price
・High price
・Low price
・Median price:(high price + low price) ÷2
・Typical price:(high price + low price + close price) ÷3
・Weighted price:(high price + low price + close price×2) ÷4

Notification settings

Number

Item name

Description

9

Pop-up notification

Select ON or OFF to receive pop-up notifications.

10

Email notification

Select ON or OFF to receive email notifications.

11

Push notification

Select ON or OFF to receive push notifications.

Overview
How to install

Date

Created

 : 2022.05.12

Update

Last updated

 : 2022.08.08


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