Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Plotting 13-13 Wilders Moving Average Channel Offset Trading System in Metatrader

1 min read

Plotting 13-13 Wilders Moving Average Channel offset trading system in Metatrader using All Moving Average v2.2 MQL4 code

 
1)Download the All Moving Average MQL4 code which is used to plot any sort of moving average
2)Save the Indicator into c:program filesmetatrader4expertsindicator and compile the indicator
3)Refer the parameter guidelines to plot any sort of moving average

List of MAs:
MA_Method= 0: SMA – Simple Moving Average
MA_Method= 1: EMA – Exponential Moving Average
MA_Method= 2: Wilder – Wilder Exponential Moving Average
MA_Method= 3: LWMA – Linear Weighted Moving Average
MA_Method= 4: SineWMA – Sine Weighted Moving Average
MA_Method= 5: TriMA – Triangular Moving Average
MA_Method= 6: LSMA – Least Square Moving Average (or EPMA, Linear Regression Line)
MA_Method= 7: SMMA – Smoothed Moving Average
MA_Method= 8: HMA – Hull Moving Average by Alan Hull
MA_Method= 9: ZeroLagEMA – Zero-Lag Exponential Moving Average
MA_Method=10: DEMA – Double Exponential Moving Average by Patrick Mulloy
MA_Method=11: T3 – T3 by T.Tillson
MA_Method=12: ITrend – Instantaneous Trendline by J.Ehlers
MA_Method=13: Median – Moving Median
MA_Method=14: GeoMean – Geometric Mean
MA_Method=15: REMA – Regularized EMA by Chris Satchwell
MA_Method=16: ILRS – Integral of Linear Regression Slope
MA_Method=17: IE/2 – Combination of LSMA and ILRS
MA_Method=18: TriMAgen – Triangular Moving Average generalized by J.Ehlers
MA_Method=19: VWMA – Volume Weighted Moving Average

List of Prices:

Price = 0 – Close
Price = 1 – Open
Price = 2 – High
Price = 3 – Low
Price = 4 – Median Price = (High+Low)/2
Price = 5 – Typical Price = (High+Low+Close)/3
Price = 6 – Weighted Close = (High+Low+Close*2)/4
Price = 7 – Heiken Ashi Close
Price = 8 – Heiken Ashi Open
Price = 9 – Heiken Ashi High
Price =10 – Heiken Ashi Low

4)Now we need to create the lower and upper high-low channel with offset =13 and Wilders MA period =13

Parameter Setting for All Moving Average v2.2

Settings to plot upper channel – Choosen color red

Settings to plot lower channel – Choosen color yellow

Now the 13-13 Wilders moving average Channel Offset is plotted for the USDINR chart as shown below

To Interpret the chart the rules are given below

Buy and Sell Rules are Simple
1)Buy if the candle closes above the upper channel
2)Sell if the candle closes below the lower channel
3)Trailing stop loss is Lower Channel Value in case of Buy Signal and Upper Channel value in case of Sell signal

USD INR Charts giving sell signal as it closes below the lower channel

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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9 Replies to “Plotting 13-13 Wilders Moving Average Channel Offset Trading System…”

  1. excellent ji. Is this use for intraday time frame? or eod? how to use nakshtra signal in meta pls provide ji

  2. I want help from Rajandran R
    I have downloaded BROCO METATRADE 5 installed in VIEW seen market watch clicked in the middle of the left side seen symbols but now CFD METALS and WORLD INDICES1 are not being seen what to do now
    I am using Windows vista HB
    Thanks a lot in advance
    Pradeep

  3. hi, nice to see my favourite trading system in metatrader, just one thing – how can we use this in broco metatrader 5, as its using mql5 editor…pls. post mql5 which is required in broco meta (if possible)

  4. Hi Dear Rajendran
    MQL 5 days high low breakout indicator work well in MT.4 & MT.5. Is there any way to use it in metastock or can we draw same formula which may be applicable in metastock price charts?
    awaiting you reply

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