Market Way

Market Way


The idea of this indicator is old, but not so much that we can say that is as old as forex:) The reason that the differences in the costs of opening and closing appeared only with …

This indicator summarizes the difference of opening and closing for a certain period of time, the main line, +

– Sums only bear bars;

– Sums up the only bull bars,

and also added a weighted average of the total period.


  • – Combines (important!) The possibility of an oscillator and the trend indicator;
  • – Easy to understanding and interpretation;
  • – Good points to upward or downward movement;
  • – Points to the bull and / or bearish pressure, the estimated amount of motion (important!) In points, which can play a significant role in the installation stops and profits.
  • – Indicates the presence of lateral movement, and its strength (high or low volatile).
  • – Indicates the point of overbought / oversold levels.
  • – Clearly indicates the wave function of the price movement and the possibility of rendering the levels of divergence / convergence.
  • – Allows you to decide on the future behavior of prices and (important!) To enter the market, using the (important!) Only this indicator;
  • – Works well with the data of any timeframe, as well as with the data other than forex, markets;
  • – Without additional smoothing filters out false signals the breakdown cost SMA with the same period


  • – Must always be a settlement period, which naturally decreases the accuracy of the analyzed data sample size (the main problem of all, including and this indicator);
  • – Poorly studied all the possibilities of this indicator

Recommended parameters:

extern int IdMain =12; // the main line (drawn on the chart points) of the indicator, it is better (but not necessarily) if it is always between bullish and bearish lines, so Pick up the parameters accordingly.
extern int IdBull = 12; / / line of bull, it is better if its value is equal to the bear and the main line
extern int IdBear = 12; / / a bear line, it is better if its value is equal to the bovine line and the main
extern int IdArray = 12; / / all sma line – the value of smoothing of all the lines on the graph, or so-called The SIGNAL lines.

Presented on the display is a histogram displaying the difference bullish line (white bars) and the SMA and the bear line (black bars) and the SMA. More information is written inside the code indicator. Recommended settings are multiples of 12, as well as options to those numbers which are divided at the same time on 3 and 4, the maximum 108, minimum 12, possibly 9 and 7. These assumptions relate to studies of other work, so it is only a number.


MT4 Indicators – Download Instructions

Market Way is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.

Market Way provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

How to install Market Way.mq4?

  • Download Market Way.mq4
  • Copy Market Way.mq4 to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
  • Right click on Market Way.mq4
  • Attach to a chart
  • Modify settings or press ok
  • Indicator Market Way.mq4 is available on your Chart

How to remove Market Way.mq4 from your Metatrader 4 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

Download Metatrader 4 Trading Platform:

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MT4 Indicators Download here: Market Way