Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2016.03.25 13:49
Indicators

FloatPivot - indicator for MetaTrader 4

| English Español Русский 中文 Deutsch 日本語 Português

Views:
4968
Rating:
votes: 5
FP.mq4 (2.49 KB)view

The substantial difference from the known indicators of probable channels is that it plots an estimated channel, and not the actual based on history. It is good for displaying the breakouts and rebounds. To improve the display, it incorporates a small smoothing by averaging the close price used in calculations. The indicator period depends on the used timeframe, but it is recommended not to lower it.


Possible uses:

  1. Trading the rebound from the channel boundary or the reference center after a long movement of the price between the reference center and the upper of the lower boundary;
  2. Opening positions during breakouts of the outer boundaries of the channel.

Currently, the possible operation modes are being checked.

FloatPivot

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/7077

Comment2 Comment2

The Comment2 library expands the capabilities of the standard Comment function for comment output.

WATR trend indicator, simple but clear WATR trend indicator, simple but clear

A simple trend indicator that clearly shows the direction of the current trend. It can be used in the breakout trading systems.

TimeLib by BabyBear TimeLib by BabyBear

Additional functions for working with the datetime variables.

OsMACD OsMACD

The OsMACD indicator is a combination of the colored Moving Average of Oscillator(OsMA) and Moving Average Convergence/Divergence(MACD) indicators.