Watch how to download trading robots for free
Find us on Facebook!
Join our fan page
Join our fan page
You liked the script? Try it in the MetaTrader 5 terminal
- Views:
- 23709
- Rating:
- Published:
- 2016.03.25 15:07
-
Need a robot or indicator based on this code? Order it on Freelance Go to Freelance
Author: hawt and PUMBA
The DJ Lines belongs to the Pivot group. All similar indicators operate on the principle - «Based on the values of the previous day (days) it is possible to calculate a point, passing which would mean a change in the trend».
This indicator attempted to emulate the DowJones levels.

The DJ Lines belongs to the Pivot group. All similar indicators operate on the principle - «Based on the values of the previous day (days) it is possible to calculate a point, passing which would mean a change in the trend».
This indicator attempted to emulate the DowJones levels.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/7173

One of the new tendencies in trading is digital indicators.

If you like plotting channels, I recommend plotting them yourself. This is particularly true for the slope channels. However, if you use channels merely as filters or simply like to set alerts on these levels, then the indicator will be useful.

A more advanced patterns analyzer. In addition, it generates a signal.

Displays the type of candlestick or small pattern in accordance with the general setting.