Td
An other indicator from the same russian author.
But I did not see any russian language in the code.
No any language. Just mql4 only.
Well-known TD indicator.
Looks like trading system.
In russian language.
Will translate if somebody is interesting.
How should be used this indicator?
Thank you
I translated this indicator to English language.
It is Tom Demark points and trend lines. It is predictive indicator and seems to be a trading system. Demark trading system.
The settings are the following:
- Commen, if true we will see the comments in the up left side of the chart;
- TD, if true we will see the TD points;
- TrendLine, if true we will see the Trend lines;
- HorizontLine, of true we will see the current value of TD lines by horizontal line in the chart;
- ShowingSteps, value is from 1 to 3. It is predictive steps. Try change this value from 0 to 2 or 3 and see what that is (how many TD lines should be simulteniously on the chart);
- TakeProf, if true we will see the Targets;
- BackSteps, changing all the lines and points on the step back (value=bar);
- FractalAsTD, if true we will see the Williams fractals instead of TD points.
This indicator is very clever. I may say that some people are making up the forex weekly/daily analysis explaining that next target in the next week ... because of the very strong support line ... if ... and if the news ... and so on. But if we look on the pictures accompaning the text we may see the TD lines etc. Some of them are using this indicator.
As to EA based on this indicator so I did not see any for MT4.
Some people say that the good reason is to make EA based on the ShowingStep 1 only. But it is still the idea.
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TD_Points&Line_Auto
Very interesting indicator.
In russian language.
Tom Demark Auto Points and Line
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