multi time frame version directional breakout
could you make this to MTF?
Here is the multi time frame version of directional breakout : directional_breakout_mtf.mq4
Hi Mladen, could you add arrows please to this indicator?
Hi Mladen could you add alerts and arrows to this indicator?
Hi Jozy, added the arrows.
Jozy,, added alerts and arrows.
Thank you very much Mrtools.
Thank you again!
mrtools, This version is missing the zerocross alert and arrow feature. Thank you for updating it.
Hi Duke12, Mrtools or Mladen, what is this indicator based on? I wanted to understand how it is put together as I am working how best to use it. In the inputs tab there is only Price=0, Method=0 and length = 20. Is this it?
Simplest explanation is that it shows the relation of high and low to a moving average. If low is above moving, then it is a break up. If the high is lower than moving average, then the break is down. Otherwise it is neutral.
Here is a version where the choices and prices are not criptical but textual, so it is easier to see what are you actually setting in parameters : directional_breakout_mtf_2.mq4