try this
better on higher times 1 hour up
the ZLE does the dots and alert
it feeds off zerolagstochs_e so to use that you need both
to run the alerts
I also use it on 30 min charts to give me overall swings
its pretty accurate
Files:
zerolagstochs_e.mq4
4 kb
zle_e_signals.mq4
4 kb
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Hi guys,
A friend and I have identified a formation on the daily charts that seems to have a very high probability of identifying reversals. The visual backtests are pretty difficult due to the nature of trying to pinpoint the formation much less being able to trade it.
So anyways, I know that this board has alot of talented MT4 coders. If anyone would be interested in helping me develop this indicator, please PM me so that we can create it and perform more backtests. If then results then do seem in line with our experience, would have no problems in sharing this with everyone here. But if it isn't as expected, don't want to get everyone excited either.
Any takers? Let me know, thanks.