I thought it was volume profile. Do you know any volume profile available for MT4
which looks like this
Not strictly for this thread because I know the ADX very well, & use it in my trading.
But...........can anyone explain what the other two squiggle lines are !!
I don't have the compiled version, but if anyone knows what the lines represent, I would be grateful for enlightenment.
And should someone have the compiled version I would be grateful if they would share it.
Many thanks in advance.
It is mixing up adx from multiple time frames
ADX from multiple time frames - except that it uses ADX from lower time frame too - incorrect
could someone please help me identify the indicators on the main chart ?
-the "small" one (SteelBlue/Maroon?)
-the "fat" one (DeepSkyBlue/Magenta) seems mtf of ?
thanks in advance
Derfel, the blue/pink line sort of looks like Trend Laser, but I can't be sure.
If anyone can identify the indicator in the image below I would be really grateful (it generates the arrows and the channel). I downloaded it from DolphinTrader.com and the only information on the info panel for it is 'mladen' which lead me to this forum. I would hate to use something when I don't know how it actually works.
That is centered TMA channel without the center line
You can find it here : https://www.mql5.com/en/forum/181241
That explains the channel, but I have downloaded the TMA channel indicators and they don't give arrows so I am unsure how they are generated. Did you think you coded this actual indicator or has somebody modified it?
There are multiple versions. One here (for example) : https://www.mql5.com/en/forum/181241/page6
But please read the first page of that thread : centered TMA recalculates (repaints)
Thank you mladen, it must have been modified then to get the arrows.