Download MetaTrader 5

Anybody know MT4 indicator w/ dots which go farther apart as trend kicks in?

To add comments, please log in or register
alpha1000
65
alpha1000  

- basically, if you are in a consolidaiton phase, the dots (which show up either under or over the candle) end up being kind of scrunched together -- a nice visual indication that you should not be in the market

- then, as a trend kicks in and the price climbs, the space between the dots on those candles widens, a confirmation that the trend is moving up (or down) ...

- then, when you see the dots narrowing again and scrunching together again, you know the trend is fizzling out and be looking to exit

- any info would be appreciated

-thanks

Nadeem
1864
Nadeem  

Thanks for the tip.

ICARU525
7
ICARU525  

are you asking what the indicator is called? if so it's parabolic SAR

t.i.e

icarus

amirwol
17
amirwol  

would u mind elaborating more on wat a parabolic SAR is? im sorry but i just started forex and im currently reading a book on japanese candlesticks

droesparky
753
droesparky  

Here is one that is in a seperate window that will do what you are asking for.

Files:
BB_MACD.mq4 5 kb
Paulus O
35
Paulus O  

New version I think

Files:
To add comments, please log in or register