Hi are you talk about new indicator or you had one and you need changes?
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Hi all
I have good strategy and I would like to explain it on this forum, but it needs an indicator to simplify things.
Without that indicator it will require very fast calculations, I will explain what kind of indicator we need , I belive it's easy to reprogram it on MT4, I will be greatful if someone can help.
I promise to explain the strategy in a simple way as it needs discipline and applying every word without involving any feelings.
Indicator requirments:
Frame of 1H, Candlestick type
The indicator has to show two things ?!
use the following two equasion
the magic number = the difference between the high and the low and it should be shown below each candle
the second one is
the power = ( ( | open - close | ) - ( | high - low | ) ) * 100 in terms of percentage like 60%, 70% 86% etc. and it should be shown below the magic number
so we can see two numbers and it's preferable if magic number has different color than the power
I am looking after your reply specialist. I hope it's easy to reprogram this indicator
the strategy would be explained in a divided levels and all levels are very important
MD
thanks