Indicators: NxBars

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NxBars:

A semaphore signal indicator with a prediction. The newest signal appears on the bar distanced from the current bar. The distance is defined by an input parameter 

input uint  HowManyBars=5; // number of bars for analysis

Figure 1. The NxBars indicator

Author: Nikolay Kositsin

 

Thank you very much for you indicator. 

How do you determine the best setting for HowManyBars?

Is anybody else using this indicator? Thanks.  

 
Is it redrawing?
 
Or is it fixed when the candle closes?
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