Indicators: NxBars

 

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.