It is a simple indicator that consists of four trend lines that show the distance between the trend line and the price via the numbers and that give the signals when the price goes for the specified number of points.
Simple Indicator that Shows MA Moving Direction on All Timeframes Simultaneously:
The different colored snippets of MA are shown on the current chart depending on the direction of the MA moving at on the chosen timeframes, or theyre not drawn at all if the moving on the chosen timeframes is...
Judging by the code of indicator, it calculates the difference between the maximum maximums and minimum minimums of prices of the candlesticks for the last 20 bars (parameter). The result is displayed in points.
Author: John Smith
The EA is based on the permanent variation of the direction of the trades depending on the TakeProfit, StopLoss and TrailingStop levels. It demonstrates how to create a profitable trading system without any indicators, mathematical models and other wisdom
MTrendLine is Very Convenient Autoregulator of Pendings in Reference to the Trend Lines:
You often have to move the pending order every hour in reference to the trend line and it embarasses you concerning your time. Thats why this EA (semi-automated) was developed, it totally relieves from tracking...