Hello kind developers
I wanna an indicator based on chuvashov angleMT4&MT5
Draw 2 lines
Line up: drawn on highs of candles of
previous fractal up(2) to current fractal up close(4)
and
Previous fractal>last fractal close
Line down: drawn on low of candles of
previous fractal down(1) to current fractal down close(3)
Previous fractal<last fractal close
If the price break the up line and close
or
If the price break the low line and close
Draw:
Line: Closing candle that breaks
Input: Multiplier 1
Horizontal line Probable Take Profit:
Since the break of the upper or lower line.distance between the high of candle of previous fractal up (2)
and the low of candle previous fratal down (1) X Multiplier 1
Input: Multiplier 2
Horizontal line Probable Take Profit2:
Since the break of the upper or lower line.distance between the high of candle of previous fractal up (2)
and the low of candle previous fratal down (1)x Multiplier 2
Horizontal line Probable Stop loss:
High of candle of last fractal up close for sells
Low of candle of last fractal down close for sells
Name of objects:
Line up= Line Up
Line down= Line Down
CC= Closing candle that breaks
Probable take profit horizontal line= PT
Probable stop loss horizontal line= SL
Output:
-Candle closing price that breaks the upper or lower line-CC
-PT line price
-SL line price
Distance on pips to candle close break to PT
name=P
Distance on pips to candle close break to SL
name=S
P/S=Factor Profit
name = PF
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