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Otkatter x2 Free

The free version of the indicator - https://www.mql5.com/en/market/product/15594. Works only on the USDCAD pair.

The Otkatter x2 is an information indicator based on a non-standard Zig Zag. It calculates the average price movements in points and bars based on history data. And on the basis of its calculations, it predicts the potential length and duration of the trend, flat and correction movements, as well as the probability of breakout of the nearest minimum or maximum.


It calculates the following average values:

  • Strong BUY trend the duration and length of the strong BUY trend
  • Correction to strong BUY trend - the duration and length of the correction after a strong BUY trend
  • Frequency of strong BUY trends - the frequency of strong BUY trends occurrence among all movements
  • Medium BUY trend - the duration and the length of the medium BUY trend
  • Correction to medium BUY trend - the duration and length of the correction after a medium BUY trend
  • Frequency of medium BUY trends - the frequency of medium BUY trends occurrence among all movements
  • BUY flat - the duration and the length of the medium BUY flat (flat is a movement with rollback of 60% or more)
  • BUY flat correction - the duration and the length of the correction after a medium BUY flat (correction to the flat is more than 60% of the initial movement)
  • Frequency of BUY flats - the frequency of BUY flats occurrence among all movements
  • Probability of breaking nearest bottom - the probability of the nearest bottom breakout (and a possible reversal to sell)

  • Strong SELL trend the duration and length of the strong SELL trend
  • Correction to strong SELL trend - the duration and length of the correction after a strong SELL trend
  • Frequency of strong SELL trends - the frequency of strong SELL trends occurrence among all movements
  • Medium BUY trend the duration and the length of the medium SELL trend
  • Correction to medium SELL trend - the duration and length of the correction after a medium SELL trend
  • Frequency of medium SELL trends - the frequency of medium SELL trends occurrence among all movements
  • SELL flat - the duration and the length of the medium SELL flat (flat is a movement with rollback of 60% or more)
  • SELL flat correction - the duration and the length of the correction after a medium SELL flat (correction to the flat is more than 60% of the initial movement)
  • Frequency of SELL flats - the frequency of SELL flats occurrence among all movements
  • Probability of breaking nearest top - the probability of the nearest top breakout (and a possible reversal to buy)


Important Features

The Zig Zag used in the calculation of all data does not redraw, as it works at the closure of the candles.


Adjustable Parameters:

  • MinPoints - the minimum distance in points the price has to pass to start considering a new leg of the Zig Zag. The optimum value is 100 for 5-digit broker on a timeframe lower than Н1. For Н1 and higher, the optimum value is 200.
  • History - the bar period to calculate all values of price movements. The optimal value is 500-1000 bars.
  • paint_tp_sl - plot the potential areas of trend reversal/continuation.
  • showinfo - display all calculations on the lengths of the trend, flats and corrections.
  • showgrafics - if enabled - a beautiful graphic table will be displayed in the top left corner, if disabled - all calculations will be displayed as text
  • only_first_move - display the areas of trend reversal/continuation only for the last movement of the price (convenient, minimum screen space occupied)
Maksym Mudrakov
8449
2016.08.31 15:35 
 

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