Stairs Levels Mt5
The Stairs Levels indicator draws lines at regular time intervals. The indicator also visualizes the most probable price movement continuation. Explanation:
- if quotes are accumulated mainly under the stairs, an upward price movement should be expected;
- if quotes are accumulated mainly on the stairs, a downward price movement should be expected;
The indicator can be used on any time frames and currency pairs.
- Calc_Period – calculation step, (e.g. 40)
- Calc_History – calculation period (e.g. 1000)
- CLR_Lvl – the color of the indicator line
This is the first version of the indicator. We will consider all suggestions and responses. Please write comments.