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Stairs Levels

The «Stairs Levels» indicator plots a line at regular time intervals. At that, there is a visualization effect of the most probable continuation of the price movement. That is:

  • if the quotes have accumulated mainly below a stair, then an upward movement of the quotes is expected;
  • if the quotes have accumulated mainly above a stair, then a downward movement of the quotes is expected.

The indicator can be used on any timeframe and any currency pairs.

The indicator settings:

  • Calc_Period – parameter for setting the calculation period
  • CLR_Lvl – color to display the indicator line
  • Calc_History – parameter for setting the calculation period (for example, 1000). Increasing the parameter allows to analyze a larger segment of the history data to apply the strategy. During the practical application of the indicator, the parameter should be decreased to the recommended value, in order to free up the computer resources.

This is the first version of the indicator. All suggestions and responses will be considered. Feel free to write comments.

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Version 1.1 - 2016.12.30
Added parameter that allows to change the depth of the history data calculated by the indicator
◾Calc_History – parameter for setting the calculation period (for example, 1000)
If this parameter is increased, it is possible to see a larger segment of the history data to apply the strategy. During the practical application of the indicator, the parameter should be decreased to the recommended value, in order to free up the computer resources.