Bloc Convergence Min Max


The block of bars is collected under condition of convergence. If the convergence conditions are not met, the block is deleted. More precisely, the condition is the transition of the block of bars from the state of convergence to the state of divergence. Blocks are formed selectively with gaps. Gaps are characterized by the state of divergence of bars.

 

Before removing the block, we find the extreme bars inside the block  (min, max). The line connects the extreme bars. The line is drawn only before the block is deleted!

Observation. Sometimes the indicator lines are superimposed on the ZigZag indicator. Quite often they form their own zigzag.

To determine the convergence value, see here, the directions and the price forces in the block, see here.

Indicator for divergence conditions, see here.

The indicator has no settings.


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Technical indicator that structures charts and identifies cyclical price movements. Can work on any charts. Several types of alerts. There are additional arrows on the chart itself. Without redrawing on history, works on closing a candle. Recommended TF from M5 and higher. Easy to use and configure parameters. When using 2 indicators with different parameters, you can use without other indicators. Has 2 input parameters Cyclicality and Signal duration These 2 parameters work with the processin
Fibonacci Confluence Toolkit MT4 Multi Timeframe
Duc Hoan Nguyen
5 (1)
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Special offer : ALL TOOLS , just $35 each! New tools   will be   $30   for the   first week   or the   first 3 purchases !  Trading Tools Channel on MQL5 : Join my MQL5 channel to update the latest news from me The Fibonacci Confluence Toolkit Multi-Timeframe is an advanced technical analysis tool designed for professional traders, helping to identify potential price reversal zones by combining key market signals and patterns. With multi-timeframe display capabilities through the Timeframe Sele
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The block of bars is collected under condition of divergence . If the divergence conditions are not met, the block is deleted. More precisely, the condition is the transition of the block of bars from the state of divergence to the state of convergence . Blocks are formed selectively with gaps. Gaps are characterized by the state of convergence of bars.   Before removing the block, we find the extreme bars inside the block   (min, max). The line connects the extreme bars. The line is drawn only
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The block of bars is collected under condition of convergence . If the convergence conditions are not met, the block is deleted. More precisely, the condition is the transition of the block of bars from the state of convergence to the state of divergence . Blocks are formed selectively with gaps. Gaps are characterized by the state of divergence of bars. The indicator shows the convergence value . If the indicator is below zero, the block is not formed and the bars are skipped. If the indicator
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The block of bars is collected under condition of convergence . If the convergence conditions are not met, the block is deleted. More precisely, the condition is the transition of the block of bars from the state of convergence to the state of divergence . Blocks are formed selectively with gaps. Gaps are characterized by the state of divergence of bars. The indicator shows the value and direction of the price in the convergence block . To determine the convergence value, see here , the line of
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The block of bars is collected under condition of divergence . If the divergence conditions are not met, the block is deleted. More precisely, the condition is the transition of the block of bars from the state of divergence to the state of convergence . Blocks are formed selectively with gaps. Gaps are characterized by the state of convergence of bars. The indicator shows the di vergence value . If the indicator is higher zero, the block is not formed and the bars are skipped. If the indicator
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The block of bars is collected under condition of divergence . If the divergence conditions are not met, the block is deleted. More precisely, the condition is the transition of the block of bars from the state of divergence to the state of convergence . Blocks are formed selectively with gaps. Gaps are characterized by the state of convergence of bars. The indicator shows the value and direction of the price in the divergence block . To determine the divergence value, see here , the line of ext
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