Probably, this is the best consolidation box indicator with possibility of flexible settings according to the traiders requipments. Also, it is possible to embed indicatior in EA. Thank Alexey Mavrin for realization of technical task.
According to the classic technical analysis the price is in motion without a clear direction for almost 70% of the market time and methods of getting profit from flat should be in the arsenal of any trader.
Price consolidation- are periods of market equilibrium when supply and demand are approximately equal, and as a result price moves in a relatively narrow horizontal range. This indicator will help you to find consolidations on the price chart in manual mode and also it can allow to create automatic and semi-automatical strategies based on consolidation boxes.
|Parameter ||Description |
|BoxLength ||parameter responsible for the number of candles in the consolidation box. IF BoxLength=10, indicator will find consolidations with nore then 10 candles |
|BoxTimeFrame ||box timeframe |
|BoxRange ||box height in pips |
|DaysBack ||search for consolidation boxes for the specified number of days |
|RangeDelta ||The parameter is associated with the BoxRange parameter, if BoxRange=100, RangeDelta=25, the indicator will search boxes from 75 to 125 pips |
|Falsebreakout ||parameter responsible for micro-breakdowns of consolidation boxes |
|Rebound ||the parameter is responsible for the bounces from the minimum and maximum as a percentage of the box height |
|BreakoutBoxColor ||consolidation box color |
|Draw_arrow true/false ||show / do not show pivotal minimum and maximum |
When switching timeframes, rebuilding of the consolidation boxes is possible. There are 3 buffers for embedding into the Expert Advisor, from which you can take data for further processing and analysis: box height, box bottom border, box top border.
If there will be suggestions for improving the algorithm, please write, we will think about it, finish it! If you are looking for a reliable broker, and also want to quickly select by instruments and spreads, there is a good selection of top companies, here is the link of TOP brokers.
Benefits Adaptability; No input parameters; Predictive models are included in the algorithm; Works on all markets and instruments. Operation Principle The indicator is trend following. First, the indicator analyzes instrument's historical data over sliding windows, calculates values of main variables, determines coefficient. Further, it analyses current market situation and confirms previous trend, or gives out a signal of the trend reversal. Scaling coefficients allow to switch to any available
The indicator allows you to trade binary options. The recommended time frame is М1 and the expiration time is 1,2,3 minutes. The indicator suitable for auto and manual trading. A possible signal is specified as a arrows above/under a candle. You should wait until the candle closes! Arrows are not re-painted Trade sessions: TOKYO section (Half-end) Currency pairs: USD/JPY Working time frame: M1 Expiration time: 1,2,3 minutes. The indicator also shows good results when using the martingale strateg
Indicator for binary options arrow is easy to use and does not require configuration works on all currency pairs, cryptocurrencies buy signal blue up arrow sell signal red down arrow tips do not trade during news and 15-30 minutes before their release, as the market is too volatile and there is a lot of noise it is worth entering trades one or two candles from the current period (recommended for 1 candle) timeframe up to m 15 recommended money management fixed lot or fixed percentage of the depo
Rainbow MT4 is a very simple indicator based on Moving average with period 34 and can be very useful. When price crosses above MA and MA changes color to green, it’s a signal to buy. When price crosses below MA and MA changes color to red, it’s a signal to sell. An Expert advisor ( Rainbow EA MT4) based on Rainbow MT4 indicator, as you can see in the short video below is now available on my product page .
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