Trend histogram Mefistofel

Calculates pivot levels.

It paints the histogram depending on the location of prices relative to these levels.


Parameter values:
  1. style - select the type of display (Histogram, Line, Arrow)
  2. price - price, has little effect on the final look, but this can be customized
  3. timeframe - select a timeframe for calculating levels.
  4. color over pivot line - color of everything above the pivot level
  5. color under pivot line - color of everything below the pivot level
  6. pivot line intersection color - the color when the body of the candlestick crosses the center line
  7. color of resistance level breakout - color when the upper shadow of the candlestick crosses any level
  8. color of support level breakout - the color when the lower shadow of the candlestick crosses any level
  9. two lines intersection color - the color when two shadws crosses levels
  10. boost the result with tick volumes - multiplies the calculation result by the number of ticks of the candle

A choice of level options.

  • MN1
  • W1
  • D1
  • H12 
  • H8 
  • H6 
  • H4  
  • H3
  • H2
  • H1
If the indicator value is near 0, then the price has approached the potential level of reversal or rebound.


Formulas: 


Pivot = (high + close + low) / 3
R1 = (2 * Pivot) - low
S1 = (2 * Pivot) - high
R2 = Pivot + (R1 -S1)
R3 = high + (2 * (Pivot - low))
S2 = Pivot - (R1 - S1)
S3 = low - (2 * (high - Pivot))
The horizontal lines in the graph screenshots are shown for clarity. The indicator values ​​are calculated from these lines.

To draw these lines, this utility was used: https://www.mql5.com/en/market/product/63805
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MERAVITH provides complete liquidity map of the analyzed market. Hedge funds tool. It performs all calculations automatically using a proprietary volume-weighted average price methodology, eliminating subjective interpretation entirely. Meravith will: Analyze all timeframes and display the current trend in force. Highlight liquidity zones (volume equilibrium) where bullish and bearish volumes are equal. Display all liquidity levels across different timeframes directly on your chart. Generate an
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The indicator uses moving average reversal values ​​on all selected timeframes to plot levels where the moving average has reversed, which can be considered support or resistance levels, as well as trend change signals on the timeframe of the newly drawn line. The moving average is passed through the RSI indicator. The line colors are customizable and, by default, indicate the following: 1. Purple - the moving average has changed direction downwards. 2. Gold - the moving average has changed di
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The indicator draws a normal chart by coloring it in colors based on prices calculated by the Heiken Ashi indicator algorithm. That is, the shape of the candles does not change. In fact, this is the same Heiken Ashi that does not distort the price chart. Then there will be a drawing of a cat, because there is nothing more to write about the indicator. . 　　　　　　　 　　　　　 　 　　　 　 　 　 　　　　　　 　　　　 　　　　 　　　　 　　　 　　
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The indicator draws horizontal lines based on the RSI indicator's overbought and oversold levels. The closing prices of the bar are selected when it exits the overbought zone or when the RSI indicator first crosses the 50% line. For more information, you can enable the display of RSI values ​​for the most recently closed bars in the upper left corner. It also displays information about whether the RSI indicators are in the overbought or oversold zone. All timeframes are available. Can be enable
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Alexandre Sousa Bezerra
4287
Alexandre Sousa Bezerra 2021.10.31 15:29 
 

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ThorstenKock
2584
ThorstenKock 2021.05.24 18:40 
 

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Nikolay Mitrofanov
17993
Reply from developer Nikolay Mitrofanov 2021.05.24 18:49
Ok
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