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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Ottaviano De Cicco
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Azimuth Pro V2: Synthetic Fractal Structure and Confirmed Entries for MT5 Overview Azimuth Pro is a multi-level swing structure indicator by Merkava Labs . Four nested swing layers, swing-anchored VWAP, ABC pattern detection, three-timeframe structural filtering, and closed-bar confirmed entries — one chart, one workflow from micro-swings to macro-cycles. This is not a blind signal product. It is a structure-first workflow for traders who care about location, context, and timing. ️ Summer Sale
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Vasiliy Strukov
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Gold Stuff mt5 is a trend indicator designed specifically for gold and can also be used on any financial instrument. The indicator does not redraw and does not lag. Recommended time frame H1. Contact me immediately after the purchase to get   personal bonus!  You can get a free copy of our Strong Support and Trend Scanner indicator, please pm. me! Settings  and manual   here  Please note that I do not sell my EA's or special sets on telegram, it is only available on Mql5 and my set files are on
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Looks for strong price movements and draws levels upon their completion. You determine the strength of the movement yourself by specifying in the settings the number of points and the number of candles of the same color in a row in one direction. There are 2 types of building in the settings: extrenum - high / low close - close price You can also adjust the number of displayed levels and the number of candles for calculations. By default, the settings indicate 5 levels for 360 candles. That
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Nikolay Mitrofanov
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The indicator highlights in color the places on the chart where the price moves in one direction continuously from the selected number of candles. You can specify the number of points from the beginning of the movement to select only movements from this amount. It can be useful for looking for reversals or sharp impulses. I also recommend purchasing this utility to determine local weekly / monthly trends and support and resistance lines. https://www.mql5.com/en/market/product/61401
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Draws trend lines from the high and / or low values ​​of the week. The color and thickness of the levels are customizable. All trend lines can be edited. Suitable levels of the past can be renamed and other properties changed. Levels are re-read only on the H1 timeframe once an hour. ...
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The indicator draws a colored histogram from comparisons of the strengths of bulls and bears. It works like this: The values ​​of two indicators Bears and Bulls are taken, who is stronger on the candlestick is compared, the column is filled in. It's all. .
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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
18300
Reply from developer Nikolay Mitrofanov 2021.05.24 18:49
Ok
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