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Thermometer of Market

 Measure the temperature of the market  Like a thermometer .The function of this indicator is to measure the temperature of the market ,it is  just like that using a thermometer to measuring water temperature, directly  to show where the market is running and where it is likely to reach.


  • Pivot Point is a resistance and support system. It has been widely used at froex,stocks, futures, treasury bonds and indexes. It is an effective support resistance analysis system.
  • Average True Range(ATR) is used to measure the volatility of market prices. ATR  represents the actual situation of the market in the past period of time, and in many cases reflects the energy of the recent market.

  • Mraket has  its own rules,sometimes the market is very gentle, sometimes is very strong waves.  Based on Pivot Point and ATR, we can predict the where the market is most likely to go and where it is most likely to back.


This indicator provide  two algorithms, Pivot Point and ATR, you can switch between the two algorithms at any time.


Pivot Point

  • Support Levels
  • P=(LastClose+LastHigh+LastLow)/3;

  • S1=2*P-LastHigh;
  • S2=P-(LastHigh-LastLow);
  • S3=(2*P)-((2*LastHigh)-LastLow);
  • Resistance Levels

  • R1=2*P-LastLow;
  • R2=P+(LastHigh-LastLow);
  • R3=(2*P)+(LastHigh-(2*LastLow));
   the defaut is yersterday's prices, and  there have a modified interface to set any price you need.

ATR:
  The ATR value takes yesterday's value and the chart period is D1. it is represents recent market volatility. 
by the input argument, can set the period of ATR.

User Inputs

  • ATR Period   - set here the Average True Range period ,  it can be 1,2,3..14. .
  • Ratio of ATR to Alert - set here the ratio you want to show in the monitor,default is 0.5, more than 0,and not greater than 2
  • X Distance  - set here the x distance.
  • Y Distance   - set here the y distance.
  • Thermometer Height   - set here the Thermometer height.
  • Thermometer Width    - set here the Thermometer width.
  • Thermometer0 color   - set here the color.
  • Thermometer1 color   - set here the color.
  • Font color1   - set here the color.
  • Font color2   - set here the color.


Notice:
  Sometimes, the base data for this indicator cannot  load immediately and correctly ,when you first load it on a chart.
  If this happens, change the period of current chart to give the indicator an opportunity to update,it will know to refresh it's base data again.



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Young Ho Seo
Breakout Trading and then Recommend for Turning Fractal Pattern Scanner will do the complicated calculation at background. However, it provides simple trading operation. The Mother Wave pattern will provide you breakout trading opportunity. When the price crosses the breakout line, there is a good chance to catch profit from this breakout. The good thing is that it also provides the potential reversal price level as soon as the breakout pattern is detected. In summary, you use breakout for the
220 USD
Scalper Inside PRO
Alexey Minkov
Scalper Inside PRO is an innovative product that uses the exclusive Next-Generation Trend Detection Algorithm (NG TDA) to determine the trend fast and accurately. Scalper Inside PRO is an indicator that will automatically determine the exact time of opening and closing positions and calculate detailed statistics to select the best trading instrument for your trade. Also, you can connect custom indicators to check and calculate their statistics and profitability. Scalper Inside PRO Manual (PDF):
109 USD
MonsterDash Harmonic Indicator
Paul Geirnaerdt
MonsterDash Harmonic Indicator is a harmonic pattern dashboard. It recognizes all major patterns. MonsterDash is a dashboard that displays all detected patterns for all symbols and (almost) all timeframes in sortable and scrollable format. Users can add their own user defined patterns . MonsterDash can open and update charts with the pattern found. Settings MonsterDash's default settings are good enough most of the time. Feel free to fine tune them to your needs. The color settings are for tho
139 USD
Quants Forex Zones
Ferhat Mutlu
ONLY 1000 COPIES WILL BE SOLD AT TOTAL. AFTER EACH BUYER PRICE GETS INCREASED BY 1 $ ITS MULTIPAIR AND MULTI TIMEFRAME SUPPORT RESISTANCE DASHBOARD. IT CAN BE TESTED ONLY LIVE. Please once you purchase contact with me through mql5. So we can make sure dashboard working correctly on your platform. Nested Forex Zones are designed to fetch all key levels in one chart to find bounce and breakout areas. Everything you can imagine are fetched from multi-timeframe in to one dashboard to spot ne
230 USD
Naked Forex Big Shadow
Renaud Candel
Big Shadow Indicator is a pattern recognition indicator for Forex and Binary Options. The Big Shadow is an enhanced pattern of the popular engulfing candle. The Big Shadow pattern is very effective and is very simple to trade. The strategy that comes with the Big Shadow is purely based on price action. Inputs of the indicator are : Distance: distance in pixel relative to top or bottom of candle to display the arrow symbol UseAlerts (true/false): to enable alerts PopAlerts (true/false): to enable
147 USD
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Versión 1.5 2020.05.13
eidt some bugs
Versión 1.4 2019.07.08
add pivot point algorithm
Versión 1.3 2019.07.05

add arguments width to set thermometer width
Versión 1.2 2019.07.05
highlight the close price
Versión 1.1 2019.07.05
can set Thermometer Height