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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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Por supuesto, aquí tienes la traducción al español: Presentamos el Indicador de Astronomía para MT4: Tu Compañero Celestial Definitivo en el Trading ¿Estás listo para elevar tu experiencia de trading a alturas celestiales? No busques más allá de nuestro revolucionario Indicador de Astronomía para MT4. Esta innovadora herramienta trasciende los indicadores de trading tradicionales, aprovechando el poder de algoritmos complejos para proporcionarte una visión astronómica sin igual y cálculos de pre
The indicator of a Professional Trader is an arrow indicator for predicting the direction of price movement. I have been working on this indicator since 2014. You can use this indicator as your main indicator, use its entry signals, and use it as your only indicator to find entry points. About the product: Recommended TF [H4-D1-W1]   . The indicator predicts the direction of the next candle. Fits a variety of tools; Flexibility in settings for different instruments and intervals through the
Shepherd Harmonic Pattern
Abdullah Alrai
4.68 (59)
Este indicador detectará patrones armónicos que se dibujen en el gráfico mediante métodos manuales y automáticos. Puede consultar el manual del usuario en el siguiente enlace: Agregue su opinión y contáctenos para obtenerlo Existe una versión gratuita para probar este producto en mt4. Puede utilizarlo para detectar patrones de Gartley y Nenstar: https://www.mql5.com/en/market/product/30181 Puede comprar la versión completa de MT4 en: https://www.mql5.com/en/market/product/15212 Notas El indicad
Backtesting Simulator MT4
Diego Arribas Lopez
3.5 (2)
[ MT5 Version ] Backtesting Simulator Are you tired of spending months on demo or live accounts to test your trading strategies? The Backtesting Simulator is the ultimate tool designed to elevate your backtesting experience to new heights. Utilizing Metatrader historical symbol information, it offers an unparalleled simulation of real market conditions. Take control of your testing speed, test ideas quickly or at a slower pace, and witness remarkable improvements in your testing performance. For
Introduction to Fractal Pattern Scanner Fractal Indicator refers to the technical indicator that makes use of the fractal geometry found in the financial market. Fractal Pattern Scanner is the advanced Fractal Indicator that brings the latest trading technology after the extensive research and development work in the fractal geometry in the financial market. The most important feature in Fractal Pattern Scanner is the ability to measure the turning point probability as well as the trend probabi
ECM Channel MT4
Paulo Rocha
5 (1)
ECM Elite Channel is a volatility-based indicator, developed with a specific time algorithm, which consists of finding possible corrections in the market. This indicator shows two outer lines, an inner line (retracement line) and an arrow sign, where the channel theory is to help identify overbought and oversold conditions in the market. The market price will generally fall between the boundaries of the channel. If prices touch or move outside the channel, it's a trading opportunity. The
Full Forex Market View Dashboard
Opengates Success International
5 (2)
VISTA COMPLETA DEL MERCADO FOREX Indicador del tablero Este es un indicador personalizado creado para brindar a los comerciantes una visión completa de lo que está sucediendo en el mercado. Utiliza datos en tiempo real para acceder al mercado y mostrar toda la información necesaria para realizar transacciones exitosas. INSTALACIÓN: Antes de adjuntar este indicador a su gráfico de ventana, vaya al panel Market Watch de su MT4 y OCULTE todos los pares de divisas que no necesita ni opere y
Otros productos de este autor
Support and Resistance is a very important reference for trading.  This indicator provides customized support and resistance levels, automatic draw line and play music functions.  In addition to the custom RS, the default RS includes Pivot Point, Fibonacci, integer Price, MA, Bollinger Bands. 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. Fibonacci also known as t
MACD with two lines and  bar, Predict the price,  moniotr all period,  play sound when it changed. If there is any other need, contact me. MACD = [stockPrices,12]EMA - [stockPrices,26]EMA signal = [MACD,9]EMA divergence = MACD – signal User Inputs Fast EMA Period - Fast moving average line, the default period is 12. Slow EMA Period- Slow moving average line, the default period is 26. Signal SMA Period - set signal period , the default period is 9.
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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