Indicator based on triangle of chuvashov

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Specifiche

Hello kind developers

I wanna an indicator based on chuvashov angleMT4&MT5


 

Draw 2 lines



Line up: drawn on highs of candles of

previous fractal up(2) to current fractal up close(4)

and

Previous fractal>last fractal close




Line down: drawn on low of candles of

previous fractal down(1) to current fractal down close(3)

Previous fractal<last fractal close




If the price break the up line and close 

or

If the price break the low line and close


Draw:


Line: Closing candle that breaks



Input: Multiplier 1

Horizontal line Probable Take Profit:

Since the break of the upper or lower line.distance between the high of candle of previous fractal up (2)

and the low of candle previous fratal down (1) X Multiplier 1



Input: Multiplier 2

Horizontal line Probable Take Profit2:

Since the break of the upper or lower line.distance between the high of candle of previous fractal up (2)

and the low of candle previous fratal down (1)x Multiplier 2






Horizontal line Probable Stop loss:

High of candle of last fractal up close for sells

Low of candle of last fractal down close for sells



Name of objects:

Line up= Line Up

Line down= Line Down

CC= Closing candle that breaks

Probable take profit horizontal line= PT

Probable stop loss horizontal line= SL

Output:

-Candle closing price that breaks the upper or lower line-CC

-PT line price

-SL line price

Distance on pips to candle close break to PT

name=P

Distance on pips to candle close break to SL

name=S


P/S=Factor Profit

name = PF


File:

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