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Nuovi Expert Advisors e Indicatori per MetaTrader 4 - 334
Description A colored multicurrency/multisymbol channel indicator Window Price Channel to be drawn on separate chart window of a financial symbol. It can color bullish and bearish candlesticks and moods based on the middle line of the indicator, as well as change the color of the upper and lower lines of the channel.
Purpose The indicator can be used for manual or automated trading in an Expert Advisor. Values of indicator buffer of the double type can be used for automated trading: The middle
Description A universal colored indicator Stochastic. The rising and falling lines and the levels of the indicator can be colored. The indicator can be calculated as the standard one on the basis of a price or as a derivative on the basis of the following nineteen other indicators included in the standard package of the MetaTrader 4 terminal: AD - an indicator of accumulation and distribution of volume. OBV - On Balance Volume. Volume - tick volume indicator. AC - indicator of acceleration. AO
Description A universal colored indicator MACD Histo. The rising and falling of the indicator histogram can be colored. The indicator can be calculated as the standard one on the basis of a price or as a derivative on the basis of the following twelve other indicators included in the standard package of the MetaTrader 4 terminal: AD - an indicator of accumulation and distribution of volume. OBV - On Balance Volume. Volume - tick volume indicator. Force - Force Index indicator. MFI - Money Flow
Description A colored universal indicator MACD Line (MA convergence-divergence indicator, shown as a histogram). The rising and falling of the indicator histogram can be colored. The indicator can be calculated as the standard one on the basis of a price or as a derivative on the basis of the following twelve other indicators included in the standard package of the MetaTrader 4 terminal: AD - an indicator of accumulation and distribution of volume. OBV - On Balance Volume. Volume - tick volume i
Description A universal indicator RSI together with moving averages based on it. Depending on the need, moving averages can be disabled. You can color the indicator lines and levels: lines of RSI, moving average lines and thresholds of overbought and oversold levels. The indicator can be calculated as the standard one on the basis of a price or as a derivative on the basis of the following eighteen other indicators included in the standard package of the MT4 terminal: AD - an indicator of accu
Description A universal indicator CCI together with moving averages based on it. Depending on the need, moving averages can be disabled. You can color the indicator lines and levels: lines of CCI, moving average lines and thresholds of overbought and oversold levels. The indicator can be calculated as the standard one on the basis of a price or as a derivative on the basis of the following eighteen other indicators included in the standard package of the MetaTrader 4 terminal: AD - an indicato
Description A colored universal indicator AO (Awesome Oscillator). The rising and falling of the indicator histogram can be colored. The indicator can be calculated as the standard one or as a derivative on the basis of the following eleven other indicators included in the standard package of the MetaTrader 4 terminal: AD - an indicator of accumulation and distribution of volume. OBV - On Balance Volume. Volume - tick volume indicator. Force - Force Index indicator. MFI - Money Flow Index. ATR
Description A colored universal indicator MACD Classic (MA convergence-divergence indicator) that combines two indicators: MACD Line and MACD Histo. The rising and falling lines, the signal line and the indicator histogram can be colored. The indicator can be calculated as the standard one on the basis of a price or as a derivative on the basis of the following twelve other indicators included in the standard package of the MetaTrader 4 terminal: AD - an indicator of accumulation and distributio
Description The universal colored multicurrency/multisymbol indicator MACD Classic, consisting of two MACD indicators: MACD Line and MACD Histo. The indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a non-existent or incorrect name of a financial instrument, you will receive an error message that this financial instrument is unknown (does not exist).
Inputs Currency_Nam
Description A colored multicurrency/multisymbol oscillator of the market mood. The oscillator is designed for detecting the continuation or change of the market mood prior to its occurrence. An excellent example is the screenshots that show all the features of the oscillator. The oscillator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a non-existent or incorrect name of a fin
Description The indicator determines the appearance of bars that notify of the reversal of the current trend, and paints them in accordance with the bullish and/or bearish mood. The indicator can notify of the appearance of a formed reversal bar by playing a beep, as well as display the time remaining until the end of the formation of the current bar in the format of <d:h:m:s, where: < means the current bar. d - days. h - hours. m - minutes. s - seconds. You can select the color for bullish and
Envelopes is an excellent indicator when the market is trending. Open Long position when the ClosePrice crossed the upper Aqua band. Close Long position when the Price crossed the upper Yellow band moving down. Open Short position when the ClosePrice crossed the lower Aqua band. Close Short position when the Price crossed the lower Yellow band moving up.
The Average True Range (ATR) indicator drawn using a tick chart. After launching it, wait for enough ticks to come. Parameters: ATR Period - number of single periods used for the indicator calculation. The number of ticks to identify Bar - number of single ticks that form OHLC. Price levels count - number of displayed price levels (no levels are displayed if set to 0 or a lower value). price mode - choice of prices under calculation (can be bid, ask or average). Сalculated bar - number of
The Williams' Percent Range (%R) indicator drawn using a tick chart. After launching it, wait for enough ticks to come. Parameters: WPR Period - period of the indicator. Overbuying level - overbought level. Overselling level - oversold level. price mode - choice of prices under calculation (can be bid, ask or average). Сalculated bar - number of bars for the indicator calculation. The following parameters are intended for adjusting the weight of WPR signals (from 0 to 100). You can find t
The Price Channel indicator drawn using a tick chart. After launching it, wait for enough ticks to come. Parameters: Period - period for determining the channel boundaries. Price levels count - number of displayed price levels (no levels are displayed if set to 0). price mode - choice of prices under calculation (can be bid, ask or average). Bar under calculation - number of bars on the chart for the indicator calculation. Buffer indexes: 0 - Channel upper, 1 - Channel lower, 2 - Channel m
Moving Average Bars is a self-explanatory indicator with one input parameter: nPeriod. When the previous Price Close is above the previous indicator Bar, the probability to go Long is very high. When the previous Price Close is under the previous indicator Bar, the probability to go Short is very high.
Protect against whipsaws: revolutionize your swing trading approach Swing Trading is the first indicator designed to detect swings in the direction of the trend and possible reversal swings. It uses the baseline swing trading approach, widely described in trading literature. The indicator studies several price and time vectors to track the aggregate trend direction and detects situations in which the market is oversold or overbought and ready to correct. [ Installation Guide | Update Guide | Tro
Capture every opportunity: your go-to indicator for profitable trend trading Trend Trading is an indicator designed to profit as much as possible from trends taking place in the market, by timing pullbacks and breakouts. It finds trading opportunities by analyzing what the price is doing during established trends. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]
Trade financial markets with confidence and efficiency Profit from established trends without getting whip
Precision trading: leverage wolfe waves for accurate signals Wolfe Waves are naturally occurring trading patterns present in all financial markets and represent a fight towards an equilibrium price. These patterns can develop over short and long-term time frames and are one of the most reliable predictive reversal patterns in existence, normally preceding strong and long price movements. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Clear trading signals Amazingly
Robo T Expert Advisor is a non-indicator trading system. Expert Advisor settings: Level_ord - distance from the current price for placing initial pending Buy Stop and Sell Stop orders, the default value is 22. Lot_1 - initial lot for buy series, the default value is 0.1. Lot_2 - initial lot for sell series, the default value is 0.1. TakeProfit - profit level, the default value is 30. TSProfitOnly - only profit is trailed. If disabled, trailing is also performed in the negative stop-loss area. Th
Unlock key market insights with automated support and resistance lines Tired of plotting support and resistance lines? This is a multi-timeframe indicator that detects and plots supports and resistance lines in the chart with the same precision as a human eye would. As price levels are tested over time and its importance increases, the lines become thicker and darker, making price leves easy to glance and evaluate. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Boos
Trade smarter, not harder: Empower your trading with Harmonacci Patterns This is arguably the most complete harmonic price formation auto-recognition indicator you can find for the MetaTrader Platform. It detects 19 different patterns, takes fibonacci projections as seriously as you do, displays the Potential Reversal Zone (PRZ) and finds suitable stop-loss and take-profit levels. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]
It detects 19 different harmonic pric
This is the latest iteration of my famous scalper, Goldfinch EA, published for the first time almost a decade ago. It scalps the market on sudden volatility expansions that take place in short periods of time: it assumes and tries to capitalize of inertia in price movement after a sudden price acceleration. This new version has been simplified to allow the trader use the optimization feature of the tester easily to find the best trading parameters. [ Installation Guide | Update Guide | Troublesh
FREE
Identify over 30 candlestick patterns with precision
This indicator recognizes over 30 Japanese Candlestick Patterns and highlights them beautifully on the chart. It is simply one of those indicators price action traders can't live without. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]
Boost your technical analysis overnight Detect japanese candlestick patterns easily Trade reliable and universal reversal patterns Hop onto established trends safely using continua
i-Orders is a simple indicator to monitor your own trade/analyze others' trades. I use it for a long time and do not imagine a chart without these arrows, lines and trade result numbers. The features allow you to: change the size and location of the control buttons ( Control buttons size , Control buttons corner ), disable display of opened and closed positions ( Show OPENED , Show CLOSED , Show PENDING ), change colors of arrows and lines for profitable and loss-making buy and sell positions se
Overview The Expert Advisor sends notifications to a mobile phone, via e-mail or activates an audio alarm in case any changes are detected on the trading account: opening/closing positions, changing order parameters, balance or leverage. Also, the Expert Advisor can inform that Equity on the trading account has dropped below a specified value or Free Margin is small compared to Margin. The Expert does not trade, it only monitors your account.
Launching the Expert Advisor For the Expert Advisor
Overview The Expert Advisor sends notifications to a mobile phone, via e-mail or activates an audio alarm in case a position is opened or closed on the trading account. The Expert does not trade, it only monitors your account and orders.
Launching the Expert Advisor For the Expert Advisor to work, place the file NotifyMe_free.ex4 in terminal_folder/experts (probably it will be placed there automatically). NotifyMe_free should appear in the Expert Advisors section of the Navigator window. If not
FREE
A simple tick indicator of Bid and Ask prices. The period separator (1 minute) is displayed as a histogram. Parameters Price_levels_count - number of price levels to be displayed. Bar_under_calculation - number of bars of the indicator to be displayed on the chart.
FREE
This indicator displays each bar's volume (visible range) in points. The display parameters are customizable. The indicator was developed for personal use (chart analysis). Parameters: ColorL - color of text labels. Position - label position: 0 - below, 1 - above. FontSize - font size. ANGLE - text slope angle.
FREE
Profitstat is a free indicator that scans your history and displays it on the chart. The free version shows the number of trades and profit made on the current and previous day. The data is updated instantly as soon as a trade closes. Simply attach it to any chart and it gives the account data irrespective of the chart currency nor timeframe.
FREE
Description Pivot Pro is a universal color indicator of the Pivot Points levels systems. You can select one of its three versions: Standard Old , Standard New and Fibo . The system will automatically calculate the Pivot Point on the basis of market data for the previous day ( PERIOD_D1 ) and the system of support and resistance levels, three in each. It can also display price tags for each level. You can color the indicator lines. Only a method of calculation of the third level of supp
Description The indicator determines the appearance of internal bars on the chart, and paints them in accordance with the bullish and/or bearish mood. The indicator can notify of the appearance of a formed internal bar by playing a beep, as well as display the time remaining until the end of the formation of the current bar in the format of <d:h:m:s, where: < means the current bar. d - days. h - hours. m - minutes. s - seconds. The bullish and bearish mood can be colored.
Inputs Sound_Play - a
Description A colored multicurrency/multi-symbol pack of four indicators (CCI, Momentum, RSI and StdDev) based on the double or triple MA . Compared with the standard indicators, these versions are more sensitive, which allows them to generate signals in advance. The pack of four indicators may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a non-existent or incorrect name of a fi
The Turtle Trading Indicator implements the original Dennis Richards and Bill Eckhart trading system, commonly known as The Turtle Trader. This trend following system relies on breakouts of historical highs and lows to take and close trades: it is the complete opposite to the "buy low and sell high" approach. The main rule is "Trade an N-day breakout and take profits when an M-day high or low is breached (N must me above M)". [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Prod
FREE
The RTrends indicator does two things: first, it automatically draws the layout of the price chart by plotting trend lines and, secondly, it produces bearish and bullish signals. The layout reflects the fractal nature of the market. Trends from different time horizons are applied simultaneously on the chart. Thus, from a single chart a trader can see trend lines of higher timeframes. The lines, depending on the horizon, differ in color and width: the older the horizon, the thicker the line is. T
Description A colored multicurrency/multy-symbol oscillator Stochastic Smart based on the double or triple MA . Compared with the standard Stochastic, this oscillator is more sensitive, which allows it to generate signals in advance. The indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a non-existent or incorrect name of a financial instrument, you will receive an err
Description A universal colored multicurrency/multi-symbol indicator of moving averages: Moving Average, Double Moving Average, Triple Moving Average . The indicator is drawn in a separate window, so below the main trading chart a user can see the development of another financial instrument. It is very useful when considering the combined values of various moving averages for different financial instruments below the main trading chart. The indicator may be used with any broker, irrespective of
Description Candlesticks is a colored multicurrency/multy-symbol indicator. It shows a financial instrument as a candlestick chart in a separate window below the chart of the main financial symbo. The indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a non-existent or incorrect name of a financial instrument, you will receive an error message that this financial instrume
The indicator detects the following types of Japanese candlesticks: Doji, Hammer and/or Hanging Man, Shooting Star and/or Inverted Hammer, Spinning Top, Maribozu. The indicator is intended for manual and/or automated trading within an Expert Advisor. There is a possibility to choose colors for bullish and bearish candlesticks. For automated trading, use any indicator buffer of the double type: 0, 1, 2 or 3, whose value is not zero!
Description A colored universal multicurrency/multi-symbol indicator MACD Line Smart (the indicator moving average convergence divergence is displayed as a histogram) based on double or triple moving average . Comparing to the standard MACD this indicator is more sensitive to what allows generating advance signals. he indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a
Description A colored universal multicurrency/multi-symbol indicator MACD Histo Smart (MACD histogram) based on double or triple moving average . Comparing to the standard MACD Histo this indicator is more sensitive to what allows generating advance signals. he indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a non-existent or incorrect name of a financial instrument
Description A colored universal multicurrency/multi-symbol indicator MACD Classic Smart that consists of two indicators: MACD Line Smart and MACD Histo Smart. Both indicators are based on double or triple moving average . Comparing to the standard MACD Classic this indicator is more sensitive to what allows generating advance signals. he indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parame
Overview The script displays information about the trade account: Account - account number and type (Real or Demo); Name - name of the account owner; Company - name of a company that provide the access to trading; Server - trade server name; Connection State - connection state; Trade Allowed - shows whether trading is allowed on the account at the moment; Balance - account balance; Equity - account equity; Credit - amount of credit; Profit - profit size; Free Margin - free margin on the account;
FREE
The indicator of DeMark fractals. The indicator can be drawn on the basis of price data and on the basis of a moving average. There is a possibility to color the up and down fractals. The indicator can be used for manual and for automated trading within an Expert Advisor. For automated trading, use any indicator buffer of the double type: 0 - up fractals, 1 - down fractals! Values of the buffers must not be equal to zero. A moving average is drawn on the basis of input parameters: Calc_Method
Overview The script displays information about the trade account and the current financial instrument. Information about the trade account: Account - account number and type (Real or Demo); Name - name of the account owner; Company - name of a company that provide the access to trading; Server - trade server name; Connection State - connection state; Trade Allowed - shows whether trading is allowed on the account at the moment; Balance - account balance; Equity - account equity; Credit - amount
This Multi TimeFrame indicator is based on the "Fractals" classical indicator. 2 Inputs: TimeFrame1; TimeFrame2; You can put any available TimeFrame values (from M1 (Period_M1) to MN1 (Period_MN1)) equal or greater ( >= ) than the Period of the current Time Frame. The last Fractals will shown as color lines (Dots Line) of Support and Resistance for the Price moving.
This is a Multi-Time indicator which allows to display RSI and Stochastic indicators from upper timeframes on a single chart. As an example: a single chart EURUSD M5 and RSI (blue line) and Stochastic (yellow line) from H1.
Red Histogram is representing Lower trend and Green Histogram is representing Upper trend.
When you put this Multi TimeFrame Parabolic SAR indicator on the chart it will automatically use Parabolic SAR from next available 3 timeframes. Green arrow will show the beginning of Up trend and Red arrow will show the beginning of Down trend. If AlertsEnabled = true, the indicator will show the Alert (message window) with a text like this: "Price going Down on ", Symbol(), " - ", Period(), " min", " price = ", Bid; If eMailEnabled = true the Indicator will send you an eMail with the same text
The zero line is characterized the Flat trend.
V-shaped impulse indicates the entrance to the opposite direction. U-shaped impulse = entry orders in the same direction.
If AlertsEnabled = true, the indicator will show the Alert (message window) with a text like this:
"Price going Down on ", Symbol(), " - ", Period(), " min", " price = ", Bid;
If eMailEnabled = true the indicator will send you an eMail with the same text an Alert message with subject: "Trinity-Impolse" (of course you have to chec
The indicator displays the usual Moving Average with input parameters: maPeriod_1; maMethod_1; maAppPrice_1. Then it calculates and displays MA on MA1 with input parameters: maPeriod_2; maMethod_2. Then it calculates and displays MA on MA2 with input parameters: maPeriod_3; maMethod_3. If AlertsEnabled = true the Indicator will show the Alert (message window) with a text like this: "Price going Down on ", Symbol(), " - ", Period(), " min", " price = ", Bid; If eMailEnabled = true the Indicator w
Multi TimeFrame Indicator "MTF CCI Trigger" based on the Commodity Channel Index from the upper TF (input parameter "TimeFrame") yellow line. Aqua line is representing ATR envelopes from the current TF. Green and Red arrows is triggered by CCI and represented UP and DOWN trends accordingly.
The BBImpulse indicator is based on the standard Moving Average indicator. You have MA input parameters:
maPeriod - Moving Average period;
maMODE - Moving Average mode (0 = MODE_SMA; 1 = MODE_EMA; 2 = MODE_SMMA; 3 = MODE_LWMA); maPRICE - Applied price (0=PRICE_CLOSE; 1=PRICE_OPEN; 2=PRICE_HIGH; 3=PRICE_LOW; 4=PRICE_MEDIAN; 5=PRICE_TYPICAL; 6=PRICE_WEIGHTED). Green Histogram is representing an UP-trend, Red Histogram is representing a Down-trend.
Multi TimeFrame indicator MTF ADX with Histogram shows ADX indicator data from the TF by your choice. You may choose a TimeFrame equal or greater than current TF. Yellow line is representing a price trend from the upper TF. Green line is representing +DI from the upper TF. Red line is representing -DI from the upper TF. Green histogram is displaying an Up-trend. Red histogram is displaying a Down-trend.
Description A universal colored multicurrency/multi-symbol indicator RAVI. Was proposed by T. Chand as a trend indicator. RAVI means Range Action Verification Index. The indicator may be used with any broker, irrespective of the name of the financial instrument since it is necessary to manually enter the name as an input parameter. If you enter a non-existent or incorrect name of a financial instrument, you will receive an error message that this financial instrument is unknown (does not exist).
This Indicator creates 2 white lines based on Exponential Moving Averag e of High and Low prices. You can regulate how many bars will be involved in the calculation with input parameter HL_Period. Red and Blue arrows are displaying the moment to go Short and Long trades accordingly.
The most common way to interpreting the price Moving Average is to compare its dynamics to the price action.
When the instrument price rises above its Moving Average, a buy signal appears, if the price falls below its moving average, what we have is a sell signal. To avoid a spontaneous entries one may use this update from Moving Average Indicator = Stepper-MA.
Envelopes technical Indicator is formed with two Moving Averages one of which is shifted upward and another one is shifted downward. Envelopes define the upper and the lower margins of the price range. Signal to sell appears when the price reaches the upper margin of the band; signal to buy appears when the price reaches the lower margin. To avoid a spontaneous entries one may use this update from Envelopes Indicator = Envelopes-Stepper.
The interpretation of the Bollinger Bands is based on the fact that the prices tend to remain in between the top and the bottom line of the bands. Abrupt changes in prices tend to happen after the band has contracted due to decrease of volatility;
If prices break through the upper band, a continuation of the current trend is to be expected;
If the pikes and hollows outside the band are followed by pikes and hollows inside the band, a reverse of trend may occur;
The price movement that has starte
Fibonacci sequence is defined by integer sequence: 0, 1, 1, 2, 3, 5, 8, 13, 34, 55, 89, 144, ... By definition, it starts from 0 and 1, the next number is calculated as a sum of two previous numbers. Instead of the standard moving average, the indicator uses the caluclation of average price in form:
Bar0 + Bar1 + Bar2 + Bar3 + Bar5 + Bar8 + Bar13 +... Input parameters: FiboNumPeriod (15) - Fibonacci period; nAppliedPrice (0) - applied price (PRICE_CLOSE=0; PRICE_OPEN=1; PRICE_HIGH=2; PRICE_LOW=
This indicator present a main Moving Average line with input parameters maPeriod_1, maMethod_1 and maAppPrice_1. The second line will be a calculation of the Moving Average data of a first line with input parameters maPeriod_2, maMethod_2. The third line will be a calculation of the Moving Average data of a second line with input parameters maPeriod_3, maMethod_3. To avoid a spontaneous entries one may use this indicator-stepper.
Description The indicator determines the appearance of the bars that signal of a reversal of current local moods and plays a beep. It also paints these bars in accordance with the bullish and/or bearish priority. You can select the color for bullish and bearish moods.
Inputs Sound_Play - a flag that allows the sound notification.
Use Detection of the reversal bar can be a signal to perform appropriate trading activities. The indicator can be used for manual or automated trading in an Expert A
This indicator (as almost all others) is based on classical Moving Averages. It shows the Average Bar under the current bar colored in aqua or over the current bar colored in orange. Input Parameters: ma_Period and ma_Method. The Average Bar maybe helpful to predict where the price will move in the nearest future. Of course, this "near future" depends of the current time frame.
Buy when the market is falling and sell when the market is rising. When the market is moving down you start observing and looking for buy signals. When the market is moving up you start looking for sell signals. This indicator points to the moments to Buy (Blue arrow) and to Sell (Orange arrow). Two input parameters: barsNumber and step for optimization (depending on symbol and Time Frame).
This indicator shows: A green light in case the price goes up; A red light in case the price goes down; A yellow light in case there are a sideways trend. A sideways trend is the horizontal price movement that occurs when the forces of supply and demand are nearly equal. This typically occurs during a period of consolidation before the price continues a prior trend or reverses into a new trend
This indicator is created for M1 timeframe. It shows how many ticks has occurred during current minute and ( after the slash) the sum of points Up (aqua color) and Down (orange color). In times of a high trading activity a grow up number of ticks Up and Down will signal of a big move of the price in the near future. In times of a high trading activity a grow up number of sum of points Up and Down will signal of a big move of the price in the near future too.
Profitstat premium version scans your trading history and displays performance on the chart. The premium version is far more flexible than the free one. The premium version contains the following features that you won't find in the free version: Ability to horizontally position the indicator as you prefer. Ability to display results in money or in pips with the option to hide or display one or both of them. An option to show stats for only the chart symbol. An option to only show data from a cer
Two yellow lines. This is similar to classical Envelopes but with automatic deviation. The Envelopes indicator is a tool that attempts to identify the upper and lower bands of a trading range. Aqua line. This is a classical Commodity Channel Index added to the Envelopes on the chart, not in a separate window. The Commodity Channel Index ( CCI ) is a technical indicator that measures the difference between the current price and the historical average price.
Probability deals with the likelihood of an event happening. Forex probability indicates a possibility at a specific time. This is because the forex market is highly volatile, and predicting future events affecting it is impossible. This indicator will show a positive number above the current High or negative number under the current Low as a probability of the trend. Higher time frames usually show a higher probability, even more then 100%.
Description The indicator is intended for labeling the chart using horizontal levels and/or half-round prices. The indicator works on any financial instrument regardless of the name and the number of digits. A user can choose colors for the indicator lines.
Input Parameters Calc_Method - method of calculation of the lines: levels of round prices. levels of half-round prices. Digits_Accepted - flag for calculating the levels according to number of decimal places in the quotes of a financial inst
Murray levels are popular among traders. You can easily find indicators for drawing the levels on the internet. The main difference and advantage of the Forced Murrey Math indicator is the execution speed. This makes it perhaps the best choice for use in Expert Advisors that require thorough testing and optimization on a long history of quotes. Also the indicator draws history, so it will be very useful for visual analysis of interaction of price with the Murray levels in the past. The method of
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