Gold Levels MTF MT5
FREE
Pubblicato:
9 gennaio 2024
Versione attuale:
1.5
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Working out the price levels of the Gold Levels MTF indicator...
Significant target levels for BTCUSD were met...
Working out levels in the direction of price movement...
Hi, could you please indicate the value 'P', default being 128. What is that value? How does it changes the levels if the value is changed for lower timeframes M1 & M5? Are the results same?
Hello,
Since the basis of Gann's theory is the 8x8 Square, it is convenient to take the annual period to calculate the horizontal time scale. If a calendar year has 52 full weeks or 260 trading days (5*52), then this value can be rounded to 256 (4 quarters of 64 days). This will be the coordinate system necessary for the forecast.
P = 64 or 128 or 256 - choose for yourself which value suits you best...
Thanks.
Hello,
Since the basis of Gann's theory is the 8x8 Square, it is convenient to take the annual period to calculate the horizontal time scale. If a calendar year has 52 full weeks or 260 trading days (5*52), then this value can be rounded to 256 (4 quarters of 64 days). This will be the coordinate system necessary for the forecast.
P = 64 or 128 or 256 - choose for yourself which value suits you best...
Thanks.
I highly appreciate with your works. In future, I hope you can consider my recommendation to add some features as below,
(i) add an option to Show/Hide the levels;
(ii) option to change the font colors, size,
(iii) option to positions the levels name (left, middle, right etc.)
Anyway, its great indicator and I enjoyed it!
Thank you mate.
Looking good. Do you have same indicator for other pairs?
You can use this indicator for other pairs, perhaps you will just need to change the value of P in the settings...
I even have indicator working on build 5135.
I highly appreciate with your works. In future, I hope you can consider my recommendation to add some features as below,
(i) add an option to Show/Hide the levels;
(ii) option to change the font colors, size,
(iii) option to positions the levels name (left, middle, right etc.)
Anyway, its great indicator and I enjoyed it!
Thank you mate.
Pls, see in Reviews...
i cannot see lines....
what is problem?
Pls, see in Reviews...
Pls, see in Reviews...