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  • Recensioni (2)
  • Commenti (33)
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Following

5

"Follow the Market Desire".

The indicator shows the market "Desire" (force) on the current and the higher timeframe (TF), indicates the current and confirmed targets, identifies and shows the resistance (Res) and support (Sup) lines of the current and/or older TF.

Not always the Desire on a TF coincides with the possibility (real price movement), but the confirmed target is always achieved in the following "lives". Not always neighboring TFs have identical Desires. Every TF lives its own life, and very often its Desire is opposite to that of the neighboring TFs.

The Desire emerges, develops, reaches the limit, indicates the target it was aiming at, and passively extinguishes, then turns into its opposite, or if continues to develop, it expands. During the development of the Desire, three Res and three Sup levels appear. fir each TF, they differ in both numbers and importance. Of all the six levels of a TF the most important ones are the following: Sup1, Res1 (limits) and Sup3 & Res3 (bases).

This indicator was developed as a result of long-term studies to add quantitative characteristics in the wave theory, which can uniquely identify the wave appearance and property of a particular TF.

As a result of long-term (over 10 years) working in the real market, the indicator has confirmed its reliability, revealed a number of patterns and exceptions, has acquired a large number of extra dimensions, and at the same time showed a high complexity and importance of the relationship of all TFs, from the smallest M1 to the highest MN1. These extensions are included in the professional version of the indicator, which will be proposed later.

The most efficient way to use the indicator is to set it in three windows of one instrument with different periods. For example 5, 30, 240 or 15, 60, 240 etc. The zero bar of the current TF is calculated on each new bar of a smaller TF.

Input Parameters

  • Bar - the number of rendered bars;
  • slow - double the current TF (increase twice), useful for small TFs;
  • TF_high - show support and resistance lines of a higher TF. The ends of lines of a higher TF are farther than those of the current one. Not updated in the tester;
  • Line - show support and resistance lines of the current TF;
  • zz - join the tops of the current TF using lines;
  • up, up_up, dn, dn_dn - colors of support and resistance lines (Sup1, Sup3, Res1, Res3).

The color of indicator lines is preset for the "Green On Black" color scheme.

A note on screenshots: unfortunately due to the size of the screenshots it is impossible to show a complete picture of the market state on the current TF.

Recensioni 2
LUIS ALBERTO BIANUCCI
596
LUIS ALBERTO BIANUCCI 2021.08.19 02:46 
 

The indicator is very complete

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Indicator : RealValueIndicator Description : RealValueIndicator is a powerful tool designed specifically for trading on the EURUSD pair. This indicator analyzes all EUR and USD pairs, calculates their real currency strength values, and displays them as a single realistic value to give you a head start on price. This indicator will tell you moves before they happen if you use it right. RealValueIndicator allows you to get a quick and accurate overview of the EURUSD currency pair tops and bottoms,
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4.17 (6)
Royal Scalping Indicator is an advanced price adaptive indicator designed to generate high-quality trading signals. Built-in multi-timeframe and multi-currency capabilities make it even more powerful to have configurations based on different symbols and timeframes. This indicator is perfect for scalp trades as well as swing trades. Royal Scalping is not just an indicator, but a trading strategy itself. Features Price Adaptive Trend Detector Algorithm Multi-Timeframe and Multi-Currency Trend Low
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LUIS ALBERTO BIANUCCI
596
LUIS ALBERTO BIANUCCI 2021.08.19 02:46 
 

The indicator is very complete

PJ CHAWLA
2164
PJ CHAWLA 2015.10.13 23:47 
 

GREAT INDICATOR. WILL BECOME SUPER GREAT WITH POP-UP ALERTS.

Rispondi alla recensione
Versione 1.21 2021.11.17
Перекомпилирован под версию 1350
Versione 1.20 2015.10.29
1. Changed the indicator inputs.
2. Added alerts (Alert) concerning changes at the current and/or upper timeframe.
3. Added processing of an error occurring in case of an insufficient amount of history bars (usually on MN1).
Versione 1.11 2014.09.09
Slightly changed the way the targets are displayed during expansion (3 waves and higher).
Versione 1.10 2014.09.04
1. Fixed the error of displaying largest timframe.
2. Added information about symbol, spread and time left before the current bar closes. This function is enabled using parameter "PriceTime" = true. Parameters "Price", "spred", "remainTime" set display color. Parameter "cor" sets the chart corner where the information is to be displayed.