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Otkatter x2 Free

The free version of the indicator - https://www.mql5.com/en/market/product/15594. Works only on the USDCAD pair.

The Otkatter x2 is an information indicator based on a non-standard Zig Zag. It calculates the average price movements in points and bars based on history data. And on the basis of its calculations, it predicts the potential length and duration of the trend, flat and correction movements, as well as the probability of breakout of the nearest minimum or maximum.


It calculates the following average values:

  • Strong BUY trend the duration and length of the strong BUY trend
  • Correction to strong BUY trend - the duration and length of the correction after a strong BUY trend
  • Frequency of strong BUY trends - the frequency of strong BUY trends occurrence among all movements
  • Medium BUY trend - the duration and the length of the medium BUY trend
  • Correction to medium BUY trend - the duration and length of the correction after a medium BUY trend
  • Frequency of medium BUY trends - the frequency of medium BUY trends occurrence among all movements
  • BUY flat - the duration and the length of the medium BUY flat (flat is a movement with rollback of 60% or more)
  • BUY flat correction - the duration and the length of the correction after a medium BUY flat (correction to the flat is more than 60% of the initial movement)
  • Frequency of BUY flats - the frequency of BUY flats occurrence among all movements
  • Probability of breaking nearest bottom - the probability of the nearest bottom breakout (and a possible reversal to sell)

  • Strong SELL trend the duration and length of the strong SELL trend
  • Correction to strong SELL trend - the duration and length of the correction after a strong SELL trend
  • Frequency of strong SELL trends - the frequency of strong SELL trends occurrence among all movements
  • Medium BUY trend the duration and the length of the medium SELL trend
  • Correction to medium SELL trend - the duration and length of the correction after a medium SELL trend
  • Frequency of medium SELL trends - the frequency of medium SELL trends occurrence among all movements
  • SELL flat - the duration and the length of the medium SELL flat (flat is a movement with rollback of 60% or more)
  • SELL flat correction - the duration and the length of the correction after a medium SELL flat (correction to the flat is more than 60% of the initial movement)
  • Frequency of SELL flats - the frequency of SELL flats occurrence among all movements
  • Probability of breaking nearest top - the probability of the nearest top breakout (and a possible reversal to buy)


Important Features

The Zig Zag used in the calculation of all data does not redraw, as it works at the closure of the candles.


Adjustable Parameters:

  • MinPoints - the minimum distance in points the price has to pass to start considering a new leg of the Zig Zag. The optimum value is 100 for 5-digit broker on a timeframe lower than Н1. For Н1 and higher, the optimum value is 200.
  • History - the bar period to calculate all values of price movements. The optimal value is 500-1000 bars.
  • paint_tp_sl - plot the potential areas of trend reversal/continuation.
  • showinfo - display all calculations on the lengths of the trend, flats and corrections.
  • showgrafics - if enabled - a beautiful graphic table will be displayed in the top left corner, if disabled - all calculations will be displayed as text
  • only_first_move - display the areas of trend reversal/continuation only for the last movement of the price (convenient, minimum screen space occupied)
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Features It is possible to see any number of other time frames inside one chart simultaneously and in real time, a simple implementation of the triple screen strategies; It creates boxes of absolutely any timeframe M1, M2, M3 ... H1, H2 ... D1, D2 ... and any other that comes to mind; Creating and transforming the boxes into box candles by displaying the open and close prices of each individual box; Using boxes instead of the main chart, it is possible to hide the main chart; Due to the box cand
30 USD
Automatic Fibo and Rectangle
Mati Maello
This indicator displays the Automatic Fibo and Rectangle movements. Rectangle shows the price movements. Parameters Fibo: Displays the Fibo movements. Fibo true. Rectangle: Displays the Rectangle movements. Rectangle true. Line: Line true. How to understand the status: If the Fibo line is red and Rectangle is green, trend is up. If the Fibo line is green and Rectangle is red, trend is down.
30 USD
Open Line
Chantal Sala
The Open Line indicator is a simple indicator that tracks the opening levels of more time sessions. This version allows the user to check the opening levels using different time time frames. It is possible to add on the same chart different Open Lines to have more important horizontal levels. The colors and lines are fully customizable also for the label text. A simple indicator but very powerful to give you a proper orientation for your trading. Input Values TimeFrame (to show the open price
30 USD
Candlestick Patterns Analytics
Denis Luchinkin
Candlestick Patterns Analytics is a powerful tool for analyzing candlestick patterns. Do you trade based on candlestick patterns? Then Candlestick Patterns Analytics is designed for you. The undeniable advantage of the indicator: Predicts trading result when trading candlestick patterns; Uses statistical data based on the history of the selected symbol and timeframe. What the indicator does Finds and marks on the chart 29 candlestick patterns; Draws arrows to indicate the classical and stati
30 USD
Higher High Higher Close Lower Low Lower Close
Mark Flint
The HHHC-LLLC indicator uses candle by candle analysis, based on the principle of trend confirmation from Higher High, Higher Close candles (bullish) and Lower Low, Lower Close candles (bearish). There is no lag, no re-painting, and averaging is not used. HHHC-LLLC helps confirm: market structure and levels - look left to see them line up trends, pullbacks & reversals Bull moves (blue), Bear moves (red) Structure Zig Zags (black dotted lines), for summarizing market moves exhaustion and stalling
30 USD
Forex Gap NB
Aleh Rabtsau
Forex Gap Indicator. Many traders have noticed on the chart price gaps, but perhaps few people paid attention to the fact that very often these gaps the price tries to close, returning to the place of the beginning of the gap. This indicator will notify you about the gap on any pair on which you set it. The indicator shows a vertical line on the time and date of formation of the gap, as well as puts an arrow in the direction of closing the gap. Since the gap should be closed, it is recommended
30 USD
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Maksym Mudrakov
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Maksym Mudrakov 2016.08.31 15:35 
 

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