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The utility draws reversal levels using the formulas for each of the selected number of candles: Pivot = (high + close + low) / 3 R1 = ( 2 * Pivot) - low S1 = ( 2 * Pivot) - high R2 = Pivot + (R1 -S1) R3 = high + ( 2 * (Pivot - low)) S2 = Pivot - (R1 - S1) S3 = low - ( 2 * (high - Pivot)) H = high L = low U = if the candle is bullish, then close. Otherwise - open D = if the candle is bullish, then open. Otherwise - close On any timeframe. After a new candle closes on the calculated timeframe
The utility draws pivot levels based on a selection from day week month The previous candlestick of the selected timeframe is taken and the values for the levels are calculated using the following formulas: Pivot = (high + close + low) / 3 R1 = ( 2 * Pivot) - low S1 = ( 2 * Pivot) - high R2 = Pivot + (R1 -S1) R3 = high + ( 2 * (Pivot - low)) S2 = Pivot - (R1 - S1) S3 = low - ( 2 * (high - Pivot)); The style and thickness for all lines are adjusted. The colors for the R, Pivot and S lines are
The indicator makes calculations based on data obtained from one of seven (7) moving averages and colors the chart. Simple moving averages are those that have only one important calculation parameter - the period. The shift in the indicator is not used. There is a shift trick setting, it is used to smooth the result of calculations. You can see the changes if you reduce this parameter to 1 (minimum value). shift trick must always be less than the period value. Available averages: MA Simple MA
The indicator draws a normal chart by coloring it in colors based on prices calculated by the Heiken Ashi indicator algorithm. That is, the shape of the candles does not change. In fact, this is the same Heiken Ashi that does not distort the price chart. Then there will be a drawing of a cat, because there is nothing more to write about the indicator. . ◣ ◢ █◣ ◢█ ████████ █ ▎██ ▎█ ███◥◤███ ████████ ◥██████◤ ◢██◣ ◢ ████ ◢█◤ ████ █ ████ █ ████◢◤ ██████
The indicator highlights in color the places on the chart where the price moves in one direction continuously from the selected number of candles. You can specify the number of points from the beginning of the movement to select only movements from this amount. It can be useful for looking for reversals or sharp impulses. I also recommend purchasing this utility to determine local weekly / monthly trends and support and resistance lines. https://www.mql5.com/en/market/product/61401
Draws trend lines from the high and / or low values of the week. The color and thickness of the levels are customizable. All trend lines can be edited. Suitable levels of the past can be renamed and other properties changed. Levels are re-read only on the H1 timeframe once an hour. ... ⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⡟⣫⣿⣿⣿⣿ ⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⢿⠛⣩⣾⣿⣿⣿⣿⣿ ⣿⣿⣿⣿⣿⣿⣿⣿⡛⠛⠛⠛⠛⠛⠛⢿⢻⣿⡿⠟⠋⣴⣾⣿⣿⣿⣿⣿⣿⣿ ⣿⣿⣿⣿⡿⢛⣋⠉⠁⠄⢀⠠⠄⠄⠄⠈⠄⠋⡂⠠⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿ ⣿⣿⣿⣛⣛⣉⠄⢀⡤⠊⠁⠄⠄⠄⢀⠄⠄⠄⠄⠲⣾⣿⣿⣿⣿⣿⣿⣿⣿⣿ ⣿⡿⠟⠋⠄⠄⡠⠊⠄⠄⠄⠄⠄⣀⣼⣤⣤⣤⣀⠄⠸⣿⣿⣿⣿⣿⣿⣿⣿⣿
When creating, modifying and moving a trend line, two anchor points will be selected: high / low, open / close, median or weighted from the candlestick prices. For high / low, open / close, if the anchor point is above the candlestick, the upper price will be taken, below the candlestick - the lower one. If the point is inside the candlestick, then if the first point is higher than the second, then the first one goes up, the second goes down. Conversely, if the second is higher than the first