TheMTF High Low forex indicatoris a powerful tool designed to draw on the chart of the MT4 or MT5 platform, the previous high and low price levels for different periods, from today to historical, and even custom periods. The levels are displayed as lines on the chart with the acronym of...
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Pivot = (High + Low + Close)/3 BC = (High + Low)/2 Here we have: TC– Top Central Pivot; Pivot– Central Pivot; BC– Bottom Central Pivot. CPR helps a trader to forecast the future market situation by analyzing over days whether the pivots are higher or lower, or whether the ran...
HighLowEngulfing –The high and low of the Engulfing Bar have to engulf the entire previous bar. BodyEngulfing –The high and low of the Engulfing Bar body has to engulf the body of the previous bar. Both PlotAboveBar –When set to “true” the marker will be drawn above each candle....
The MT4 indicator is very useful in a way that it proposes you high-risk trade signal that describes the amount of trade strategy risks. The significance of Currency Strength Indicator MT4 This indicator is certainly an awful prevalent trading platform for FX. Traders from all around the world ...
The stop loss is set near the recent pivot low or high point depending on whether you are long or short in the market. You can also set your stop loss to the upper or lower Donchianchannel and tradeuntil you get stopped out. See alsoHarmonic Pattern Scanner Indicator MT4 | Free Download...
MT4 Version DOWNLOAD NOW Create your own review Average rating: 5 reviews Dec 11, 2024 byBrianT Very useful indicator... Thank you so much. Apr 28, 2022 byRuby Fantastic supply and demand indicator. I would have given a full five star if it allowed push notification to send alert to MT5...
OPEN (i) — current open price; OPEN (i – 1) — previous open price; R— the parameter we get from a complicated formula based on the ratio between current close price and previous maximum and minimum; K— the greatest of two values: (HIGH (i – 1) – CLOSE (i)) and (LOW (...
I cannot believe it's so tough to find a simple previous day/week/month high low indicator that gives the user the ability to determine the color/width/style of the line...number of days back would be a HUGE plus...with line segments only. Not something that draws channels and connects...
Precision:Which timeframe must be used to calculate the High, Close and Low of the period. This setting is required when time shift is applied, otherwise, it can be ignored. For example, if you want the indicator tocalculate the GMT 0High, Close and Low for the period on aGMT 2 broke...