This indicator in the Russian part MQL4.community community was first published here. The indicator is based on the four points that form a pattern.
- opening day
- high of the day
- closing day
- at least days
It is designed to work on hourly timeframes.
The essence of the system – in the visual determination of the subsequent movement. The author suggests the following interpretation:
- If the latter figure is narrowing and narrowing of the lower base figure, It is expected to continue the trend (Minimum base size).
- If the latter figure is more than the expansion of the base figure, It predicted a possible change of trend (Minimum base size).
- If the base and the end pieces are visually, predicted correction.
- TimeBar – the number of days for processing.
- WIDTH – the thickness of the drawn lines.
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