ATRPeriod – ATP period to be used for calculating the maximum ATP
MAXPeriod – ATP quantity values used for computing the maximum ATP
DrawLine – displaying a line, false – It will be displayed as a histogram.
Less susceptible to the current decrease in volatility, which allows more correctly estimate the range of the work. In this case, to respond quickly to an increase in volatility, which allows the use of the safe value indicator.
Calculates the maximum value of the indicator with ATP for the specified period ATRPeriod MAXPeriod period, allowing for more adequately plan trade risks, as in current spark MAXPeriod indicator will ignore lull volatility (e.g., before the news)
Pivot Point – a technical indicator that is widely used by traders to predict large price movements by calculating different levels of support and resistance. Investopediya indicator gives the following definition:
Technical analysis indicator used for determining the general market trend on various timeframes. The very point of pivot (pivot point) is the average of the maximum and minimum prices, as well as the closing price of the previous trading day. The next day trading over a point pivot points to bullish sentiment and trade under the pivot point – to bearish market sentiment.
Analysis of the pivot points is often combined with the calculation of support and resistance levels, such as trend line analysis. When analyzing the first pivot points of support and resistance levels are calculated using the trading range width between the pivot point and the maximum or minimum price of the previous day. Second support and resistance levels are calculated using the complete length of the bar (the distance between the maximum and minimum price) of the previous day.
Indicator TIL Pivot Points uses a system of seven lines:
Resistance 3 (R3) – point green line
Resistance 2 (R2) – dot-dashed green line
Resistance 1 (R1) – dashed green line
Pivot Point (P) – a solid yellow line
Support 1 (S1) – dotted red line
Support 2 (S2) – dash-dotted red line
Support 3 (S3) – dotted red line
Indicator TIL Pivot Points also allows you to select the initial timeframe, which are calculated pivot points and levels. This can be done by editing the parameter HLC (High, Low and Close). Choose between eleven timeframes:
NEXT_TIMEFRAME – the default setting. For example, if the current schedule – H4, the pivot point is calculated from the values of D1. However, when you use the monthly chart of the pivot point is also calculated according to the values of MN.
CURRENT_TIMEFRAME – pivot point is calculated from the values of the current timeframe.
M1 – the pivot point is calculated by the M1 values.
M5 – the pivot point is calculated from the values of the M5.
M15 – the pivot point is calculated from the values of the M15.
M30 – the pivot point is calculated from the values of the M30.
H1 – the pivot point is calculated according to the values of H1.
H4 – the pivot point is calculated from the values of the H4.
D1 – pivot point is calculated from the values of D1.
W1 – pivot point is calculated according to the values of W1.
MN – pivot point is calculated according to the values of MN.
At the heart of SmartMass indicator on the assumption that during periods when the volume increases, there are “uninformed” investors are in the market. On the other hand, when the volume decreases, the position occupied by professionals and experienced investors. This indicator is based on the ideas outlined in the book “The logic of the stock market,” Norman Fosbaka. I’ve added a proprietary algorithm for reliability and chose the best practice examples.
SmartMass – a useful indicator. Combined with a basic understanding of the behavior of prices, the indicator is an excellent tool for making trading decisions. Best Settings – the result of two years of testing different signals are shown in the examples in the attached schedules. There are four types of settings:
Breakouts and pullbacks in strong bullish and bearish breakout
Breakouts and pullbacks in strong bullish and bearish channel
Breakouts and kickbacks in weak bullish and bearish channels
Coup position after breaking the main trend line (different patterns coup: flags, wedges, double top and double bottom, head and shoulders, triangles, etc.)
Always use Stop Loss as a precaution. Not recommended for use in a narrow trading range indicator. The indicator is suitable for trend reversals and channel.
This indicator is a display element of the trading system, namely trade zone described Bill Williams. The indicator uses the idea of opening transactions for sale during the simultaneous fall MACD and OsMA values (Bill Williams’ books for these indicators are used and the name of AO AC) or vice versa, the opening of transactions for the purchase during the simultaneous growth of the indicator values. Indicator does not tunable parameters. Confirmation indicator signal is to overcome the high cost / low bar on which the indicator signal is applied.
Indicator displays on the graph Renko bars, builds on them ZigZag indicator – trend line connecting the local minima and maxima of the price movement and highlights on their basis Gartley patterns indicating potential price reversal point.
Renco – specialized mapping price movements in which the graph displayed on the bar every time slot, but only on condition that the price has passed over a predetermined number of points. Renko-bars are not tied to a time slot, so with the same efficiency indicator can work on any time frame.
ZigZag indicator in this implementation is based on two parameters – zzDev (minimum deviation as a percentage of the previous move) and zzBack (minimum quantity Renko bars formed in the direction opposite to the previous movement.
Patterns Gatrli allocated on the tops zigzag in accordance with a predetermined ratio. An example here is a vertex in the screenshot, the proportions – in the indicator parameters. The proportions specified in the default display, aim to increase the number of recognizable shapes and demonstrate performance indicator. You can enter more precise values for the detection of specific indicator figures. The indicator can be configured to recognize similar patterns of structure – Butterfly, Bat, Crab, White and Black Swan. The indicator shows the last-formed chart pattern on the chart.
Description indicator parameters
RenkoBar – size Renco bar in (automatically converted to 5-digit quotes);
CountBars – Renko number of bars displayed on the chart;
bearColor – the color of Bear Renko-bars;
bullColor – Renko color bull-bar;
hideBars – sign hide display of conventional bars on the graph;
zzDev – deviation from the previous motion as a percentage;
zzBack – deviation from the previous movement among Renko bars;
zzColor – color ZigZag lines;
zzWidth – thickness ZigZag lines;
AB_min, AB_max – setting AB / XA relations;
BC_min, BC_max – setting BC / AB relations;
CD_min, CD_max – Setup CD / BC relations;
AD_min, AD_max – Settings AD / XA relations;
patternBullColor – the color of bullish figures;
patternBearColor – the color of the bear figure;
useAlert – resolution warning pop-up window;
useMail – permission notification by e-mail;
useNotification – permission notification to the mobile device.
Larri Vilyamsa book “Long-term secrets of short-term trading” is perhaps one of the few to which you should pay attention. In it, he describes some of the things of particular interest to ordinary traders. Search rules important price highs and lows – this is one of those very things. Use these rules in practice is possible, but to carry out all the necessary constructions in the hand is very troublesome task. With indicatorlarry MT4 Search price highs and lows as well as the construction of all necessary lines you will take less than one second.
This indicator is the short-term, medium-term and long-term highs and lows. Search rules fully correspond to those described in the book “Long-term secrets of short-term trading.”
Tbars – the number of bars to find
P.S. This indicator price will be valid until 01.02.2016