T3 indicator that is using floating levels as an aid to determine the trend transformed to be an oscillator instead of being displayed on chart
Since the indicator is an offsping of T3 floating levels indicator, major part of the description is the same and is going to be repeated here too (in order to avoid seeking for the other indicator)
Since the indicator is an offsping of T3 floating levels indicator, major part of the description is the same and is going to be repeated here too (in order to avoid seeking for the other indicator)
The indicator panel displays the main statistical parameters of the trade for the current account calculated based on the trade history. Recalculation of these parameters is initiated at the panel start and by the OnTrade() event automatically. The "Calculate" button is provided for the forced recalculation.
This technical indicator shows М & W Wave Patterns by Merrill and support/resistance levels drawn at extreme points of the standard ZigZag indicator. A. Merrill classified five-pointed shapes based on the order of the points from top to bottom, and created an orderly classification model M & W Waves.
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Participate in the "New Year’s Tale" contest from FxCash!
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For the fans of ZigZag: a small indicator that draws multiple ZigZags from different timeframes on one timeframe. Four ZigZags are implemented (H1, H4, D1, W1). The timeframe should be selected as the minimal of the displayed ones, i.e. here it is H1. On all other timeframes it is drawn incorrectly, there are no timeframe checks.
The indicator shows:
impulse waves (bold sloping lines);
corrective waves (thins sloping lines);
upward wave series (blue color);
downward wave series (purple color);
wave series length (the numbers near the Zig Zag vertices);
wave series breakthrough levels (short green and red lines);
targets for Take Profit (the Fibonacci grid from the start of the wave series)
impulse waves (bold sloping lines);
corrective waves (thins sloping lines);
upward wave series (blue color);
downward wave series (purple color);
wave series length (the numbers near the Zig Zag vertices);
wave series breakthrough levels (short green and red lines);
targets for Take Profit (the Fibonacci grid from the start of the wave series)
Perhaps you, like me, sometimes need to estimate the duration of the price movement and the difference of BUY and SELL volumes inside a price candlestick. At such moments, I think of a tick chart. There are various programs that gather ticks, but I did not find any easy to use and suitable for analysis.
The presented indicator is based on the standard MQL4 period converter. This decision allowed to collect ticks to the standard history file and open the tick chart as an offline chart.
The indicator also includes a block for updating the offline chart at every new tick.
This results in a standard MetaTrader chart with the period of 1 tick. Therefore, all the features that exist in your terminal are available for such chart.
The presented indicator is based on the standard MQL4 period converter. This decision allowed to collect ticks to the standard history file and open the tick chart as an offline chart.
The indicator also includes a block for updating the offline chart at every new tick.
This results in a standard MetaTrader chart with the period of 1 tick. Therefore, all the features that exist in your terminal are available for such chart.