The logic is quite simple and based on the alternation of narrow and wide ranges. Draw the indicator in the following way:
- The histogram of the range of each candlestick (high – low).
- The line of average value of the range.
- The histogram of candlesticks body (abs(close – open)).
- The line of the average value of candlesticks body.
If there are several candlesticks in a row and both the range and the body size are less than their average value, so the next bar with the extended range is expected. Besides, if we have a series of candlesticks with the range and body size less than average and these candlesticks are located on the same price level, then a strong single directed movement is expected.
MT5 Indikator – Download instruktioner
WideRangePredictor is a Metatrader 5 (MT5) indikator og essensen af forex indikator er at omdanne den akkumulerede historie data.
WideRangePredictor provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Baseret på denne information, erhvervsdrivende kan antage yderligere prisbevægelser og justere deres strategi i overensstemmelse hermed.
How to install WideRangePredictor.mq5?
- Download WideRangePredictor.mq5
- Copy WideRangePredictor.mq5 to your Metatrader Directory / eksperter / indikatorer /
- Start eller genstart din Metatrader 5 Client
- Vælg Chart og Tidsramme hvor du ønsker at teste din indikator
- Søg “Tilpassede Indikatorer” i din Navigator meste tilbage i din Metatrader 5 Client
- Right click on WideRangePredictor.mq5
- Vedhæft et diagram
- Rediger indstillinger eller tryk på ok
- Indicator WideRangePredictor.mq5 is available on your Chart
How to remove WideRangePredictor.mq5 from your Metatrader 5 Chart?
- Vælg diagrammet hvor indikatoren kører i din MetaTrader Client
- Højreklik i Chart
- “Indikatorer liste”
- Vælg indikator og slet
Klik her nedenfor for at downloade MT5 Indikator:
I prefer using MetaTrader 4, however couldn’t find an MT4 indicator. So I decided to code the indicator myself.
For those who want the MT4 Indicator, you may download it here:
http://www.mediafire.com/file/mks1lsoyik8c205/WideRangePredictorMT4.zip
Here’s a screenshot of the MT4 Indicator:
http://www.image-share.com/upload/3987/236.png
I prefer using MetaTrader 4. I couldn’t find the MT4 Indicator, so I decided to code it myself and share it with you.
MT4 Indicator download link:
http://www.mediafire.com/file/mks1lsoyik8c205/WideRangePredictorMT4.zip
MT4 Indicator screenshot:
http://www.image-share.com/upload/3987/236.png