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 Indicator – Lae juhend
WideRangePredictor is a Metatrader 5 (MT5) indikaator ja sisuliselt forex näitaja on muuta kogunenud ajaloo andmeid.
WideRangePredictor provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Selle teabe põhjal, ettevõtjad saavad endale hindade edasise liikumise ja kohandada oma strateegia vastavalt.
How to install WideRangePredictor.mq5?
- Download WideRangePredictor.mq5
- Copy WideRangePredictor.mq5 to your Metatrader Directory / eksperdid / näitajad /
- Alustage või taaskäivitage MetaTrader 5 Klient
- Vali Chart ja tähtajad, kuhu soovite testida oma indikaator
- Otsing “Custom Indicators” Teie Navigaator enamasti lahkunud oma MetaTrader 5 Klient
- Right click on WideRangePredictor.mq5
- Kinnitage, et skeem
- Muuda seadeid või vajuta ok
- Indicator WideRangePredictor.mq5 is available on your Chart
How to remove WideRangePredictor.mq5 from your Metatrader 5 Skeem?
- Vali Chart kus on indikaator töötab oma MetaTrader Client
- Parem klõps arvesse Chart
- “Indikaatorid nimekirja”
- Vali Indicator ja kustutada
Vajuta siia alla laadida MT5 Indicator:
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