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. Kejabi, 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 Instructions
WideRangePredictor is a Metatrader 5 (MT5) Indikator lan pet Indikator forex kanggo ndandani data sajarah nambah.
WideRangePredictor provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Adhedhasar informasi iki, pedagang bisa nganggep pergerakan rega luwih lan nyetel strategi sing sakcukupe.
How to install WideRangePredictor.mq5?
- Download WideRangePredictor.mq5
- Copy WideRangePredictor.mq5 to your Metatrader Directory / ahli / pratondho /
- Miwiti utawa miwiti maneh MetaTrader Panjenengan 5 Klien
- Pilih Chart lan Timeframe ngendi sampeyan pengin nyoba Indikator Panjenengan
- Search “Pratondho Custom” ing Navigator Panjenengan biasane kiwa ing MetaTrader Panjenengan 5 Klien
- Right click on WideRangePredictor.mq5
- Masang kanggo grafik
- Ngowahi setelan utawa penet ok
- Indicator WideRangePredictor.mq5 is available on your Chart
How to remove WideRangePredictor.mq5 from your Metatrader 5 Dina rata-rata?
- Pilih Chart where is Indikator mlaku ing MetaTrader Klien Panjenengan
- Klik-tengen menyang Chart ing
- “Dhaftar pratondho”
- Pilih Indikator lan mbusak
Klik kene ngisor iki kanggo ngundhuh MT5 Indikator: