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.
Indicis MT5 – Download Instructions
WideRangePredictor is a Metatrader 5 (MT5) et essentia est transformare signum forex indicator historiae notitia congesta.
WideRangePredictor provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Fundatur in hoc notitia, adjust motus et mensuram velocitatis negotiatoribus adhuc consilio rem secundum pretium.
How to install WideRangePredictor.mq5?
- Download WideRangePredictor.mq5
- Copy WideRangePredictor.mq5 to your Metatrader Directory / peritorum / Indicatores /
- Aut Start sileo vestri Metatrader 5 Client
- Select Chart et Timeframe ubi vis ut cognoscam experimentum vestrum indicator
- Quaerere “Consuetudo Indicators” plerumque in Navigator remanserit in Metatrader 5 Client
- Right click on WideRangePredictor.mq5
- Suggero ut a chart
- Temperare occasus aut press ok
- Indicator WideRangePredictor.mq5 is available on your Chart
How to remove WideRangePredictor.mq5 from your Metatrader 5 Chart?
- Lego Chart ubi est illud Indicis cursor in vestri Metatrader Client
- Vox click in Chartam
- “Indicatores album”
- Lego quod delete Indicis
Click here to infra download MT5 Indicis: