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. Ntle le moo, 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 – Download Instructions
WideRangePredictor is a Metatrader 5 (MT5) gage le mozindo ya forex gage ke ho fetola bokeletseng histori ya data.
WideRangePredictor provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Thehiloeng ho tlhahisoleseding ena, bahoebi ka nahana ka ho eketsehileng theko metsamao ya mmele le fetola ba bona ba leano ka ho loketseng.
How to install WideRangePredictor.mq5?
- Download WideRangePredictor.mq5
- Copy WideRangePredictor.mq5 to your Metatrader Directory / litsebi li / matshwao a /
- Qala kapa restart hao Metatrader 5 Client
- , Kgetha Chate le Timeframe moo o batla ho leke hao gage
- Search “Custom Indicators” ya hao Navigator boholo tloha ya hao Metatrader 5 Client
- Right click on WideRangePredictor.mq5
- Hokela ho chate e
- Ho fetoloa di-setting kapa tobetsa ok,
- Indicator WideRangePredictor.mq5 is available on your Chart
How to remove WideRangePredictor.mq5 from your Metatrader 5 Chate?
- Khetha Chate moo e ea Indicator matha ya hao Metatrader Client
- Tokelo ya tobetsa ka Chate
- “Matshwao a lethathamo”
- Khetha Indicator le hlakola
Click here ka tlase ho thowuni MT5 Indicator: