Technical Indicators for MetaTrader 4

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MetaTrader 4

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That Day

that-day-logo-200x200-1933
58 $44 $

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Information

Indicators
MetaTrader 4
Iurii Kuksov
1.0
5

Overview

The indicator is ordinary in its creation. It calculates the highs and lows and correlates them with the average price. The only beauty of it is that it correlates the parameters of the past day with the parameters of the present day, and that's why I called it "That Day." It was developed for the time period of the H1-hour chart. And that's where he behaves correctly. In the settings, it is easy to set the parameter: length determines the average price. Parameter: prim indicates which price the indicator will use to calculate the average price. For example, if you put two indicators on the chart and specify the Low price for one indicator with the prim parameter, and specify the High price for the other indicator, then these two indicators will create a corridor. Also, two indicators can be used to set StopLoss. Let's say the first parameter is prim = Low, the second parameter is = Median and depending on the placing of buy or sell orders, Stop Loss can be moved beyond the middle line. Parameter: count is responsible for calculating the maximum and minimum. That is, the number of bars to count.

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