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HomeForexThe 'MA7 Flax' indicator - Different - 28 March 2024

The ‘MA7 Flax’ indicator – Different – 28 March 2024


Description of labor

The ‘MA7 Flax’ indicator relies on the usual Common True Vary (ATR) indicator. Reveals massive candles over a sure time frame.

 

Options of labor

The indicator works on the instrument and timeframe on which it’s put in. The info is analyzed on closed candles, so the arrows aren’t redrawn.

 

Further features

– Notifications when the arrow seems.

 

Indicator settings

Basic settings:

– ATR interval

The parameter configures the interval of the ATR indicator.

Measured in candles (bars).

The parameter worth should be better than 0.

– ATR multiplier

The parameter multiplies the ATR worth and is required to seek for massive candles.

The parameter worth should be better than 1.

– Take away subsequent arrows

This feature removes subsequent arrows in the identical course. When this feature is enabled, arrows will seem on the chart one after the other. For instance, an up arrow seems, all subsequent up arrows shall be ignored and never displayed on the chart till the down arrow seems.

 

Message settings:

– Ship message to the terminal (Alert)

The parameter provides permission to ship messages to the terminal utilizing the Alert perform.

– Ship message to the cell terminal (Push)

The parameter provides permission to ship messages to the cell terminal utilizing push notifications. Permission to ship messages should be enabled within the terminal settings; learn the directions.

– Ship message to the e-mail

The parameter provides permission to ship messages by e mail. Permission to ship messages should be enabled within the terminal settings; learn the directions.

– Further data

The parameter specifies further details about the indicator in order that the consumer can distinguish which program despatched the message. The knowledge is displayed within the message header.

Instance: you put in two indicators on the identical instrument and on the identical timeframe with completely different parameters, one indicator has a interval of 10, the opposite has a interval of 30. To know which indicator despatched the message, you want the Further data parameter, you possibly can point out further data, for instance, the interval that the indicator makes use of, then within the message you will note which indicator despatched the message.

 

Arrow show settings:

– Arrow shift

The parameter configures the vertical offset of the arrows on the chart.

– Arrow measurement

The parameter configures the scale of the arrows.

– Up arrow shade

This parameter configures the colour of the up arrow.

– Down arrow shade

This parameter configures the colour of the down arrow.

– Up arrow code

The parameter configures the up arrow code.

– Down arrow code

The parameter configures the down arrow code.

Examples of arrow codes.

 

Calculation components

SizeHL > ATR × ATR multiplier, the place:

SizeHL – candle measurement from Excessive to Low,

ATR – ATR indicator worth with candle index 1 (final closed candle),

ATR multiplier – ATR worth multiplier.

 

Situation for displaying an up arrow

The scale of the candle from Excessive to Low is larger than the ATR worth multiplied by the coefficient.

Bullish candle.

Take away subsequent arrows = YES

The final arrow on the chart must be down.

Situation for displaying down arrow

The scale of the candle from Excessive to Low is larger than the ATR worth multiplied by the coefficient.

Bearish candle.

Take away subsequent arrows = YES

The final arrow on the chart must be upward.

Instance

A brand new candle has appeared, the indicator measures the final closed candle, will get the ATR worth to multiply it and evaluate it with the scale of the measured candle. For instance, a bullish candle appeared, the scale of the candle from Excessive to Low is 100 factors, the ATR worth is 40 factors, ATR multiplier = 2.0. We substitute the values into the calculation components 100 > 40 × 2.0 (SizeHL > ATR × ATR multiplier), the candle measurement is larger than the ATR worth multiplied by the coefficient and the candle is directed upward, so the indicator shows an upward arrow.

 

Subscribe to the MQL5 and Telegram channels to obtain notifications about new applications, updates and different data.

My contacts are on MQL5 and Telegram.

 

Model for MetaTrader 4.

Model for MetaTrader 5.

Professional Advisor primarily based on the indicator:

‘MA7 Ixora C1’ for MetaTrader 4.

‘MA7 Ixora C1’ for MetaTrader 5.

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