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Pivot Point is a technical indicator used in technical analysis derived by calculating the numerical average of a particular stock's (or any other financial asset like forex pair or any future contract) high, low and closing prices.
On the following day, if the market price trades above the pivot point it is usually considered as a bullish sentiment, whereas if it trades below the pivot point is seen as bearish
A pivot point and the associated support and resistance levels are often turning points for the direction of price movement in a market. In an up-trending market, the pivot point and the resistance levels may represent a ceiling level in price above which the uptrend is no longer sustainable and a reversal may occur. In a declining market, a pivot point and the support levels may represent a low price level of stability or a resistance to further decline.It is customary to calculate additional levels of support and resistance, below and above the pivot point, respectively, by subtracting or adding price differentials calculated from previous trading ranges of the market.
This is a Price Action Indicator, that helps you to identify the difference between trend / sideway market. Unlike Highest High Lowest Low indicator, here you don't need to set period. It adapts to the market, based on the logic of inside bars.
Buy, when price is above EMA and breaks up from the consolidation channel.
Sell, when price is below EMA and breaks down from the consolidation channel.
The Hull Moving Average (HMA), developed by Alan Hull, is an extremely fast and smooth moving average. In fact, the HMA almost eliminates lag altogether and manages to improve smoothing at the same time.
The Heikin-Ashi technique is extremely useful for making candlestick charts more readable--trends can be located more easily, and buying opportunities can be spotted at a glance. The charts are constructed in the same manner as a normal candlestick chart, with the exception of the modified bar formulas. When properly used, this technique can help you spot trends and trend changes from which you can profit!
How to install:
1) Double click on downloaded file and follow instructions
2) Add indicator from Custom menu:
3) Switch main chart to line mode:
4) Choose Black for Bear Outline color option:
The basic Fractals are created with 5 or more bars. With 5 bars, if the highest high is in the middle of the two lower highs on each side an up fractal is generated. Conversely, a down fractal is created when the lowest low is in the middle of two higher lows on each side. Since the fractal can only be created two bars later it is considered a lagging indicator, but if it is assumed that the reversal will last for more bars then the trend will remain as is.
Trend Indicator showing an Up Trend when the current close price is higher than the main trend line in uptrend and a Down Trend when the current close price is lower than main trend line in downtrend. The main trend line in uptrend equals to the median price plus a multiple of the average true range and the main line in downtrend equals the median price minus the multiple of the average true range.
Create in mq4 this program and i use simple convert from mq4 to cAlgo.
What can I say "The Trend Is Your Friend, Until It Ends :-)", create auto trend line with using zigzag indicator .
Good Luck and Have Fun To Make Pips.