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XPoints indicator
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=41307
Forum: 17 · Topic 41307 · 2 post(s)
XPoints indicator
Alexander.Gettinger · Tue Jun 18, 2013 2:41 pm
This indicator is a ported MQL5 indicator from http://www.mql5.com/ru/code/1716 (in Russian).
Formulas: Upper[i] - maximum price at range from (i-Period+1) to i, Lower[i] - minimum price at range from (i-Period+1) to i, Middle[i] = (Upper[i]+Lower[i])/2, if Low[i-1]<=Lower[i-1] and High[i-1]<Upper[i-1] and Low[i]>=Low[i-1]+xslope and [(Open[i-1]+Close[i-1])/2<=Middle[i-1] or (Open[i]+Close[i])/2>=(Open[i-1]+Close[i-1])/2+xslope or (High[i]+Low[i])/2>=(High[i-1]+Low[i-1])/2+xslope then UpArrow, if High[i-1]>=Upper[i-1] and Low[i-1]>Lower[i-1] and High[i]<=High[i-1]-xslope and [(Open[i-1]+Close[i-1])/2>=Middle[i-1] or (Open[i]+Close[i])/2<=(Open[i-1]+Close[i-1])/2-xslope or (High[i]+Low[i])/2<=(High[i-1]+Low[i-1])/2-xslope then DnArrow.
The indicator was revised and updated
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Re: XPoints indicator
Apprentice · Sat May 27, 2017 11:49 am
Indicator was revised and updated.