DYJ BoS MT4
- Indicators
- Daying Cao
- Version: 1.7
- Activations: 5
Break of Structure (BoS): Detected when there is a significant price movement breaking previous structural points.
It mark possible uptrend and downtrend lines(UP & DN,It means constantly update high and low), and once the price breaks through these lines, mark the red (BEAR) and green (BULL) arrows.
BoS typically occurs when the price decisively moves through swing lows or swing highs that had been established by previous price action. When prices rise above the swing highs or fall below the swing lows, they simply break the previously formed market structure and hence their name “Break” of structure. This usually indicates a change in market sentiment and trend direction, signaling a continuation of the existing trend or the beginning of a new trend.Usually, in order to improve accuracy, we recommend using an aspect ratio of SL=7 * TP,
For foreign exchange symbol, TP=500(5$/minlot) is set, SL=3500(35$/minlot); Unit Points.
For Volatility 75 Index symbol, TP=500000(5$/minlot) is set, SL=3500000(35$/minlot); Unit Profit.
For the Boom 1000 Index symbol, set TP=$30/minimum trading volume and SL=$30/minimum trading volume;
When a certain UP and DN price line is broken, the time when the next UP and DN line appears can be used as the final closing opportunity.
DYJ BoS is suitable for any symbol of chart periods.
And these BUY and SELL signals are sent out.
If you need to automatically follow the indicator to open and close the warehouse, please download the utility software DYJ Follow Me.INPUT
InpUseLanguage = English -- Use Language
InpScanBoSBars = 20 -- BoS Bars