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Ross Hook Indicator

Ross Hook is a price pattern indicator that help traders to forecast market inversions.

The activation of the pattern could identify turning points by finding the breakout SR levels or technical analysis figures like triangles, rectangles or head and shoulder.

The Indicator runs in all Brokers using Metatrader 4 platform and can be used in an Expert Advisor or as a support of manual trading.

This indicator is composed by the OnChart and OnWindow parts:

  1. OnChart: Draws the points 1, 2 and 3 to visualize the pattern.
  2. OnWindow: 4 buffers to read the pattern:
    • Buffer 0: 
       0 no signal
      -1 bearish signal
      +1 bullish signal
    • Buffer 1: Price of the point 1 (useful to place the stop loss)
    • Buffer 2: Price of the point 2 (the level of the activation of the pattern)
    • Buffer 3: Price of the point 3. (alternative stop loss)
To know more visit: BacktestMarket






















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Reversal First Impulse levels (RFI)    INSTRUCTIONS        RUS       -       ENG              R ecommended to use with an indicator   -   TPSpro  TREND PRO -  Version MT5 A key element in trading is zones or levels from which decisions to buy or sell a trading instrument are made. Despite attempts by major players to conceal their presence in the market, they inevitably leave traces. Our task was to learn how to identify these traces and interpret them correctly. Main functions: Displaying activ
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Supports and Resistances
Andrea Ferrari
5 (1)
Indicators
Supports & Resistances is an indicator that draws and reads automatically support and resistance levels like trendlines and fibonacci retracements to identify the most likely areas where the market will bounce. It mainly generates several horizontal and diagonal lines based on past highs and lows. The strenght:  Reading on the code the supports and resistances areas permits to use the indicator in the Expert Advisor. The risk:  Too many drawn lines on chart could confuse the manual trader but it
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