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Trend histogram Mefistofel

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Published: 17 March 2021

Current version: 2.2

Trend histogram Mefistofel

Name: Trend histogram Mefistofel
Author: Nikolay Mitrofanov

Indicators
Nikolay Mitrofanov
Version: 2.2
Updated: 16 April 2021

Calculates pivot levels.

It paints the histogram depending on the location of prices relative to these levels.

Parameter values:

style - select the type of display (Histogram, Line, Arrow)
price - price, has little effect on the final look, but this can be customized
timeframe - select a timeframe for calculating levels.
color over pivot line - color of everything above the pivot level
color under pivot line - color of everything below the pivot level
pivot line intersection color - the color when the body of the candlestick crosses the center line
color of resistance level breakout - color when the upper shadow of the candlestick crosses any level
color of support level breakout - the color when the lower shadow of the candlestick crosses any level
two lines intersection color - the color when two shadws crosses levels
boost the result with tick volumes - multiplies the calculation result by the number of ticks of the candle

A choice of level options.

MN1
W1
D1
H12
H8
H6
H4
H3
H2
H1

If the indicator value is near 0, then the price has approached the potential level of reversal or rebound.

Formulas:

Pivot = (high + close + low) / 3
R1 = (2 * Pivot) - low
S1 = (2 * Pivot) - high
R2 = Pivot + (R1 -S1)
R3 = high + (2 * (Pivot - low))
S2 = Pivot - (R1 - S1)
S3 = low - (2 * (high - Pivot))

The horizontal lines in the graph screenshots are shown for clarity. The indicator values are calculated from these lines.

To draw these lines, this utility was used: https://www.mql5.com/en/market/product/63805

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When creating, modifying and moving a trend line, two anchor points will be selected: high / low, open / close, median or weighted from the candlestick prices. For high / low, open / close, if the anchor point is above the candlestick, the upper price will be taken, below the candlestick - the lower one. If the point is inside the candlestick, then if the first point is higher than the second, then the first one goes up, the second goes down. Conversely, if the second is higher than the first

FREE

Draws trend lines from the high and / or low values of the week. The color and thickness of the levels are customizable. All trend lines can be edited. Suitable levels of the past can be renamed and other properties changed. Levels are re-read only on the H1 timeframe once an hour. ...

FREE

The indicator paints the candlesticks of the chart in colors calculated from the values of the strengths of the bulls and bears. It works like this: The values of the two indicators Bears and Bulls are taken, and who is stronger on the candlestick is compared. It's all. .

FREE

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Alexandre Sousa Bezerra 2021.10.31 15:29 #

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ThorstenKock 2021.05.24 18:40 #

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Reply from developer Nikolay Mitrofanov 2021.05.24 18:49 #

Version 2.2 2021.04.16

Добавлен выбор буста.

Version 2.1 2021.04.14

Добавлено выделение цветом пресечение двух уровней двумя свечами. Изменены стартовые цвета.

Version 2.0 2021.04.12

Изменен полностью. Новая версия.

Version 1.3 2021.04.09

Add: tick boost settings

Version 1.2 2021.03.22

Добавлены таймфреймы.

Version 1.1 2021.03.18

Изменена размерность шкалы.
Теперь отображает количество пунктов от уровня.