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Price Line

5

High, Low, Open, Close — isn't this too much? Sometimes you need a unique history of prices. But if choose one thing, you lose the rest. Smoothing also leads to data loss. Often you lose one of the most important market details: information about extremes. It is due to the preservation of information about the highs and lows, the correct "smoothing" for the history of price is a zigzag. But zigzags also have drawbacks — they do not provide intermediate values.

The Price Line indicator solves this problem by drawing a line at highs or at lows depending in what you need. Similar to the delays in smoothing, there may be some delay, but it is not constant. Often, the indicator can put another point immediately after the bar is closed, but sometimes you have to wait longer.

Treat this line the same way as traditionally smooth ones (for example moving average), although it might seem unusual at first. The result can also be displayed in the form of a zigzag.

Parameters

  • Price Line Order — sets the method of "smoothing";
  • Show as ZigZag — sets the display type;
  • HistoryDepth — sets the depth of history in bars (if 0 — the whole history, if below 0 — the specified date range);
  • StartDate — sets the calculation start date (for HistoryDepth < 0);
  • StopDate — sets the calculation end date (for HistoryDepth < 0).
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Nikolay Likhovid
The RTrends indicator does two things: first, it automatically draws the layout of the price chart by plotting trend lines and, secondly, it produces bearish and bullish signals. The layout reflects the fractal nature of the market. Trends from different time horizons are applied simultaneously on the chart. Thus, from a single chart a trader can see trend lines of higher timeframes. The lines, depending on the horizon, differ in color and width: the older the horizon, the thicker the line is. T
Smart ZigZag
Nikolay Likhovid
Smart ZigZag indicator is a ZigZag, for which the market is actually not accidental. This is not mere words, as this can be confirmed by displayed charts comparing Smart ZigZag and HZZ parameters. But before I describe the screenshots, let's examine a few details concerning Smart ZigZag. This indicator analyzes the chart and identifies certain activity horizons assigning numbers to them. This can be called ranking. For example, M1 EURUSD chart from 4.01.1999 to 3.12.2013 has the average segment
Growing Bands
Nikolay Likhovid
Do you use dynamic ranges (like Bollinger Bands or Envelopes) in your trading? Usually such calculations use a fixed period, but does it reflect the nature of the market? In fact, the price chart consists of a series of successive processes - trends and flats. In this case, we can talk about the internal development logic inside a single process only. Accordingly, the dynamic ranges built for the process occurring "here and now" suit the nature of the market better. The Growing Bands indicator u
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Maksym Mudrakov
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Maksym Mudrakov 2016.08.31 18:51 
 

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Version 1.1 2021.11.18
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