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Bar Size MT4

FREE

Published: 25 January 2022

Current version: 1.2

Bar Size MT4

Name: Bar Size MT4
Rating: 5 (6 reviews)
Author: Mikhail Tcvetkov

The technical indicator, in real time, searches for candlesticks that exceed the size set in the settings and gives signals about them. As a rule, such abnormally large candles appear either at the beginning of strong impulses or at the end of a directional price movement. At the beginning of the pulse, the signal can serve as a basis for searching for an entry point, at the end of the movement, it is a sign of a climax and may indicate the near end of the trend. The reference size for filtering abnormal candlesticks can be the ATR value of the corresponding period, increased by 20-50%.

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3471

John Winsome Munar 2022.06.20 18:06 #

Good indicator

vikkhal 2022.04.27 06:43 #

Господа! Я прикрепил индикатору шкалу от RSI, можно (приблизительно) считать АТР свечи на средних и больших тайм фреймах, если свеча превышает 75% и более, жди отскока или разворота, посмотрите внимательно.

154

Triforex 2022.04.07 11:00 #

Very good indicator, the operation is well explained. I use it for manual trading. Also in my opinion that signal candles should be painted in alternative colors.

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The indicator gives buy and sell signals in real time. When choosing a direction according to the main trend, about 75-80% of the signals are processed into profit. Absolutely all signals remain on the chart and do not change their position, so you can easily test the operation of the indicator both on the history and in the strategy tester. The indicator settings are simple and logical: the Velocity parameter is responsible for the number and frequency of signals, the optimal value is from 10 t

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Filter:

3471

John Winsome Munar 2022.06.20 18:06 #

Good indicator

vikkhal 2022.04.27 06:43 #

154

Triforex 2022.04.07 11:00 #

Very good indicator, the operation is well explained. I use it for manual trading. Also in my opinion that signal candles should be painted in alternative colors.

Valeriy Orekhov 2022.02.03 20:19 #

Идея очень интересная. Просто и понятно. Вдобавок его можно использовать с любой торговой системой или при ручной торговле. Согласен с portgsm , что сигнальные свечи желательно раскрасить в альтернативные цвета. Индикатор весьма чувствителен к выбору таймфрейма и требует индивидуальной подгонки для каждого. По моему мнению порог срабатывания (Signal Level) было бы целесообразно вынести в окно индикатора Bar Size MT4 для изменения мышью. Тогда легко выбрать оптимальный для точек входа или закрытия позиции. Отличная работа.

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Reply from developer Mikhail Tcvetkov 2022.02.04 08:03 #

Валерий, спасибо за идеи. Если индикатор получит дальнейшее развитие, то обязательно их включу.

robertnata82 2022.02.03 11:13 #

Очень полезный индикатор, идея интересная. Помогает с большой вероятностью определять места входа и закрытия позиции. Удобен, нагляден и прост в пользовании. Думаю, что как один из фильтров принятия решения, индикатор может использоваться с любой торговой системой.

portgsm 2022.02.03 09:40 #

Было бы полезно (мое мнение) сигнальные свечи раскрасить в зависимости от направления (зеленые-красные). Визуально сразу понятно куда импульс. На скрине (слева) было бы видно, что есть поглощение нисходящего имульса. Так всё интуитивно понятно. гут