TradeighT
- Indicators
- Lorenzo Monari
- Version: 48.31
- Updated: 4 August 2024
- Activations: 5
⭐ The tool identifies the real movement that the market uses, with real mathematical calculations based on the price changes.
⭐ TradeighT execution is based on this mathematical relationship that has always existed.
⭐ Most traders look at the same things and study the same information, for this reason the majority loses money.
⭐ It is a product based not on the ideas of the majority but on the 4 real foundations that rule the market.
⭐ The tool is a visual tool, easy to understand and simple to use, available for all backtestable symbols.
Exclusively for MT4.
The indicator uses high reaction price levels:
- provides current take-profit prices
- provides levels for use with technical analysis
- provides zigzag
- provides the current trend
- provides targets with high % of success
📊 https://t.me/tradeightrading
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HORIZONTAL NON-PERMANENT TRENDLINE BUYTRENDLINE (selectable)
- numbered from 1 to 5
- colour editable from INDICATOR PROPERTIES (TPBuy)
- price to be used as takeprofit in a BUY order
HORIZONTAL NON-PERMANENT TRENDLINE SELL
- numbered from 1 to 5
- colour editable from INDICATOR PROPERTIES (TPSell)
- price to be used as takeprofit in a SELL order
HORIZONTAL PERMANENT TRENDLINE
- to be used as support or resistance
VERTICAL TRENDLINE
- to be used as a time reference for the start of a HORIZONTAL NON-PERMANENT TRENDLINE
GENERAL METRICS
Each NUMBER is linked to a candle.
Each NUMBER has its own HORIZONTAL NON-PERMANENT TRENDLINE.
Each HORIZONTAL NON-PERMANENT TRENDLINE e has its own VERTICAL TRENDLINE.
When the HORIZONTAL NON-PERMANENT TRENDLINE is touched by the price, it disappears.
When a HORIZONTAL NON-PERMANENT TRENDLINE disappears, the NUMBER and VERTICAL TRENDLINE linked to that HORIZONTAL NON-PERMANENT TRENDLINE will disappears.
If a HORIZONTAL NON-PERMANENT TRENDLINE disappears before it has been touched by the price, a new HORIZONTAL NON-PERMANENT TRENDLINE with the next NUMBER appears in the opposite direction.
VERTICAL LINES
VERTICAL LINE BUY
- color of the HORIZONTAL NON-PERMANENT TRENDLINE BUY
- indicates a TREND BUY
VERTICAL LINE SELL
- color of the HORIZONTAL NON-PERMANENT TRENDLINE SELL
- indicates a TREND SELL
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SETTINGS
Possibility to activate and deactivate objects, before the backtest from INDICATOR PROPERTIES, after and during the backtest via BUTTONS on the chart:
- X = HORIZONTAL PERMANENT TRENDLINES
- Y = VERTICAL LINES
- Z = ZIGZAG
To have the same TEMPLATE at each backtest, open a new symbol, change colours and characteristics, and save the TEMPLATE as tester.tpl
-(1)- For a complete analysis, set the backtest date at 10 years prior to the start date.
-(2)- Add 1 more month to the current date, and use it as the end date of the backtest.
-(3)- To speed up the backtest, press the SKIP TO button and enter the date equal to the end date of the backtest.
See images for further details.
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The tool provides all the necessary informations to identify future price movements with extreme precision,
with the possibility of analysing the history for research and statistics.
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