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Following

"Follow the Market Desire".

The indicator shows the market "Desire" (force) on the current and the higher timeframe (TF), indicates the current and confirmed targets, identifies and shows the resistance (Res) and support (Sup) lines of the current and/or older TF.

Not always the Desire on a TF coincides with the possibility (real price movement), but the confirmed target is always achieved in the following "lives". Not always neighboring TFs have identical Desires. Every TF lives its own life, and very often its Desire is opposite to that of the neighboring TFs.

The Desire emerges, develops, reaches the limit, indicates the target it was aiming at, and passively extinguishes, then turns into its opposite, or if continues to develop, it expands. During the development of the Desire, three Res and three Sup levels appear. fir each TF, they differ in both numbers and importance. Of all the six levels of a TF the most important ones are the following: Sup1, Res1 (limits) and Sup3 & Res3 (bases).

This indicator was developed as a result of long-term studies to add quantitative characteristics in the wave theory, which can uniquely identify the wave appearance and property of a particular TF.

As a result of long-term (over 10 years) working in the real market, the indicator has confirmed its reliability, revealed a number of patterns and exceptions, has acquired a large number of extra dimensions, and at the same time showed a high complexity and importance of the relationship of all TFs, from the smallest M1 to the highest MN1. These extensions are included in the professional version of the indicator, which will be proposed later.

The most efficient way to use the indicator is to set it in three windows of one instrument with different periods. For example 5, 30, 240 or 15, 60, 240 etc. The zero bar of the current TF is calculated on each new bar of a smaller TF.

Input Parameters

  • Bar - the number of rendered bars;
  • slow - double the current TF (increase twice), useful for small TFs;
  • TF_high - show support and resistance lines of a higher TF. The ends of lines of a higher TF are farther than those of the current one. Not updated in the tester;
  • Line - show support and resistance lines of the current TF;
  • zz - join the tops of the current TF using lines;
  • up, up_up, dn, dn_dn - colors of support and resistance lines (Sup1, Sup3, Res1, Res3).

The color of indicator lines is preset for the "Green On Black" color scheme.

A note on screenshots: unfortunately due to the size of the screenshots it is impossible to show a complete picture of the market state on the current TF.

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Effortless trading: non-repainting indicator for accurate price reversals Special Offer: Purchase now to receive free bonuses worth $90! (Read more for details) This indicator detects price reversals in a zig-zag fashion, using only price action analysis and a donchian channel. It has been specifically designed for short-term trading, without repainting or backpainting at all. It is a fantastic tool for shrewd traders aiming to increase the timing of their operations. [ Installation Guide | Upd
ECM Elite Channel is a volatility-based indicator, developed with a specific time algorithm, which consists of finding possible corrections in the market. This indicator shows two outer lines, an inner line (retracement line) and an arrow sign, where the channel theory is to help identify overbought and oversold conditions in the market. The market price will generally fall between the boundaries of the channel. If prices touch or move outside the channel, it's a trading opportunity. The
Quantum Breakout Indicator PRO
Bogdan Ion Puscasu
4.96 (25)
Présentation       Quantum Breakout PRO   , l'indicateur révolutionnaire MQL5 qui transforme la façon dont vous négociez les zones d'évasion ! Développé par une équipe de traders expérimentés avec une expérience de trading de plus de 13 ans,   Quantum Breakout PRO   est conçu pour propulser votre parcours de trading vers de nouveaux sommets grâce à sa stratégie de zone de discussion innovante et dynamique. Quantum Breakout Indicator vous donnera des flèches de signalisation sur les zones d
Reversal Sniper is designed to find the extreme reversals of the price. Indicator collects data of Cycle Sniper Indicator. NOTE: REVERSAL SNIPER Indicator is made for Cycle Sniper Users as an additional tool.  However, it can be used by the traders who look for finding out strong reversal levels. Indicator works on all timeframes and all instruments. Reversal  Sniper  Checks: Harmonic Patterns RSI Zig Zag and Harmonic Swings Cycle Sniper Indicator's Buy / Sell Signals The complex algo i
MetaBands M4
Vahidreza Heidar Gholami
5 (2)
MetaBands uses powerful and unique algorithms to draw channels and detect trends so that it can provide traders with potential points for entering and exiting trades. It’s a channel indicator plus a powerful trend indicator. It includes different types of channels which can be merged to create new channels simply by using the input parameters. MetaBands uses all types of alerts to notify users about market events. Features Supports most of the channel algorithms Powerful trend detection algorith
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LUIS ALBERTO BIANUCCI
713
LUIS ALBERTO BIANUCCI 2021.08.19 02:46 
 

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PJ CHAWLA
2164
PJ CHAWLA 2015.10.13 23:47 
 

GREAT INDICATOR. WILL BECOME SUPER GREAT WITH POP-UP ALERTS.

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Version 1.21 2021.11.17
Перекомпилирован под версию 1350
Version 1.20 2015.10.29
1. Changed the indicator inputs.
2. Added alerts (Alert) concerning changes at the current and/or upper timeframe.
3. Added processing of an error occurring in case of an insufficient amount of history bars (usually on MN1).
Version 1.11 2014.09.09
Slightly changed the way the targets are displayed during expansion (3 waves and higher).
Version 1.10 2014.09.04
1. Fixed the error of displaying largest timframe.
2. Added information about symbol, spread and time left before the current bar closes. This function is enabled using parameter "PriceTime" = true. Parameters "Price", "spred", "remainTime" set display color. Parameter "cor" sets the chart corner where the information is to be displayed.