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MTF High, Low, Midpoint

This is a discussion on MTF High, Low, Midpoint within the Trading tools forums, part of the Trading Forum category; Hi, Please check out the MTF HighLowMidpoint indicator which is similar to the well-known Jan Arps' indicator . Regards, Igor...

          
   
  1. #1
    Developer igorad's Avatar
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    MTF High, Low, Midpoint

    Hi,

    Please check out the MTF HighLowMidpoint indicator which is similar to the well-known Jan Arps' indicator.

    MTF High, Low, Midpoint-hilomidpoint_1-600-.png

    Regards,
    Igor
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  2. #2
    Administrator newdigital's Avatar
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    Thanks a lot - this is good indicator:

    MTF High, Low, Midpoint-audusd-h4-alpari-limited-3.png


    MTF High, Low, Midpoint-audusd-m15-alpari-limited.png
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  3. #3
    Senior Member matfx's Avatar
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    Great indicator, reminds me of the old VT Trader trading platform which it use the high low for each default chart.

    MTF High, Low, Midpoint-usdcad.jpg

    MTF High, Low, Midpoint-eurjpy.jpg

  4. #4
    Developer igorad's Avatar
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    Hi,

    Please check out the updated MTF HighLowMidpoint indicator with the period separator.

    MTF High, Low, Midpoint-hilomidpoint_1.1-600-.png


    Regards,
    Igor
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    newdigital, Alex-162 and yy3yy like this.

  5. #5
    Senior Member mql5's Avatar
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    XPoints to predict the possible reversal points

    XPoints - indicator for MetaTrader 5

    MTF High, Low, Midpoint-picture__47.png


    The indicator predicts the possible reversal points. The EURUSD chart show an interesting pattern - some time before the reversal, there are bars with the following features:

    1. rate = (High - Low) / MathAbs(Close - Open) is significantly greater than 1;
    2. the lowest point (Low) touches the bottom of the channel (possible price growth), or the highest point (High) touches the top of the channel (possible price fall)

    These bars are conventionally called X-points. The indicator finds X-points based on the xrate parameter:
    (rate >= xrate) && (High-Low) >= xsize && (Up-Dn)>= xminupdn
    To filter out false signals, the indicator analyzes the bar that follows the X-point for any price movement in the predicted direction, as well as the position of bar midpoints relative to the center of the channel and each other.
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  6. #6
    Senior Member FXstreet's Avatar
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    Facebook: Top Manager Sees More Upside

    Facebook (FB) was off to a good start in 2019 even before it reported Q4 earnings last week and then jumped over 10% after beating expectations on revenues, earnings and monthly active users. Tony Mitchell, one of my managers, first bought Facebook at $16. At today's price of $169, Tony is still not selling because he sees more upside.

    MTF High, Low, Midpoint-fb.usweekly1.png


    Although Facebook is now up 22% year to date, it is still 24% off of its 52-week high of $218.62.

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