MTF High, Low, Midpoint

Hi,

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

Attachment 16576

Regards,
Igor

Thanks a lot - this is good indicator:

Great indicator, reminds me of the old VT Trader trading platform which it use the high low for each default chart.

Hi,

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

Attachment 17544


Regards,
Igor

XPoints - indicator for MetaTrader 5

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.

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.

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

more...

Dear Igor

Could you please add 2Day and 3Day Time Frame option to this HighLowMidpoint_v1.1 Indicator and also show background colors option for oversold and overbought zones.

Thanks & Regards
Giri Prasad

Premium section link -

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AdaptiveCOG Divergence_v2.1 600+ indicator is on this post. This is the advanced adaptive Center of Gravity cycle MTF indicator with divergence, with arrow feature and with all kinds of alerts incl email alert.

Hi,

Please check out the updated HighLowMidpoint indicator.


Attachment 39867


Regards,
Igor

Thanks Igor. What are the changes made, as when plotted v1.2 on v1.1 both are same and no difference noted. Am I missing something?


Regards,
Jag

Originally Posted by igorad

Hi,

Please check out the updated HighLowMidpoint indicator.


Attachment 39867


Regards,
Igor