Float MT4 indicator - a complex indicator, which analyzes the past history on the schedule for this currency pair and then tries to analyze the trends in current market situation. It shows the beginning and end of trends in a separate window graphics as well as kickbacks Fibonacci levels in the main window. It also shows how long ago was a local maximum and minimum.
Input parameters:
* Float (default = 200) - the number of bars for trend analysis. The lower this number, the more recent are the data, but the analysis becomes less accurate.
* Use_fibos (default = 1) - if 1, the Fibonacci levels will draw the graph. If 0, the Fibonacci levels will not draw on the graph.
* Backtesting (default = 0) - everything is not affected.
As you can see, the beginning and end of the trend clearly marked on the schedule this indicator. You can connect it and wait for the next trend, and then decide to buy or sell. Rollback Fibonacci levels can be used for the installation of stop-loss and take-profit.
Download:
Float in. Zip
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