This is an individual use tool for analyzing the market situation is an analog of It is very easy to operate. After installing the indicator on the chart, you will see three vertical lines, named as “VLine 1”, “VLine 2” and “VLine 3” and following in this order from left to right. For the correct operation of the utility, you need to always follow this sequence. Pay attention to one more point. During the initial installation, the lines may not be linked to certain price levels on the chart. You will need to do this in accordance with the following rule: if line 1 is set to identify the depression, then line 2 should be set at the top, and line 3, respectively, should be set as the first one: in the hollow. This is a kind of LOW-HIGH-LOW zigzag. If you have chosen a vertex on line 1 as the starting point, then your sequence should be as follows: HIGH-LOW-HIGH. The advantage of this method is that you determine the peaks and troughs yourself for analyzing the market situation. The indicator is equipped with the ability to install such graphical tools as Andrews pitchfork, two types of Fibonacci levels, as well as linear regression and standard deviation channels. Each section of the indicator parameters is provided with a corresponding label, and the settings themselves are reduced to the minimum necessary for their display.
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- ___| Line — section for displaying vertical lines:
- Line 1 Color — the color of the 1st line;
- Line 2 Color — the color of the 2nd line;
- Line 3 Color — the color of the 3rd line;
- Line Style — line display style;
- Line Thickness — line thickness;
- Delete lines? – mode for deleting lines when changing the timeframe or deleting the indicator;
- ___| Pitchfork-Andrews pitchfork display section:
- Fitting Pitchfork – installing Andrews pitchfork, enabled by default;
- Color Pitchfork — Andrews pitchfork color;
- ___| Fibo-section for displaying Fibonacci levels:
- Inclusion levels Fibo-setting the Fibonacci levels, enabled by default;
- Installing Fibo levels — installation type: default-standard, or Bobokus levels;
- Distance pips to turn Fibo levels-the required minimum level in pips to set, by default-60;
- Color Fibo Levels — color of the Fibonacci levels;
- ___| Linear Regression Channel-section for displaying the linear regression channel:
- Inclusion Linear Regression Channel – setting the linear regression channel, enabled by default;
- Channel color — the color of the channel lines;
- Style of channel lines — the style of the channel lines;
- Width of channel lines — the thickness of the channel lines;
- Channel’s continuation to the right — continuation of the channel lines to the right, disabled by default;
- ___| Standard Deviation Channel-section for displaying the standard deviation channel:
- Standard Deviation Channel-setting the standard deviation channel, enabled by default;
- Deviation — deviation, default-1.0;
- Channel color — the color of the channel lines.
- Style of channel lines — the style of the channel lines;
- Width of channel lines — the thickness of the channel lines;
- Channel’s continuation to the right — continuation of the channel lines to the right, disabled by default;
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