This is a tool for individual use for analyzing the market situation, It is an analogue, 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 proper functioning 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 compliance with the following rules: if line 1 is installed to identify the depression, then line 2 should be installed at the top, and line 3, respectively, should be installed as well as the first: in the hollow. This is a kind of LOW-HIGH-LOW zigzag. If you have chosen the vertex on line 1 as the start, then your sequence should be as follows: HIGH-LOW-HIGH. The advantage of this method is that you yourself determine the peaks and troughs for analyzing the market situation. The indicator is equipped with the ability to install such graphical tools as Andrews forks, 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? – the mode of deleting lines when changing the timeframe or deleting the indicator;
- ___| Pitchfork – Andrews pitchfork display section:
- Fitting Pitchfork – Andrews pitchfork installation, enabled by default;
- Color Pitchfork — Andrews Pitchfork color;
- ___| Fibo – section for displaying Fibonacci levels:
- Inclusion levels Fibo – setting Fibonacci levels, enabled by default;
- Installing Fibo levels — installation type: by default – standard, or Bobokus levels;
- Distance pips to turn Fibo levels — the required minimum level in pips for installation, by default – 60;
- Color Fibo Levels — the color of 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 — style of 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 – Standard Deviation channel display section:
- Standard Deviation Channel – setting the standard deviation channel, enabled by default;
- Deviation – deviation, by default – 1.0;
- Channel color — the color of the channel lines.
- Style of channel lines — style of 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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