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Measured movement MT5

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The indicator of patterns No. 32 and No. 33 (“Measured movement up/down”) from the book by Thomas N. Bulkovsky “The Complete encyclopedia of graphical price models”.

Parameters:

  • Alerts-Enabling alerts when an arrow appears  
  • Push-Sending a Push notification when an arrow appears (configuration is required in the terminal)
  • PeriodBars – The period of the indicator
  • MinMovment – The minimum amount of movement (in points)
  • BackMovment – The maximum value of the reverse movement (in fractions of one)
  • ArrowType-Icon: from 1 to 17
  • ArrowVShift – Vertical shift of icons in points  
  • ShowLevels – Show levels
  • ColUp – The color of the lines up
  • ColDn – The color of the lines down
  • Auto5Digits-Automatic multiplication of MinMovment by 10 when working on 5-and 3-digit quotes.

Note. The arrows appear on the forming bar, they do not disappear after they appear.

Note. The arrows appear on the forming bar, they do not disappear after they appear.

There is no guarantee that the indicator recognizes the pattern exactly as the author of the book intended. Parameters recommended for optimization: PeriodBars, MinMovment, BackMovment.

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