MTF-index of support and also resistance amounts based on this exact extremes of Advanced indicators
zigzag Dynamic and / Extended Fractals with a
disabled cost value in this kind of labels. For that this MTF mode, you can select all greater TF cards. By default, amounts are based on factors
The “Zigzag” index can also be used to plot the point of the Fractal indicator with or instead of the Zigzag. To
simplify the operation and save CPU time, the calculation occurs after on each bar when it’s opened.
- forcedtf-timeframe of the chart for calculating levels (over or equal to the current one)
- maxbarslimit-limit the number of bars used for calculation (to speed up the indicator’s operation time and
reduce the load on the CPU) - minpipslevelwidth – minimum level width in points (used for very narrow levels)
- Use zigzag Extremums points-enable / disable the use of zigzag vertices for calculating levels
resistances/supports - Fixed pips range-the distance between the minimum and maximum for calculating the zigzag indicator
- usedynamicrange-enable / disable dynamic calculation of the distance between the minimum and maximum for the indicator
Zigzag - Dynamic volatility period – the period of volatility for calculating the dynamic distance between the minimum and maximum
for the zigzag indicator - Dynamic volatility koefficient-a volatility multiplier for calculating the dynamic distance between the minimum and
the maximum for the zigzag indicator - Use Fractals points-enable / disable the use of Fractals for calculating levels
resistances/supports - Left fractal bars count – a number that specifies the number of bars on one side to search for a Fractal (excluding
central) - usenarrowbands-enable / disable more “wide” levels (calculated by max. and min. price values
opening / closing of the bar) - killretouch-enable / disable the creation of a new level if it occurs inside the existing one
- topcolor – color of resistance levels
- botcolor – color of support levels
- showlevelspricelabels – enable / disable the display of the label with the price value of the level
- pricelabelwidth – size of the label with the price value of the level
- touchalert-enable / disable the alert when the level is touched
- breakalert-enable / disable the alert when the level is broken
- breakonclose-consider a breakout only after the bar closes behind the level (false – the price of the current bar goes over the level)
- enablealertmesage – enable / disable text message
- enablealertnotification – enable / disable notification
- enablealertmail – enable / disable e-mail messages
- enablealertsound – enable / disable sound notification
- alertsoundfilename – name of the sound alert file
[spoiler title=”Read More…”]
Version for MT4: https://www.mql5.com/ru/market/product/7787
[/spoiler]