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The Vidente indicator for MetaTrader is a tool for determining the price trend. For novice traders, this is a great help in assessing the trend, and professional traders can find confirmation of their opinion in it.
Numerical values need to be evaluated and compared, and the curve of the graph shows the trend and the expected logical conclusion.
The Vidente indicator for MetaTrader 4 is a reliable tool for every day for successful work. It is easy to use, based on valid data, and works fast.
The indicator is not designed to predict strong movements. It gives the trader an idea of where the price might go in the near future. Since this is a purely technical indicator, the forecast will be more accurate if no important news concerning the symbol is expected to be released during the forecast period.
The indicator is configured in the input parameters. The line being formed depends on the exInput parameter (an integer value from -10 to 10).
The principle of operation:
The price forecast is generated based on complex calculations of data including OHLC and RSI prices.
If the market is overbought or oversold, the forecast is not created.
The indicator spends very few resources, as it is drawn only once. Only after the forecast period ends, the indicator draws a new line. The length of the prediction depends on the RSI indicator.
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Application:
It is recommended to wait some time after receiving the forecast and check if it is going in the right direction. Very often, it is during strong fluctuations that the price can go in the opposite direction.
Input parameters:
- Precision – affects the duration of the generated curve
- Aggression – aggressiveness. The higher the value, the larger the curve
- ExInput – an integer from 10 to -10, affects the direction of the curve
- Morph – multiplier for exInput
- Horizon – the minimum number of bars on the chart before the line is drawn
Features:
- The indicator gives a specific forecast, which in more than 60% of cases.
- It can be used in the development of Expert Advisors.
- Consumes few resources.
- Draws just one line in the graph window instead of displaying a large number of numeric values.
- It works on all timeframes and symbols.
- The forecast is configured in the input parameters.
- Please contact us if you have any questions and suggestions.
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