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Float
Float MetaTrader indicator a sophisticated
indicator that analyzes the previous chart history for the given currency pair
and then tries to analyze the trends in the current situation. It shows the
trends' beginnings and ends in a separate chart window and the Fibonacci
retracement levels combined with the DiNapoli levels on the main chart. It
also displays how long ago the local high and low were detected. This indicator
is available for MT4 and MT5.
Input parameters:
- float (default = 200) the amount of bars to process
for trend analysis. The lower is the number the more current the data will be
but the less accurate the analysis will be.
- use_fibos (default = 1) if 1 then Fibonacci
retracements will be drawn on chart. If 0 then Fibonacci retracements won't be
drawn on chart.
- Backtesting (default = 0) doesn't affect anything.
As you can see, the trend's beginning and the end are marked clearly on the
chart with this indicator. You can attach it and wait for the beginning of the
next trend and then decide whether to buy or sell. Fibonacci retracement levels
can be used for the target and stop-loss levels.
Downloads:
Float in .zip for MetaTrader 4
Float in .mq4 for MetaTrader 4
Float in .zip for MetaTrader 5
Float in .mq5 for MetaTrader 5
Discussion:
Warning! Before you ask any basic questions regarding installation of
the indicators, please, read this
MetaTrader 4 Indicators Tutorial or MetaTrader 5 Indicators Tutorial
to get the elementary knowledge on handling them.
Do you have any suggestions or questions regarding this indicator? You can
always
discuss Float with
the other traders and MQL programmers on the indicators forums.
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