Hi!
Another request for ON/OFF Button for indicator. Thanks in advance!
The indicator on the quadrangle patterns, designed to work on hourly timeframes.
Indicator displays quadrangle figure, angles of which are
Daily Open
Daily High
Daily Close
Daily Low
The essence of the system is visual determination of subsequent movement:
If the latter figure has a narrowing and the narrowing is less than the base of the figure, it forecasts continuation of a trend (at least the size of the base)
If the latter figure has an expansion and the expansion is greater than the base of the figure, it predict possible reversal (at least the size of the base)
If the base and the end of the figure are visually equal, a correction is expected
