HERE IS ANOTHER SIMPLE INDICATOR....THAT CONFIRM BIG MOVES

THE FAIRY TALE:
THIS JUST GIVES HIGHER HIGHS AND LOWER LOW....SO A DIVERGENCE SYSTEM SHOULD BE IMPLEMENTED!!
THIS IS FALSE.

THE TRUE HISTORY:
THIS INDICATOR FOR ALL CANDLES IT DOES THE (HIGH+LOW)/2 ...MEANING IT FINDS THE "MIDDLE POINT OF THE BATTLE"(MPOTB)
IT THEN PROCEEDS FOR TO FIND FOR SOME LOOKBACK PERIOD ...THE HIGHEST AND LOWEST OF THE BATTLES(MPOTB)
AND FINALLY IT COMPARES THEM TO THE ACTIVE CLOSE
IF CLOSE>HIGHEST BATTLE ==>BULLISH SIGNAL...GREEN
IF CLOSE<LOWEST BATTLE ==> BEARISH SIGNAL...RED

OVER ALL THIS INDICATOR PREDICTS STRONG ENTRIES, CONTINUATION, REVERSAL
WHILE AVOIDING WHIPSAWED.

WHEN TRADING IT BLIND SIGNAL SHOULD NOT BE TAKEN...PRICE ACTION ANALYSIS SHOULD BE CONDUCTED.
THE SIGNAL THAT THE INDICATOR GIVES SHOULD BE POINTS OF INTEREST WHERE YOU WILL CONDUCT YOUR ANALYSIS

FINALY THIS INDICATOR LIKE TO CONFIRM LONG WICKED DOJI CANDLES AND EXTERTED CANDLES

Put it on 50 period and the bullish signal show breaking of resistance...
And the bearish signal shows breaking of support
Now u cooking with fire!!!!

yisrael wrote: Wed Dec 15, 2021 11:36 pm Put it on 50 period and the bullish signal show breaking of resistance...
And the bearish signal shows breaking of support
Now u cooking with fire!!!!

Yes, had 48 in M5, works as a SR in future, thanks

ZZTop wrote: Thu Dec 16, 2021 12:07 am Yes, had 48 in M5, works as a SR in future, thanks

Good good...
I will say that for resistances only.....but it is the same for support,the only difference is the use of bearish bar.
With period 50
If you got a cluster of green bars the ...
The most left green bar shows the breaking of the old resistance...
The most right green bar shows the establiment of new resistance...
Pretty cool ,right?

still learning, but looks good

yisrael wrote: Wed Dec 15, 2021 6:45 pm HERE IS ANOTHER SIMPLE INDICATOR....THAT CONFIRM BIG MOVES

THE FAIRY TALE:
THIS JUST GIVES HIGHER HIGHS AND LOWER LOW....SO A DIVERGENCE SYSTEM SHOULD BE IMPLEMENTED!!
THIS IS FALSE.

THE TRUE HISTORY:
THIS INDICATOR FOR ALL CANDLES IT DOES THE (HIGH+LOW)/2 ...MEANING IT FINDS THE "MIDDLE POINT OF THE BATTLE"(MPOTB)
IT THEN PROCEEDS FOR TO FIND FOR SOME LOOKBACK PERIOD ...THE HIGHEST AND LOWEST OF THE BATTLES(MPOTB)
AND FINALLY IT COMPARES THEM TO THE ACTIVE CLOSE
IF CLOSE>HIGHEST BATTLE ==>BULLISH SIGNAL...GREEN
IF CLOSE<LOWEST BATTLE ==> BEARISH SIGNAL...RED

OVER ALL THIS INDICATOR PREDICTS STRONG ENTRIES, CONTINUATION, REVERSAL
WHILE AVOIDING WHIPSAWED.

WHEN TRADING IT BLIND SIGNAL SHOULD NOT BE TAKEN...PRICE ACTION ANALYSIS SHOULD BE CONDUCTED.
THE SIGNAL THAT THE INDICATOR GIVES SHOULD BE POINTS OF INTEREST WHERE YOU WILL CONDUCT YOUR ANALYSIS

FINALY THIS INDICATOR LIKE TO CONFIRM LONG WICKED DOJI CANDLES AND EXTERTED CANDLES

monster-breakout.mq4

look at this indicator with your own)

blonde wrote: Thu Dec 16, 2021 2:25 am look at this indicator with your own)

CAN U PUT THE QUANTUM TT INDICATOR ON CODE TAGS...
I DONT WANT TO DOWLOAD THE INDICATOR
THEN I WILL REVIEW IT ...GRADLY

At first glance, it seems that monster-breakout is less accurate than Quantum TT (Close). But then you can see that where there is a Quantum T T (Close), but there is no monster-breakout, there is nothing to tear, the price does not go further.

yisrael wrote: Thu Dec 16, 2021 2:46 am CAN U PUT THE QUANTUM TT INDICATOR ON CODE TAGS...
I DONT WANT TO DOWLOAD THE INDICATOR
THEN I WILL REVIEW IT ...GRADLY

________________________________________________________________________________
//+------------------------------------------------------------------+
//| Quantum.mq4 |
//+------------------------------------------------------------------+
//2012Jan27 mod for mer071898
#property copyright "© zznbrm, 2010 © jacik, Tankk, 29 марта 2020, http://forexsystemsru.com/"
#property link "https://forexsystemsru.com/threads/indi ... nkk.86203/" ////https://forexsystemsru.com/forums/indikatory-foreks.41/
#property strict

//---- indicator settings
#property indicator_chart_window
#property indicator_buffers 3
#property indicator_color1 clrDodgerBlue
#property indicator_color2 clrSpringGreen //Aquamarine
#property indicator_color3 clrDeepPink //Magenta
#property indicator_width1 2
#property indicator_width2 4
#property indicator_width3 4

//---- input parameters //60;
extern int qPeriod = 100; // = 24;
extern int qShift = 6;
//---- indicator buffers
double gadblUp3[];
double gadblDn3[], ZIGZAG[];

//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
IndicatorBuffers(3); IndicatorDigits(Digits); if (Digits%2==1) IndicatorDigits(Digits-1); //if (Digits==3 || Digits==5)

SetIndexBuffer( 0, ZIGZAG ); // впадина
SetIndexEmptyValue( 0, 0.0 );
SetIndexStyle( 0, DRAW_SECTION );
SetIndexLabel( 0, "ZigZag" );
SetIndexShift( 0, qShift );

SetIndexBuffer( 1, gadblUp3 ); // впадина
SetIndexEmptyValue( 1, 0.0 );
SetIndexStyle( 1, DRAW_ARROW );
SetIndexArrow( 1, 250 );
SetIndexLabel( 1, "Bottom" );

SetIndexBuffer( 2, gadblDn3 ); // пик
SetIndexEmptyValue( 2, 0.0 );
SetIndexStyle( 2, DRAW_ARROW );
SetIndexArrow( 2, 250 );
SetIndexLabel( 2, "Vertex" );

//---- name for DataWindow and indicator subwindow label
IndicatorShortName( "Quantum [" + IntegerToString(qPeriod) + "]" );

return( 0 );
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
return( 0 );
}

//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int counted_bars = IndicatorCounted();

if (counted_bars < 0) return (-1);
if (counted_bars > 0) counted_bars--;
int intLimit = Bars - counted_bars - 1;

int intLow3, intHigh3;

for( int i = intLimit; i >= 0; i-- )
{
gadblUp3 = 0.0;
gadblDn3 = 0.0; ZIGZAG=0;

intLow3 = iLowest( NULL, 0, MODE_LOW, qPeriod, i );

if ( intLow3 == i )
{
gadblUp3 = Low;
}

intHigh3 = iHighest( NULL, 0, MODE_HIGH, qPeriod, i );

if ( intHigh3 == i )
{
gadblDn3 = High;
}
//---
ZIGZAG = (gadblUp3!=0) ? gadblUp3 : gadblDn3[i];
}
return( 0 );
}
________________________________________________________________________________
________________________________________________________________________________
this indicator works in high / low and does not read the color of the candle, only squares(arrows) non repaint ZIGZAG

Sorry.

monster-breakout 50
Quantum TT (Close). 50, 1