Re: MT4 Indicator requests and ideas

213
smok wrote:Hey mladen, mrtools, mntiwana and all.

is there any wick alert indicator?

i tried to explain on chart.
 
As per my poor knowledge,averaging wicks is strange idea,out of my head,here is a picture,simply averaging 10 periods,open,close,high,low prices,and it is telling exact what the price doing now.
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Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.

Re: MT4 Indicator requests and ideas

214
mntiwana wrote: As per my poor knowledge,averaging wicks is strange idea,out of my head,here is a picture,simply averaging 10 periods,open,close,high,low prices,and it is telling exact what the price doing now.
actually it is not averaging wicks. its kind of measure price action.

if candlestick is bull  : lower wick + body - upper wick
if candlestick is bear:  lower wick - body - upper wick




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