Float - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

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Float - is a rather complex indicator that analyzes the previous chart history of this currency pair and then tries to analyze the current market situation trend. It shows the start and end of the trend in a separate chart window, and displays Fibonacci retracement levels and DiNapoli levels in the main window. It also shows when local maxima and minima occur.

It should be taken into account that the indicator redraws on every bar, therefore, before using it in your work, you should study its behavior in the strategy tester history!

Indicator input parameters:

 //+------------------------------------------------+
//| Indicator input parameters |
//+------------------------------------------------+
Enter integer float = 200 ; //Number of bars for trend analysis. The lower this number is, the fresher the data is, // but the analysis becomes less precise.
Input boolean use_fibos= true ; //Fibonacci levels authority
Input ENUM_APPLIED_VOLUME volume type = volume_scale ; // volume 

Figure 1 Floating indicator

Attachment download

📎 float.mq5 (15.26 KB)

Source: MQL5 #1577