BubblesAndDrops - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Maxaxa angry hunter
Why bubbles and water droplets? This indicator involves the correlation of simultaneously falling water drops (open < close) and bubbles rising to the surface of the liquid (open > close). Each of these environmental "disturbances" causes waves that fade away after a period of time. Using this "consequence" we can try to predict future price movements.
The indicator uses the simplest calculation of fading - f ( x ) = a / x * sin ( x * a ), where a is the amplitude (in this case open - close)
The first history column (Open[historyDeep]) is used as the starting point. The fading value caused by each consecutive bar is sequentially added to the initial value.
Bubbles and water drops
The indicator was first implemented in MQL4 and published in the code base: mql4.com July 18, 2011.
Attachment download
📎 bubbles_drops.mq5 (8.25 KB)
Source: MQL5 #1021
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