Clearance Method - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources
This indicator is based on the article: Getting Clear With Short Term Swings by Ron Black
http://www.traders.com/Documentation/FEEDbk_docs/2010/09/Black.html
http://www.traders.com/Documentation/FEEDbk_docs/2010/09/TradersTips.html
To set up a colored candlestick chart:
The histogram shows the distance from the actual switching threshold.
Signal(ClearMethodSignals.mq4):
Drawing and alerts can be turned off individually.
Attachment download
📎ClearMethod.mq4 (3.34 KB)
📎ClearMethodCandles1.mq4 (3.38 KB)
📎ClearMethodCandles2.mq4 (4.21 KB)
📎 ClearMethodHistogram.mq4 (1.82 KB)
📎 ClearMethodSignals.mq4 (8.04 KB)
Source: MQL5 #10623
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