Description of labor
The ‘MA7 Flax’ indicator relies on the usual Common True Vary (ATR) indicator. Exhibits massive candles over a sure time frame.
Options of labor
The indicator works on the instrument and timeframe on which it’s put in. The info is analyzed on closed candles, so the arrows are usually not redrawn.
Extra capabilities
– Notifications when the arrow seems.
Indicator settings
Common settings:
– ATR interval
The parameter configures the interval of the ATR indicator.
Measured in candles (bars).
The parameter worth have to be better than 0.
– ATR multiplier
The parameter multiplies the ATR worth and is required to seek for massive candles.
The parameter worth have to be better than 1.
– Take away subsequent arrows
This feature removes subsequent arrows in the identical course. When this selection is enabled, arrows will seem on the chart one after the other. For instance, an up arrow seems, all subsequent up arrows will likely be ignored and never displayed on the chart till the down arrow seems.
Message settings:
– Ship message to the terminal (Alert)
The parameter offers permission to ship messages to the terminal utilizing the Alert operate.
– Ship message to the cell terminal (Push)
The parameter offers permission to ship messages to the cell terminal utilizing push notifications. Permission to ship messages have to be enabled within the terminal settings; learn the directions.
– Ship message to the e-mail
The parameter offers permission to ship messages by e mail. Permission to ship messages have to be enabled within the terminal settings; learn the directions.
– Extra info
The parameter specifies extra details about the indicator in order that the person can distinguish which program despatched the message. The data is displayed within the message header.
Instance: you put in two indicators on the identical instrument and on the identical timeframe with totally different parameters, one indicator has a interval of 10, the opposite has a interval of 30. To know which indicator despatched the message, you want the Extra info parameter, you possibly can point out extra info, for instance, the interval that the indicator makes use of, then within the message you will note which indicator despatched the message.
Arrow show settings:
– Arrow shift
The parameter configures the vertical offset of the arrows on the chart.
– Arrow measurement
The parameter configures the dimensions of the arrows.
– Up arrow shade
This parameter configures the colour of the up arrow.
– Down arrow shade
This parameter configures the colour of the down arrow.
– Up arrow code
The parameter configures the up arrow code.
– Down arrow code
The parameter configures the down arrow code.
Calculation components
SizeHL > ATR × ATR multiplier, the place:
SizeHL – candle measurement from Excessive to Low,
ATR – ATR indicator worth with candle index 1 (final closed candle),
ATR multiplier – ATR worth multiplier.
Situation for displaying an up arrow
The scale of the candle from Excessive to Low is larger than the ATR worth multiplied by the coefficient.
Bullish candle.
Take away subsequent arrows = YES
The final arrow on the chart needs to be down.
Situation for displaying down arrow
The scale of the candle from Excessive to Low is larger than the ATR worth multiplied by the coefficient.
Bearish candle.
Take away subsequent arrows = YES
The final arrow on the chart needs to be upward.
Instance
A brand new candle has appeared, the indicator measures the final closed candle, will get the ATR worth to multiply it and evaluate it with the dimensions of the measured candle. For instance, a bullish candle appeared, the dimensions of the candle from Excessive to Low is 100 factors, the ATR worth is 40 factors, ATR multiplier = 2.0. We substitute the values into the calculation components 100 > 40 × 2.0 (SizeHL > ATR × ATR multiplier), the candle measurement is larger than the ATR worth multiplied by the coefficient and the candle is directed upward, so the indicator shows an upward arrow.
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Knowledgeable Advisor based mostly on the indicator:
