Technical Indicators for MetaTrader 5

VLine

vline-logo-200x200-1071
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Information

Indicators
MetaTrader 5
5
Anzhela Sityaeva
18 July 2019
1.24
3 September 2019

Overview

VLine - algorithm for detecting the true price extremes using the price itself without the use of a variety of averages, based on which builds the horizontal ( and oblique lines ) , are similar to e solution is used as part of our automated shopping complex.

This solution allows you to feel confident when trading with any instrument that is not even familiar, giving you the opportunity to get a reference point for the transaction.

The applied algorithm is multi-timeframe and allows using data of three periods. Based on historical data, found price levels are a “place of interest” where market participants are likely to make their decisions. Using this information, it is possible to draw the correct conclusion about the direction of movement of the instrument, its scope and, as a result, correctly calculate the levels of limitation of loss and potential profit.

Legend type a lines:

- the solid line corresponds to the older period

- dashed line corresponds to the middle period

- the dotted line corresponds to the younger period

 

In addition to this, the structure has an algorithm that calculates ATR and an indicator of volumes.

In the settings, you can select the appropriate mode of operation of all the algorithms used , the menu items are clearly identified.

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