The principle goal of this weblog is to explain and clarify the enter parameters of my Provide Demand indicator (MT4 model / MT5 model underneath development).
Please additionally try my different provide/demand/high/backside and dashboard merchandise for MT4:
Provide Demand dashboard, Double high/backside scanner, Chart patterns scanner, Divergence dashboard, Development dashboard, Development reversal dashboard, Market evaluation dashboard
For MT5:
Provide Demand dashboard, Double high/backside scanner, Chart patterns scanner, Divergence dashboard, Development dashboard, Market evaluation dashboard
Common data
The quantity seen on the proper nook of every lively zone represents the variety of occasions the zone has been examined.
Enter parameters
Parameters marked with an asterisk (*) at first are solely out there within the MT5 model and parameters marked with two asterisks (**) at first are solely out there within the MT4 model.
- TOP/BOTTOM (EXTREMUM) SETTINGS
- Min. quantity of bars between extremums – Default is 12. The upper the worth the stronger the setup.
- Quantity of upper/decrease candles (0=disabled) – Right here you’ll set what number of candles should be decrease/increased previous to the primary extremum candle (first high/backside)
- Neckline candle max offset % (0=disabled) – You possibly can set what number of proportion the neckline candle can deviate from the precise center level of the two high/backside candles (extremums). If there are as an example 20 candles between the two extremums then setting a worth to 50 (%) will imply that the neckline candle (candle quantity 10) can’t be greater than 5 candles to the left or proper of the center which is 10. Utilizing this selection will make it a extra clear U/V formation for individuals who needs that for his or her buying and selling technique.
- Offset from first extremum (<5 = ATR, >=5 = factors) – This worth is just used if Allow provide/demand has been set to ‘false’. It’ll management how a lot the second extremum (high/backside) is permits to deviate from the primary extremum. If set to a worth decrease than 5 then the ATR (interval 14) shall be used and multiplied with the worth given right here.
- Use offset solely when above/under first extremum – ‘true’ or ‘false’. If set to ‘true’ then the second extremum’s candle excessive/low value should exceed the primary extremum.
- SUPPLY/DEMAND SETTINGS
- Allow provide/demand (False=common high/backside) – ‘true’ or ‘false’.
- Pace – Default is 1.5. The upper the worth the stronger the zone (value transfer from the bottom). Larger worth = fewer zones.
- Present outdated zones – ‘true’ or ‘false’.
- Draw solely untested zones – ‘true’ or ‘false’. Solely untested zones shall be proven.
- Cancel zone if examined earlier than this quantity of candles
- Draw overlapping zones – ‘true’ or ‘false’. An overlapping zone is a zone which is nested into one other earlier zone.
- Quantity common interval (0=quantity filter disabled) – If you’ll use this filter then really helpful worth is 20.
- Quantity over common (%) – Default is 20. If the amount on the bottom candle is over the typical by 20% or extra then the sign is legitimate
- DIVERGENCE SETTINGS
- Allow divergence filter – ‘true’ or ‘false’. If enabled, and in addition present outdated zones is enabled, then the outdated zones will solely be drawn if there was a divergence on the candle which broke the zone.
- Embrace hidden divergences – ‘true’ or ‘false’. If enabled then a hidden divergence can be legitimate.
- Draw divergence strains on value (essential) chart – ‘true’ or ‘false’.
- Alert about divergence – ‘true’ or ‘false’. If enabled then you’re going to get alerted about divergences. You’ll get alerted additionally after they happen between zones.
- Divergence indicator – Listbox the place you possibly can choose which oscillator/indicator you want to use for the divergences.
- Max. bars to examine (divergence depth) – Really useful max. worth is 80.
- Min. bars to examine (0=disabled) –
- Interval for Stochastics Ok / RSI / CCI
- Stochastics D
- Stochastics Slowing
- MACD/OSMA quick MA
- MACD/OSMA sluggish MA
- MACD/OSMA sign MA
- MA technique
- Value kind
- Stochastics Value kind
- RSI FILTER SETTINGS
- RSI filter technique – Drop down menu the place you possibly can choose if to use the RSI filter on first, second or each peaks. When used then peak candle(s) should shut over/underneath the RSI ranges under. If utilized in Triple mode then First will examine RSI on the two first extremums and Each will examine all three extremums.
- Overbought stage
- Oversold stage
- RSI interval
- Value kind
- ADX FILTER SETTINGS
- Allow ADX filter – ‘true’ or ‘false’.
- Stage (essential line) – Trades shall be opened provided that the ADX indicator worth is under this stage.
- ADX interval
- OTHER SETTINGS
- Quantity of bars for zone drawing – Default is 12. The upper the worth the stronger the setup.
- Scan for bullish and/or bearish – Drop down menu the place you possibly can choose if to scan for less than provide or demand zones.
- Replace interval in seconds – This worth controls how usually the indicator will examine for examined and damaged zones.
- Min. quantity of candles between 2 zone checks – The quantity of candles earlier than a zone retest is taken into account.
- Allow world variables (for EA) – ‘true’ or ‘false’. If enabled then the indiator will write world variables (might be checked by hitting the F3 button on the keyboard) which can be utilized by an Professional Advisor for auto buying and selling. The format of the variables is “FSD-[symbol]-[time frame]-[zone type]-[O or I]-[amount of tests]”. For instance FSD-EURUSD-H4-D-O-2. D=demand, S=Provide. The following worth means: O=value of outer border, I=value of internal border.
- ALERTS
- Allow alerts – Set to ‘true’ to permit for alerts to be despatched.
- Customized alert textual content – The textual content you place right here shall be inserted (inside brackets) on the finish of the common alert textual content.
- On-screen (pop-up) alert –
- Customized sound alert (if True then no pop-up alert) –
- Customized sound file –
- Mail alert – ‘true’ or ‘false’.
- Push alert – ‘true’ or ‘false’.
- CHART OBJECTS SETTINGS
- Demand/double backside coloration
- Examined demand coloration
- Damaged demand coloration
- Provide/double high coloration
- Examined provide coloration
- Damaged provide coloration
- Textual content coloration – Used for the textual content labels
- Textual content font – Used for the textual content labels
- Font dimension – Used for the textual content labels
