Thursday, April 13, 2017

IDNR4 and July 28 Pairs Radar MT5

IDNR4 and July 28 Pairs Radar MT5


This indicator identifies two powerful pattern IDRN4 and IDNR7 28 pairs when a new daily bar.


IDNR4 - an acronym for "Inside Day Narrow Range 4", where the "Inside Day" - a day bar with a lower high and higher low than the previous bar, and "Narrow Range 4" - bar with the narrowest range of the last 4 bar. Similarly, "Narrow Range 7" - 7 bars.


Therefore, ID / NR4 and more reliable ID / NR7 - are objective criteria to determine the days with low range and volatility.


Upon detection pattern ID / NR4 or ID / NR7, should open transaction in the sample as resumption volatility.




The rules for long trades



  1. The inner bar with the lowest range in the last 4 or 7 bars.

  2. Set the Buy Stop order above the high of the bar.

  3. Wait until the sample does not activate the order.




The rules for short trades



  1. The inner bar with the lowest range in the last 4 or 7 bars.

  2. Install the Sell Stop order below the bar low.

  3. Wait until the sample does not activate the order.




settings



  • Pairs_Suffix: suffix pair, for example, "micro" or "-ECN".
  • alert_Notification: alerts in the terminal when detecting pattern IDNR4 IDNR7 or on one or more pairs.

  • Push_Notification: Sending push-messages to the mobile device when it detects a pattern IDNR4 IDNR7 or in one or more pairs.


IDNR4 and July 28 Pairs Radar MT5

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