VR---FIGURA - Indicator for MetaTrader 4

The indicator draws quadrangular patterns on the active chart. It works on hour timeframes. The corners of the figure are:

• Opening price for the current day;
• The maximum price per day;
• Closing price for the current day;
• The minimum price per day.

Indicator signals the following (using the example of the figure):

• If the narrow 3 is less than the base 1, then the trend will continue;
• If the narrow 4 is approximately equal to the base 2 - it’s a flat signal;
• If the narrow 6 more than the ground 5, it indicates a rapid trend change;
• If the narrow 9 is bigger than the base 7, there will also be a trend reversal;
• If the narrow 11 more than base 8 - it’s another sign of trend reversal.