Robot catalog

VR---FIGURA - Indicator for MetaTrader 4

VR---FIGURA
TypeIndicators PlatformMT4 Version10 Date created 3 February 2015 Date updated19 August 2017
Formatmq4 Size3.3Kb Downloads245 Rating
4.29 of 5
based on 78 rates

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.

Share

Most popular robots

bbma
MT4
Indicator
bbma
MBFX Timing
MT4
Indicator
MBFX Timing
MultiZigZag
MT4
Expert
MultiZigZag