WilliamsB - Indicator for MetaTrader 4
This indicator shows signals from the theory of chaos measures.
At the top, the current price and the current symbol are displayed:
- 1st measurement - gives signals from fractals;
- 2nd measurement - signals of the AO indicator;
- 3rd measurement - signals of the AC indicator;
- 4th - trade by zone;
- 5-8 measurements - trade on balance lines;
- 5th - displays the base bar for purchase;
- 6th - displays the base bar for sale;
- 7th - shows the first high bar after the base one for the purchase and the next high, which is higher than the first;
- 8th - shows the first low bar after the base one for sale and the next low, which is lower than the first.
Principles of trade:
If you choose trading to the balance line, the pending order should be placed at the dotted line level.
If you trade from the balance lines, the pending order will be at the level of a solid line, but this option is not recommended.