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Old 07-14-2008, 08:34 AM
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How to know which indicator is simple and which is complex

How to know which indicator is simple and which is complex.

Why complex indicator?
If indicator is using the other indicators so it is not simple, right? It is complex indicator.

Let's describe the example about Z_MTF_ DoublecciWoody indicator from this thread Z_MTF_ DoublecciWoody FROM X-O METHOD

This Z_MTF_ DoublecciWoody indicator is using the other indicator: DoublecciWoody indicator. We may look inside the code and understand it: read this post.

That's fine if I am a coder and I can look inside that code and I will understand which is simple indicator and which is complex one. But if I am not coder so I can also look inside the code but I will understand nothing.
So, what to do?

It is very simple.

It is our example with Z_MTF_ DoublecciWoody indicator:

doublecomplex_1407_1.jpg

So to use one complex indicator (let's say - main indicator) we need additional indicator (let's say - subsidiary indicator).
We need to attach to the chart the main indicator only.

And it is the example of sucessfull installation of our complex indicator:

doublecomplex_1407_2.jpg

Main one may be EA, script and indicator.
subsidiary one may be anything as well so we should look at expert menu in Terminal in Metatrader just to know:
- which indicator or EA or script is complex one
and
- which additional (subsidiary) files we need (names of the files and so on) for our main one to work correctly.

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Download Winrar from here (to open attachments)

Ask all your questions on this thread Questions: to start with MetaTrader and forex

Last edited by Linuxser; 01-15-2009 at 12:48 AM.