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The URL listed above is not worth the effort to read about the float indicator - just two traders going at it.... Any other worthwhile threads about the float indicator?
For some reason I cant make the one from this site work
euro pean
Here are 2 you can use with 2 different settings 50 & 100 although that can be adjusted, Use them together one has the high low lines set on the chart the other has the lines come right down thru the indicator windows, the idea is to look for correlation between the 2 Floats for highs or lows and the MMlevels on at least 3 time frames. in this case the H4,H1,M30 & M15 figures all give a 1.2652 bottom on the EURO/USD that shows a potential reversal point. I have supplied all the indicators that are on the chart screenshot - it also pays to have an indicator susch as MACD or RSI etc to help confirm/deny the potential reversal. enjoy.
I think the Float.mq4 in the second thread has code error, iether one of the parameters is missing or ',' is not needed. So it wouldn't compile or attach to a chart
Many Thanks for the indicators cja.
Is the indicator for Myrry Maths Data High & Low missing or have I done something wrong ? Had to // out the comment line at 158 to get the Murry Math indicator, in the price area , to compile.