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Yes, I translated.
It is Fibonacci trader indicator.
Some description you may find in the code of this indicator (in english).
For example:
Blue line is Static level of balance;
DodgerBlue - Dynamic level of balance;
Yellow - Static steps of balance;
An other yellow line - Dynamic steps of balance;
Black - Static level of support;
White - Dynamic level of support;
Black - Static level of resistance;
White - Dynamic level of resistance.
All the color of the lines may be changed in the settings of the indicator.
Last edited by newdigital; 10-19-2005 at 03:08 PM.
if you are posting ifriday,you are only posting half of kimiv's work, the indicator goes with the attached expert.
Kimiv has written hundreds of ea's and indicators, and can be found on many russian fourms. He has also been written about in several Forex magizines (Russian)
Dear hua,
I am afraid you are too optimistic about that.
Here's some thoughts:
I am wondering what is the reason for creating numerous MACD-type indicators like the last one? Here we again have one MA subtracted from another. LWMA makes no difference here. The period of slow ma is set to 120. That means it will miss a great part of a trend whem crossing zero.
The purpose of levels is unclear. Should I react on each bar that changed its color and at what moment? On zero bar or after its close? I will definitely win during trending periods and surely loose at whipsaws and false diversions when the market looses momentum but still trending.
If this indicator gives me 200% profit in some future with a current drawdown of 90% I will never use it.
That's that.
Good trading
Linear Mode
