An excellent indicator which points at the reverse bars based on the Profitunity system by Bill Williams excluding the angulation relative to the Alligator indicator mouth.

Green marker (bullish reversal bar) — buy signal.
Red marker (bearish reversal bar) — sell signal.

Indicator shows a histogram (the idea is not mine) with minimal (red), average (green) and maximal (blue) spread values on the corresponding bars.

Such monitoring is very useful for broker's spread compare and for spread dynamics analysis.

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​This all-in-one indicator was inspired by !x-meter and used some of its code as a template for the graphic objects (so thanks to Robert Hill who developed it). It is however completely different and provides alot more information that would normally require many charts and indicators and general screen clutter. It was designed to give alot more precision to both trade entries and exits and provide an instant snapshot of a currency pair's movement. Multi-Meter works on any currency or timeframe (or it should) and displays the following in the bottom right corner of the chart..

In his book “Mastering Elliot Wave”, Glenn Neely described a new approach to Elliot wave analysis. This technique is known as Neely Method and it is a more objective approach to market wave analysis.

The basic unit in this theory is called a Monowave and it is simply the movement of the price until it changes direction. Monowaves can be identified by plotting the high and low prices for a chosen period according to the order of appearance on beginning and the center of the time slot.

EA for Automatic Stop Loss, Take Profit, Profit Lock, and Trailing Stop (With Special Methods). SL and TP could be hidden.

Like period Separator each new day will gets its line at starting.

Above this line you can read the text what day of the week is starting. The lines can be dotted, solid , dash .... and also the width can be chosen. The text is placed pixels you choose from pricemax.

Everytime you change the chart the lines will correct themselves so the output keeps the same. Choosing the first day of the week different color makes you see easily weekly Separators also.

This indicator shows Flag and Pennant patterns.

This pattern is seen as the market potentially just taking a “breather” after a big move before continuing its primary trend.

Trend detection uses linear regression, “breather” detection uses channel.

Display:

Blue lines — Flag;
Green lines — Pennant.

Happy New Year😊

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Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.
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