Wedges 4.0
Индикатор Metatrader (MT4/MT5)
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ℹ Обзор
The PZ Wedges Indicator is a technical analysis tool that helps traders identify potential continuation patterns in the market. These patterns, known as wedges, are formed when the price of an asset consolidates within a narrowing range, bounded by upward or downward converging trendlines.
Wedges are considered to be continuation patterns because they often precede a breakout in the direction of the preceding trend. When a wedge pattern is identified, traders may look for a breakout in the direction of the trend to enter a trade.
The PZ Wedges Indicator makes it easy for traders to identify these patterns, as well as confirm actionable breakouts. In addition to identifying wedges, the indicator also provides alerts of all kinds to help traders stay informed about potential trade opportunities.
Some other features of the PZ Wedges Indicator include customizable pattern size, customizable colors and object sizes and clear breakouts. This indicator is easy to use and can be a valuable tool for traders looking to capitalize on potential continuation patterns in the market.
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Входные параметры
При загрузке эксперта на любой график вам будет представлен набор опций в качестве входных параметров. Не отчаивайтесь, если вам кажется, что их слишком много, потому что параметры сгруппированы в понятные блоки.
- Indicator Settings
- The amplitude reprents the size of the patterns to be found. The max. history bars parameter is the amount of bars in the chart to look back. Less bars to evaluate means the indicator will load faster.
- Pattern Settings
- Choose the colors of the patterns.
- Breakouts
- The indicator implements breakouts to make trading easier. You can choose the size and color of the arrows.
- Alerts
- Enable or disable alerts at will.
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FAQ
- Does the indicator repaint?
- The wedge will not repaint unless a new point arises and the slope of the triangle lines needs to be changed. Additionally, if a breakout happens and later the price retracts inside the triangle again, the arrow will repaint later when another breakout happens.
- Some triangles seem to be missing from the chart
- To find more wedges, load the indicator several times on the chart with different "Size" parameters: for example, load it four times with sizes 6, 12, 18 and 24. This will find wedges of different sizes simultaneously.
- I am seeing a wedge and the indicator has not recognized it!
- Kindly note that the indicator needs 5 price points to find a wedge. Maybe you are seeing a 4 price point pennant yet and projecting it in your mind, but 5 price points are needed to actually recognize one. Other issue can be the size of the wedge relative to the indicator size parameter: refer to the previous question for this issue.
- Does the indicator implement alerts?
- Yes, it does. It implements alerts of all inds.
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Разработчики
Чтобы создать своего личного помощника, вы можете считывать данные с индикатора с помощью функции iCustom (), как указано ниже. У индикатора есть один дополнительный буфер, единственная цель которого - хранить торговые сигналы в виде констант: это единственный буфер, из которого вам нужно читать. Скопируйте и вставьте приведенный ниже код в свой личный помощник и замените имя индикатора вызова iCustom () своим собственным.
//---- Read value from data buffer int start() { // Read value from data buffer double value = iCustom(Symbol(), Period(), "PZ_Wedges_LICENSENUM", 0, 1); // Do something if(value == OP_BUY) { /* Your code for bullish signal */ } if(value == OP_SELL) { /* Your code for bearish signal */ } if(value == EMPTY_VALUE) { /* Nothing to do */} // Exit return(0); }