Mouteki Demark indicator draws sell and buy signals on candles highs and lows. Together with an automatic trend line and take profit drawing features, Mouteki Demark indicator is an "all-rounder". The indicator works best on an hourly time-frame. Furthermore, signal analysis could be made on a higher time-frame and traded on one or two time-frames lower chart. Mouteki Demark indicator on EURUSD hourly time-frame
showBars=200; Number of used candles, showBars= 0 will use candlesticks from the beginning. LevDP=2; The central bar will be higher or lower than the number of bars on the left and right side. In short, controls the sensitivity and frequency of provided signals.
qSteps=1; Number of additional trend lines and take profit levels, the limit is 3. BackStep=0; Number of steps back from the current candlestick. startBar=0; Imput of 0 will have recommendation for the current bar, 1 - for possible next bar. TrendLine=true; To automatically draw trend lines. HorizontLine=true; Shows break levels. ChannelLine=false; Forms channels in parallel to the trend lines TakeLines=true; Draws take profit levels. Comments=true; Show te comments on the upper left side. Trend=0; Show signals for 1 = Up Trend, -1 = Down Trend, 0 = Both.
How to install your indicator on MT4 platform: 1. Click on Download button above; 2. Save the the file to your computer; 3. Move the .mt4 file into the following folder : meta traderexpertsindicators; 4. Restart your Metatrader platform; 5. Click “Indicators” button in Metatrader toolbar; 6. Select “Custom”; 7. Search and select “Mouteki Demark”; 8. Adjust settings or press OK to add the indicator to your selected chart; Note: Mouteki Demark indicator was sent by an AtoZForex follower from Russia, Dmitri. AtoZForex does not carry any copyrights over this trading tool. Do you have a reliable indicator or EA? Would you like to share it with our users?