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.
show Bars=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.
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How to Install Mouteki Demark indicator
How to install your indicator on MT4 platform:
1. Click on Download button above;
2. Save the file to your computer;
3. Move the .mt4 file into the following folder : meta traderexpertsindicators;
4. Restart your Metatrader platform;
5. Click the “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 AtoZ Markets follower from Russia, Dmitri. AtoZ Markets does not carry any copyrights over this trading tool.
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