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Warning! Please read the MetaTrader Forex Indicators Tutorial if you do not know how to set up this forex indicator.ĭo you have any more suggestions regarding this indicator? You can always discuss the Dots indicator with the other traders and MQL programmers on the indicators forums.Connect matching dots and solve fun puzzles! Play Free!
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Using one dot entry signal with a Filter parameter set to something like the mt4 currency pair’s spread x 3 could be a good idea. The recommended forex strategy is to wait for two dots of the same color and enter the trade with the trend.
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AppliedPrice (main default = PRICE_CLOSE) - price type to use in calculations.The higher the value, the more it lags, but fewer false signals appear. Length (main default = 10) - the period of the forex indicator.The forex indicator is available for MT4 and MT5 versions of the platform. A forex trader can modify several input parameters. Although the forex indicator doesn’t rely on any standard MetaTrader forex indicators, it uses a call to iMA() (moving average) to get the chart price values depending on the input price type used (Close, High, Open, Low, Typical, etc.) The calculation is based on the cosine of the angle of chart price change.
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The blue dots signal a bullish trend, and the red dots signal a bearish trend. It displays the current forex trend direction by placing the dots on the main mt4 chart. Dots (MetaTrader Forex indicator) is based on the 2006 forex indicator by TrendLaboratory.
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