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MetaTrader Indicator Alt-Pitchfork

MetaTrader Indicator   Alt-Pitchfork
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Price: $70.37
Availability: In Stock
Model: v.2.0
Average Rating: Not Rated

Metatrader Indicator Alt-Pitchfork builds the channel based on the last 2 days extremums (averaging model). It looks like Andrews' Pitchfork. Two baselines connect extremes (high/low) of the previous day and the day before it. The center baseline connects those sections. There are two modes available for the indicator. The default mode is to draw a center line of a channel through middle points of the previous two days' sections. In additional mode a center line of a channel passes through a middle of a center baseline and a middle of a section, which connects extremes of the previous day. Upper and lower boundaries of a channel are drawn through extremes of the previous day in parallel to the center line.

 

Please be advised that any financial operations on Forex market maybe profitable and maybe non profitable. Before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.

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Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary. Read full disclosure.

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