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This method has been described by Steve Nison in the book “Japanese Candlestick Charting Techniques“. “Three-Line Break” combines the qualities of the “tic-tac-toe” charts and the standard line charts or bars. The literature notes the advantages of future price movement prediction methods based on the calculation of the duration of pricing models. This chart allows to easily eliminate the noise ...

Best “Relative Strength Index (RSI) MQ4 Indicator” – A popular method of analyzing the RSI is to look for a divergence in which the security is making a new high, but the RSI is failing to surpass its previous high. This divergence is an indication of an impending reversal. When the Relative Strength Index then turns down and falls below its ...

Trading Gaps MQ4 Indicator – The indicator shows the gaps between the closing price of the previous bar and the opening price of the current bar. The gap size in points is set in the Size GAP external parameter. The indication is performed using arrows, with the consideration that most gaps are closed. That is, an arrow points in the ...