4H-50/50 tool is a way to visualize top down analysis.
• There are three boxes illustrated on the chart - One box shows the past 4 hour time frame's high, low and center - One box shows the past 12 hour time frame's high, low and center - The last box is the current 4 hour time frame's high, low and center • Four hour blocks start on specific hours 1, 5, 9, 13, 17 & 21 • The 50% marks can act as resistance/support • The 50% marks can also show trend - If the instrument is trading below all 50% lines, this is one indication that price will remain low or go lower. - If the instrument is trading above all 50% lines, this is one indication that price will remain high or go higher • The indicator can also show sentiment values, which can be found on several outside websites - After entering both the long and short sentiment, a 10 pip bumper will appear around these sentiment numbers giving another form of support/resistance to watch for
Current limitations: • The four hour blocks currently only work on the 5 minute candle timeframe • The sentiment bumper size and color are fixed
Bugs? Kindly report any issues you run into and I'll try to fix them promptly. Thank you!
Informacje o Wersji
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4H-50/50 tool is a way to visualize top down analysis.
• There are three boxes illustrated on the chart - One box shows the past 4 hour time frame's high, low and center - One box shows the past 12 hour time frame's high, low and center - The last box is the current 4 hour time frame's high, low and center • Four hour blocks start on specific hours 1, 5, 9, 13, 17 & 21 • The 50% marks can act as resistance/support • The 50% marks can also show trend - If the instrument is trading below all 50% lines, this is one indication that price will remain low or go lower. - If the instrument is trading above all 50% lines, this is one indication that price will remain high or go higher • The indicator can also show sentiment values, which can be found on several outside websites - After entering both the long and short sentiment, a 10 pip bumper will appear around these sentiment numbers giving another form of support/resistance to watch for
Current limitations: • The four hour blocks currently only work on the 5 minute candle timeframe • The sentiment bumper size and color are fixed
Bugs? Kindly report any issues you run into and I'll try to fix them promptly. Thank you!