It is a Multi-Time frame Indicator
It will only use the latest last 3 candlestick on the chart. By comparing between the 1st & 2nd candlestick, whichever candlestick has the highest point = HI , lowest point = LO. Then it will draw a horizontal line for the HI & LOW with a color orange. Then it will also draw another horizontal line for both HI & LOW with +/- 15 pips in lime color.
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Filter AO.mq4
It will only use the latest last 3 candlestick on the chart. By comparing between the 1st & 2nd candlestick, whichever candlestick has the highest point = HI , lowest point = LO. Then it will draw a horizontal line for the HI & LOW with a color orange. Then it will also draw another horizontal line for both HI & LOW with +/- 15 pips in lime color.
Download
Filter AO.mq4
1 comment:
can you explain how works this indicator?
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