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Description of labor
The MA7 Clover indicator relies on candlestick types. It exhibits the “Pin Bar” candlestick sample.
The indicator simplifies the visible seek for a sample on the chart, which facilitates fast market evaluation and fast decision-making on opening or closing a place.
The indicator works on any devices and any timeframes.
To search out the strongest sample, there are settings that help you filter alerts utilizing the dimensions of the sample, the path of the candle, connecting commonplace indicators for joint work, which lets you discover extra correct and worthwhile entries, transfer the cease loss to the worthwhile zone or shut the place in a well timed method.
The notification will let you know on which instrument and timeframe the sample appeared, which lets you rapidly change to the chart and analyze the occasion.
The show of arrows on the chart could be personalized to your style and shade.
Options of labor
The indicator works on the instrument and timeframe on which it’s put in. The information is analyzed on closed candles, so the arrows aren’t redrawn.
Extra capabilities
Notifications when an arrow seems.
Indicator settings
Common settings
Min physique dimension
The parameter units the minimal physique dimension.
Max physique dimension
The parameter units the utmost physique dimension.
Min nostril dimension
The parameter units the minimal dimension of the nostril.
Max nostril dimension
The parameter units the utmost dimension of the nostril.
The parameters Thoughts physique dimension, Max physique dimension, Min none dimension, Max noise dimension are measured as a proportion of the complete candle dimension from Excessive to Low. For instance, a candle with a dimension of 100 factors, and the settings are set by default, then the indicator will search for candles with a physique dimension from 0 to twenty factors, and a nostril dimension from 0 to five factors.
Minimal sample dimension
The parameter units the minimal sample dimension. If the sample dimension from Excessive to Low is lower than the parameter, the arrow just isn’t drawn. Measured in factors.
Most sample dimension
The parameter units the utmost sample dimension. If the sample dimension from Excessive to Low is larger than the parameter, the arrow just isn’t drawn. Measured in factors.
Evaluation of the candle path
The parameter units the power to filter patterns by the path of the candle. If a bullish sample seems, and the path of this candle is down (bearish), the arrow just isn’t drawn.
Evaluation of the place relative to the MA
The parameter units the power to filter patterns by the place of the patterns relative to the Shifting Common indicator. Relying on the setting of the Place relative to the MA parameter, patterns above or beneath the Shifting Common indicator are filtered.
Place relative to the MA
The parameter units the worth both Bullish above (bearish beneath) the MA – if a bullish sample is fashioned above the MA, it’s filtered and never drawn, if a bearish sample is fashioned beneath the MA, it’s filtered and never drawn, or Bullish beneath (bearish above) the MA – the alternative of the Bullish above (bearish beneath) the MA parameter.
MA interval
The parameter units the interval of the Shifting Common indicator.
Message settings
Ship message to the terminal (Alert)
The parameter units permission to ship messages to the terminal utilizing the Alert operate.
Ship message to the cellular terminal (Push)
The parameter units permission to ship messages to the cellular terminal utilizing push notifications. Permission to ship messages have to be enabled within the terminal settings; learn the directions.
Ship message to the e-mail
The parameter units permission to ship messages by e mail. Permission to ship messages have to be enabled within the terminal settings; learn the directions.
Extra info
The parameter units further details about the indicator in order that the person can distinguish which program despatched the message. The knowledge is displayed within the message header. For instance, you put in two indicators on the identical instrument and on the identical timeframe with totally different parameters, one indicator has a interval of 10, the opposite has a interval of 30. To know which indicator despatched the message, you want the Extra info parameter, you’ll be able to point out further info, for instance, the interval that the indicator makes use of, then within the message you will notice which indicator despatched the message.
Arrow show settings
Arrow shift
The parameter units the vertical offset of the arrow on the chart.
Arrow dimension
The parameter units the dimensions of the arrow.
Up arrow shade
The parameter units the colour of the up arrow.
Down arrow shade
The parameter units the colour of the down arrow.
Up arrow code
The parameter units the up arrow code.
Down arrow code
The parameter units the down arrow code.
Calculation formulation
For up arrow: Max physique dimension ≥ BodySize1 ≥ Min physique dimension and Max nostril dimension ≥ UpShadowSize1 ≥ Min noze dimension,
For down arrow: Max physique dimension ≥ BodySize1 ≥ Min physique dimension and Max nostril dimension ≥ LwShadowSize1 ≥ Min noze dimension, the place
Min physique dimension – minimal physique dimension (parameter within the settings),
Max physique dimension – the utmost physique dimension (parameter within the settings),
Min nostril dimension – the minimal dimension of the nostril (parameter within the settings),
Max nostril dimension – the utmost dimension of the nostril (parameter within the settings),
BodySize1 – candle physique dimension with candle index 1 (final closed candle),
UpShadowSize1 – the dimensions of the higher shadow of the candle with the candle index 1 (the final closed candle),
LwShadowSize1 is the dimensions of the decrease shadow of the candle with the candle index 1 (the final closed candle).
Situation for displaying an up arrow
The scale of the candle physique and the dimensions of the higher shadow of the candle are within the dimension vary within the settings.
Situation for displaying a down arrow
The scale of the candle physique and the dimensions of the decrease shadow of the candle are within the dimension vary within the settings.
MA7 Clover indicators:
Skilled advisors based mostly on the MA7 Clover indicator:
