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R-sin Lines


tradelover

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Time passed and I was too busy to click on this blog. Reading my last entry seems like I was drunk when I wrote it :D

 

Well, me fellow landlubbers, I did not pass to Davy Jones, but just me bones were too busy. One reason I made this blog was to put together "all me blades and me rags". Ye can bet on yer scimitar that I have a lot of MQL tools released on the ocean, and neve' know where they are. I wrote plenty of indicators and scripts for people and posted them on different forums. Sometime mates ask me about this or that indicator and I have no idea what they are talking about. Starting from today, I will post all my stuff here and post only links to them wherever else.

 

This post is related to the R-sin lines, described by me fellow pirate sinus45 on vamist.com island. Sorry for ye guys that can't humble Romanian language, ye should learn it, it is very easy, trust me. The indicator is self-explanatory, just have a look inside of the text source, but if ye have any trouble, ye can ask me directly here. Maybe the author of the method can find some time to give a short English description too. For me fellow Romanian readers, more description is coming here.

 

The idea is that some turning points in bigger timeframes can work as supports, resistances and congestion ranges for smaller timeframes. Same like pivot lines do, but there is nothing about pivot computing here.

 

So, here is the toy:

R_sin_Lines.mq4

 

If you use MN or W1 as higher TF (called inside Super-Cycle) then the best view is on H4 or H1 as base chart, and TopBottoms parameter turned false. If you use H1 or H4 as S-C, then the best view is with M5 to M30 as base chart, and TB parameter turned true. Last case will draw lines on the peaks/deeps only, and you also can use this indicator like an automatic tool to draw peak/deeps lines on the same chart (for example watching H1 or H4 and selecting the same H1 or H4 as Super-Cycle).

 

Have fun!

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