Author:
http://pipswanted.com
The Wavy Dash Indicator is a powerful tool for traders using MetaTrader 4. It employs the Gann method, providing clear signals for your trading strategy. When the indicator displays green lines, it's time to buy, while red lines signal a sell. It’s straightforward and effective!
Indicator Code:
for(int i=Bars-Back;i>=0;i--) { if(Close[i]>iMA(Symbol(),0,Back,0,MODE_SMA,PRICE_HIGH,i)) { one=1; } else { if(Close[i]<iMA(Symbol(),0,Back,0,MODE_SMA,PRICE_LOW,i)) one=-1; else one=0; } if(one!=0) { two=one; } if(two==-1) { double a = iMA(Symbol(),0,Back,0,MODE_EMA,PRICE_HIGH,i+1) - iClose(Symbol(), 0 ,i+2); red[i] = (iClose(Symbol(), 0 ,i) - a); } else { double b = iClose(Symbol(), 0 ,i+2) - iMA(Symbol(),0,Back,0,MODE_EMA,PRICE_LOW,i+1); green[i] = (iClose(Symbol(), 0 ,i) + b); } }
For more insights and information, check out:
- http://pipswanted.com
- If you have any questions or need help with trading, feel free to ask here: http://tradersqa.com