If you're trading on MetaTrader 4, you might have come across the Pan PrizMA Sin indicator. This tool is designed to help you visualize market movements in a unique way. Let’s dive into what makes this indicator tick and how you can leverage it for your trading strategy.
The Pan PrizMA Sin indicator works by drawing a moving line that’s based on a polynomial interpolation of the fourth degree. Essentially, it creates a line that reflects a sine wave along with an axial line, which can either be constant (with a line_power of 2) or inclined (with a line_power of 3). This visualization can help you spot trends more clearly.
One unique feature of this indicator is that it calculates one value for each bar, which is then removed from the constructed sine and axial lines. What you get is a line of extrapolated values that won’t redraw, providing you with reliable signals.
Check out the MT5 version here!
Key External Variables
Here are some important external variables you’ll want to know about:
- line_power: This determines the degree of the extrapolated lines.
- leverage: This sets the distance from the first moving line for removing values.
- multiplier: Adjust this to manipulate the source of values—zero for axial, one for the sine wave, and minus one for values mirrored through the axial line.
- line4_SHIFT: This offsets the resulting line of extrapolated values.
- interval: This multiplies the averaging leverage.
For further refinement, you can check out discussions on related topics like differential calculus examples.
Also, explore the potential developments for this indicator that could enhance your trading experience.
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