Introducing the iSarX4 Indicator
If you're into parabolic trading systems, you’re going to love the iSarX4 indicator. This nifty tool allows you to visualize four parabolic indicators at once, giving you a comprehensive look at market trends.
Indicator Input Parameters
Let’s dive into the specifics of how to set it up:
//+----------------------------------------------+ //| Indicator input parameters | //+----------------------------------------------+ input double Start_Step=0.002; // Step for the first indicator input double Step_Shift=0.002; // Size of step change input double Maximum=0.2; // Maximum for all indicators input int Shift=0; // Horizontal shift of the indicator in bars
Understanding the Steps
The Start_Step parameter sets the initial step for the first parabolic indicator. Each subsequent parabolic indicator is adjusted based on this:
- For the second parabolic indicator: Step = Start_Step + 1 * Step_Shift
- For the third parabolic indicator: Step = Start_Step + 2 * Step_Shift
- For the fourth parabolic indicator: Step = Start_Step + 3 * Step_Shift
Fig.1 The iSarX4 indicator
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