Clear Method – indicator for MetaTrader 4

[Metatrader Indicators]

chart_white_small.jpg

This indicator is based on the article: Getting Clear With Short-Term Swings by Ron Black

http://www.traders.com/Documentation/FEEDbk_docs/2010/09/Black.html

http://www.traders.com/Documentation/FEEDbk_docs/2010/09/TradersTips.html

To set up colored candle charts:

Switch to Line Chart;
in Chart Properties window, set Line Chart Color to None (the entire price graph will disappear);
Copy the ClearMethod.mq4 file to the Indicator directory, it will be used by iCustom();
Add ClearMethodCandles1 (this must be the first), then ClearMethodCandles2 to the chart;
If you use black backgrounded chart, set IsBlackChart parameter to true for both indicator.

The histogram shows the distance from the actual switching threshold.

Signals (ClearMethodSignals.mq4):

Clear signal(x): breaking Clear Line (candles change color here)
Move signal(arrow): Clear Line moves again after flat (see image below)
Alert: after a closed bar signal, at the first tick of next bar

The drawings and the alerts can be separately switched off.

How to install Clear Method – indicator for MetaTrader 4.mq4?

Download Clear Method – indicator for MetaTrader 4.mq4
Copy Clear Method – indicator for MetaTrader 4.mq4 to your Metatrader Directory / experts / indicators /
Start or restart your Metatrader 4 Client
Select Chart and Timeframe where you want to test your MT4 indicators
Search "Custom Indicators" in your Navigator mostly left in your Metatrader 4 Client
Right click on Clear Method – indicator for MetaTrader 4.mq4
Attach to a chart
Modify settings or press ok
Indicator Clear Method – indicator for MetaTrader 4.mq4 is available on your Chart

How to remove Clear Method – indicator for MetaTrader 4.mq4 from your Metatrader Chart?

Select the Chart where is the Indicator running in your Metatrader 4 Client
Right click into the Chart
"Indicators list"
Select the Indicator and delete

Click here below to download: