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Temporary Fair Value – indicator for MetaTrader 4

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Old 20-03-2018, 21:34
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Default Temporary Fair Value – indicator for MetaTrader 4

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Where is the herd of Bulls and Bears within the candle? A candle does not show where most of the activity has been during the candle’s timeframe. TFV does.

TFV shows with 1 dot where the trenches are. TFV shows the core of each candle: the Fair Price.

Parameters are:


    Exponential – if set to 1, every tick weighs equal, if set to 2 (or higher), the most recent tick weighs double (or more), to emphasize the most recent price positions.
    WingDing – the dot.

Useability


    It can be used by robots that act OnTick, to avoid unwanted actions on a single and non-signifcant spike.
    Indicator for Temporary Fair Value.
    Straight or near straight TFV-lines reveal support and resistance lines.
    More reliable indicator for a swing high or swing low.

How to install Temporary Fair Value – indicator for MetaTrader 4.mq4?


    Download Temporary Fair Value – indicator for MetaTrader 4.mq4
    Copy Temporary Fair Value – 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 Temporary Fair Value – indicator for MetaTrader 4.mq4
    Attach to a chart
    Modify settings or press ok
    Indicator Temporary Fair Value – indicator for MetaTrader 4.mq4 is available on your Chart

How to remove Temporary Fair Value – 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:

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