Temporary Fair Value – indicator for MetaTrader 4

[Metatrader Indicators]

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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: