DRP2 MT4 indicator

DRP2 indicator refers to the type of leading indicators and in their calculations of the band is trying to predict future prices, besides the work of the indicator can be easily viewed on the story.
On the chart this indicator draws rectangles, slightly to the right of the candle (bar), the data rectangles indicate the price range of the next bar (bar). The idea for building this forex indicator, and methods of calculation are taken from the book by Thomas R. DeMark: "Technical Analysis - a new science," however, in his book, Demark encourages the use he had developed a method for calculating the daily ranges of graphs, but since in these calculations only used one last candle (bar), this method can be easily applied to other time periods.

Indicator parameters:

colir - color rectangles indicator;
barsToProcess - the number of bars to calculate the story.
the greater the parameter "barsToProcess" , the deeper into the story to be figured out in the indicator. This option is useful for those who plan to use an indicator for their trade or to build your trading system, because before each use forex indicator, you must view the behavior of this indicator on the story to reveal, so to speak, all the strengths and weaknesses of the indicator , which in turn will facilitate its testing in real-time demo account.

The use of trade:

because this indicator does not provide signals the opening of the transaction, the initial stop or the closing of the transaction, it is logical to assume that this indicator should be used in conjunction with other forex indicators, and use it more as confirming signals from other indicators, not as the main of them .

When using this indicator, it is possible though not exactly, but still are more likely to predict future price ranges, and on the basis of these data, draw appropriate conclusions. For example, if you open a transaction for the purchase, and price ranges indicator shows that the price is likely to set back very strongly, that is down, it could be a signal to the closure or partial closure position, in order not to lose already earned income and reduce risks that trade is very important. Just for this indicator can be added to the open position in order to maximize future profits with minimal risk.

Download DRP2 MT4 indicator