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Float — New Addition to MT4 Indicators

January 23, 2008 (Last updated on December 3, 2009) by

One of my site’s visitors asked me about the MetaTrader 4 indicator called “Float“. So I’ve decided to find this one and add it to the MT4 indicators list I maintain. Now everyone can download this interesting indicator and try to use it in Forex trading. It is designed to detect big trend changes and the current trend ‘exhaustion level’. As the bonus it also shows the Fibonacci levels on the main chart window to help the traders to determine good support and resistance levels. It would be fair to say that this indicator comes from StrategyBuilderFX forum’s members and is currently no longer updated.

8 Responses to “Float — New Addition to MT4 Indicators”

  1. Ziggy

    This is the best indicator in the world.

    Reply

  2. chris

    wish it came with popup and alarm

    Reply

  3. sanjay

    dear sir, i want to no the float (time frame )

    Reply

    admin Reply:

    I don’t quite understand what do you mean?

    Reply

  4. Thomas Butler

    why does the float only show blue bars even for down trends?

    Reply

    Andriy Moraru Reply:

    Because that’s how it works. It does not change colors. It shows the trend’s accumulated tick volume – it will be growing both for uptrends and for downtrends.

    Reply

  5. Thomas Butler

    repaints

    Reply

    Andriy Moraru Reply:

    Yes, it does repaint.

    Reply

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