Float

[Enivid]

Discuss Float indicator (trend detector) in this thread. You can ask any questions about this indicator here.

 

[jiva34]

what does the float measure

the indicator at bottom of chart called float. also the legend where it says float volume is such and such and then float volume left is such and such...
what is this float volume? can someone explain. I am using the indicator and fibs very successfully. As it fits my trading style. It is very helpful for me. But I would like to understand it a little better....
Thank you. Earn Forex is a very good site.

 

[Enivid]

As far as I understand, the Float volume is the amount of "volume" in the previous "full trend". The Float volume left is the Float volume minus the amount of "volume" in the current "trend".

 

[heisami]

Can some one explain to me how exactly does the float make its calculations and decide the start and end of the trend cycle....and very importantly does it repaint? How does one place the stops if trading the 4 hour charts using this indicator...is the target kept open till the float indicator indicates the end of the cycle??? Thanks in advance

 

[Enivid]

You can browse its code to see the exact formulas. In short - it find the tops and bottoms. As far as I see it doesn't repaint. You can use Fibonacci levels for targeting or - yes, just wait for the trend to end.

 

[Enivid]

Float indicator is now available for MetaTrader 5.

 

[ronald123]

Hi. I know this is an old thread, but just came across this indicator on the internet right now. Curious about the input parameter and its description: "Backtesting (default = 0) — doesn't affect anything." It doesn't say what it does when set to '1'...

Cheers

 

[Enivid]

If Backtesting = 1, it will start recording indicator's internal variables into MetaTrader's global variables (that can be seen by pressing F3). I believe the author of the Float indicator has used it for debugging of some kind.

Setting Backtesting to 1 will not affect the indicator's display or calculation.

 

[virtuado]

Although this thread is kind of antique, recently i did see this indicator and it seems kind of interesting to say the least.

When i attached the indicator which its basic settings to the chart, i did notice that the 1st and last bars of a swing don't show because of the fibonacci window.
But when i clicked on the properties of the vertical trendlines and enabled "sign this object in the background" the bars showed.
Is it possible to adjust this as an extra feature in the indicator?

Also i would i like to ask if it's possible to add an extra option to disable the DiNapoli lines by choice?

 

[Enivid]

Although this thread is kind of antique, recently i did see this indicator and it seems kind of interesting to say the least.

When i attached the indicator which its basic settings to the chart, i did notice that the 1st and last bars of a swing don't show because of the fibonacci window.
But when i clicked on the properties of the vertical trendlines and enabled "sign this object in the background" the bars showed.
Is it possible to adjust this as an extra feature in the indicator?

Also i would i like to ask if it's possible to add an extra option to disable the DiNapoli lines by choice?

Please check the attached modification if does the job.

 

[I'mHuy]

Float indicator is now available for MetaTrader 5.

hello, Adminstrator!
Thanks for your share. I see your support is very nice!