Float

jiva34

Active Trader
Sep 15, 2009
1
0
32
TN USA
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.
 

heisami

Active Trader
Oct 29, 2009
2
0
32
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
 

ronald123

Trader
Feb 24, 2013
2
0
12
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

Administrator
Staff member
Nov 30, 2008
16,048
818
144
Odessa
www.earnforex.com
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

Master Trader
Aug 5, 2016
56
9
49
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?
 
Last edited:

Enivid

Administrator
Staff member
Nov 30, 2008
16,048
818
144
Odessa
www.earnforex.com
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.
 

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