VR Grid - high quality charts marking
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The utility greatly simplifies the routine work of a trader on marking up financial instruments with graphical objects. All manipulations are performed with the mouse on the chart.
Professional indicator for synthetic analysis of a currency pair. The program shows the trader a general picture of the separation for each currency included in the currency pair in question.
Pivot points (Pivot) are used by traders to identify potential support and resistance levels. Pivot points are based on the key highs, lows, opening and closing prices of the previous period. Pivots were previously used on exchange markets. Traders, before the start of the trading day, calculated Pivot points relative to the previous trading period. This helped to find the strongest support and resistance levels.
The indicator marks up charts in its own way. In contrast to the standard marking method, VR Grid marks chart with the specified step and links the grid to round price values. The VR Grid indicator keeps the mark up and scale, so that the grid cells always have a constant size.
The indicator analyzes the current scale and price on the chart at every launch. It marks and builds a new grid according to the received data.
The indicator does not trade automatically, so the yield depends on the knowledge and skills of the trader.
Configure the grid as you like. Use round levels to find support and resistance.
The video review is temporarily unavailable.
Version 21.080 - 20.08.2021
Optimization, improvements, fixes.
Version 20.057 - 27.05.2020
Version 20.040 - 14.04.2020
The indicator has been completely rewritten and updated
Version 15.010 - 14.10.2015
Added the Prefix parameter, which allows you to run multiple copies of the indicator on the same chart.
All ideas and plans are implemented in the indicator. At the moment, there are no further development plans. If you have a suggestion, you can write it below in "Reviews and discussions" section
For MetaTrader 4
For MetaTrader 5
Question: How does an Expert Advisor differ from an indicator and script?
Answer:An adviser is a program that is constantly working and has the rights to trade. Expert advisors can perform almost any trading or non-trading operations.
Indicators, unlike expert advisors, cannot trade, the trading function is not available in the indicator. You can also set multiple indicators on a single chart, but you can only set up one expert advisor.
Scripts and expert advisors can trade and perform any trading operations, but unlike indicators and expert advisors, scripts are removed from the chart automatically after performing their operation. Script is a one-time thing.