Indicator for Checking the Current Price Level (Titan_Condition)
Quickly Check the Current Price Level Situation
This indicator displays on a sub-chart which levels the price has moved within the specified past period.
For example, if you specify a period of 5, it sets the price movements of the last 5 candlesticks to 100 and displays the price as bars (color-coded for bullish and bearish candles), allowing you to instantly see at which level the price is currently moving.
[Indicator Display Example]
Analyze Strength Across Different Time Periods
By displaying this indicator for two different periods, you can efficiently compare the strength in short-term and long-term trends, making it effective in timing your trades.
[Example of Overlaying Periods 10 and 60]
Note: This indicator is only compatible with TitanFX's Windows versions of MT5 and MT4.
Indicator Terms of Use
Only those who agree to all the following items may use the indicators distributed on this website (https://research.titanfx.com):
1.The indicators and related descriptions are based on various data believed to be reliable, but their accuracy and completeness are not guaranteed.
2.The data displayed by the indicators do not guarantee your investment results. Also, the displayed content may vary due to market conditions and communication environments.
3.Please make investment decisions using indicators at your own risk. We are not responsible for any disadvantages or damages arising from the use of indicators.
4.Specifications of the indicators are subject to change without notice. Changes will be announced on the indicator description pages, etc.
5.Indicators should only be used by customers who have downloaded them. Transferring or selling the indicators to third parties is prohibited.
Indicator Settings
Settings in the Input Tab (for MT5) or Parameter Input Tab (for MT4)
| Variable Name | Description | Default |
|---|---|---|
| Period | Specifies the number of candlesticks to be analyzed. | 5 |
Settings in the Color Tab (for MT5) or Color Settings Tab (for MT4)
| MT5 Variable Name | MT4 Variable Name | Description |
|---|---|---|
| 0 | 0 | Not commonly used |
| 1 | 1 | Specify the color for bullish candles |
| 2 | 2 | Specify the color for bearish candles |
| 3 | 3 | Not commonly used |