Mastering the Wavy Dash Indicator for MT4: Your Trading Companion

Author:

http://pipswanted.com

The Wavy Dash Indicator is a powerful tool for traders using MetaTrader 4. It employs the Gann method, providing clear signals for your trading strategy. When the indicator displays green lines, it's time to buy, while red lines signal a sell. It’s straightforward and effective!

Indicator Code:

for(int i=Bars-Back;i>=0;i--)
{
      if(Close[i]>iMA(Symbol(),0,Back,0,MODE_SMA,PRICE_HIGH,i))
      {
         one=1;
     }   
      else
      {
         if(Close[i]<iMA(Symbol(),0,Back,0,MODE_SMA,PRICE_LOW,i))
            one=-1;
         else
            one=0;
      }
      if(one!=0)
      {
         two=one;
      }   
      if(two==-1)
      {
         double a = iMA(Symbol(),0,Back,0,MODE_EMA,PRICE_HIGH,i+1) - iClose(Symbol(), 0 ,i+2);
         red[i] = (iClose(Symbol(), 0 ,i) - a); 
      }
      else
      {
         double b = iClose(Symbol(), 0 ,i+2) - iMA(Symbol(),0,Back,0,MODE_EMA,PRICE_LOW,i+1);
         green[i] = (iClose(Symbol(), 0 ,i) + b);
      }
}

For more insights and information, check out:

• http://pipswanted.com
• If you have any questions or need help with trading, feel free to ask here: http://tradersqa.com