Welcome aboard, fellow traders! Today, we're diving into the Pan PrizMA No Leverage 72 indicator tailored for MetaTrader 5. This powerful tool is designed to enhance your trading experience by creating a dynamic sliding line based on a four-degree polynomial interpolation.
The magic happens as this line extrapolates with a sine wave, pulling in key values from the line_poweraxial, or a nearly constant slant with the power_line set to 3. This feature allows the indicator to redraw the graph for a clearer visual representation.
What’s more, from the constructed and axial sinusoids, one value from each bar is removed, resulting in a line of extrapolated values that never redraws. This means you get a consistent view of market dynamics without second-guessing yourself.
External Variables Explained:
- line_power: This variable denotes the degree of the extrapolated line.
- leverage: It sets the elimination values for the resultant line, leveraging from the first sliding line shifted backwards.
- multiplier: This allows for adjustment of values. If set to zero, it removes values from the axial; if one, it operates from the sinusoid; and if minus one, it reflects through the axial from the mirror sinusoid point. It can accept any value!
- line4_SHIFT: This variable indicates the line shift resulting from the extrapolated values.
- interval: This increases the average multiple for better accuracy.
If you want to delve deeper into this indicator, check out our community discussions on calculation of differences and examples.
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