Hey fellow traders! Today, let’s dive into the PPF indicator, developed by Yousufkhodja Sultonov. This tool is a great addition to your trading toolkit on MetaTrader 4.
While I'm not the original creator, I’ve translated the calculations into MQL4 from Yousufkhodja’s Excel file. Though the original file isn’t saved, I've annotated the code to match the relevant cells from the spreadsheet, making it easier for you to follow along.
If you want to explore more about this indicator, check out these threads:
Now, let’s get to the core of the PPF indicator. It consists of three lines: P1, P2, and P3. These lines help to forecast price movements based on the trajectory of P3. During significant upward or downward trends, you'll notice all three lines merging into one, providing a clearer market direction.
Exciting news! The latest version has been updated to include a 'Remove Indicator Drawing' function, allowing you to toggle the indicator’s visibility on historical data. This makes it easier to analyze past trends without cluttering your charts.
So, give the PPF indicator a try and see how it can enhance your trading strategy. Happy trading!
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