If you're looking to elevate your trading game, the Pan PrizMA Sin Leverage 72 indicator for MetaTrader 5 might just be the tool you need. This innovative indicator constructs a sliding line using a 4th-degree polynomial interpolation, which is then extrapolated into a sinusoidal function. You can visualize it as a constant line with line_power = 2 or an inclined straight line with line_power = 3 (the latter is redrawn to help you see the plot clearly).
What sets this indicator apart is its ability to derive values without redrawing. From the created sinusoids, one value is removed on each bar, building a line of extrapolated values that remains static, allowing you to make informed trading decisions without second-guessing your analysis.
For those still using MT4, you can find the previous version of this indicator here.
Key External Variables:
- line_power: This determines the degree of the extrapolated line.
- leverage: This parameter adjusts the removal values for the resulting line, based on the backward slid first line.
- multiplier: This controls the value removal from different points. Setting it to zero removes values from the axial line, one from the sinusoid, and minus one from the mirror sinusoid through the axial line. You can set it to any value that suits your strategy.
- line4_SHIFT: This is the offset for the resulting line of extrapolated values.
- interval: This refers to the multiples for averaging.
If you're interested in diving deeper into the indicator's potential, check out the refinement discussion in this forum thread.
For those looking to explore further development possibilities, take a look at this potential development of the indicator.
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