This ReadMe file provides information about the code for the Stop Grabber Pattern MT4 indicator. This indicator is used to identify the Stop Grabber Pattern and generate buy and sell signals based on this pattern.
- Indicator Name: Stop Grabber Pattern MT4
- Developer: Forex Robot Easy Team
- Developer's Website: https://www.forexroboteasy.com
- Official Developer: The official developer of this product can be found on MQL5.
- Indicator Type: Custom Indicator
- Chart Window: Yes
- Indicator Buffers: 2
- Buy Signal Color: Blue
- Sell Signal Color: Red
The OnInit() function is responsible for initializing the indicator. It sets the indicator style and arrow properties, as well as the indicator buffers for buy and sell signals.
The OnCalculate() function is the main calculation function of the indicator. It receives the necessary input data such as price data and volume, and iterates through the data to identify the Stop Grabber Pattern and generate buy and sell signals.
The function checks each bar of the chart and determines if it meets the criteria for the Stop Grabber Pattern. If it does, it generates a buy or sell signal based on additional conditions. The buy and sell signals are then stored in the respective indicator buffers.
The IsStopGrabberPattern() function is a custom function that identifies the Stop Grabber Pattern based on the provided description. The code for identifying the pattern is not included in this sample code and should be added by the user.
The IsBuySignal() and IsSellSignal() functions are custom functions that generate buy and sell signals based on the Stop Grabber Pattern. The code for determining these signals is not included in this sample code and should be added by the user.
The Stop Grabber Pattern MT4 indicator is a high probability forex signal generator. It is designed to identify the Stop Grabber Pattern and generate buy and sell signals based on this pattern. The indicator can be used on any currency pair and time frame.
For detailed reviews and trading results of this product, please visit https://forexroboteasy.com/forex-robot-review/stop-grabber-pattern-mt4-review-high-probability-forex-signals/. Please note that Forex Robot Easy is not the official developer of this product. We only provide sample code that can work as described in this product. To find the official developer of this product, please refer to MQL5.