KLEO INDICATOR SET
KLEO INDICATOR SET consists of two channels. The first one is enhanced Price Channel (a channel drawn using the maximum and minimum prices for a specified period ) with independently movable upper and lower levels, which also allows marking out the maximum and minimum price ranges as well as the breakthrough points. The second one is a channel with fixed levels drawn relative to the open price of a specified hour, which allows indicating your work time.
1. Indicator Parameters
UPDATING PRICE CHANNEL Parameters | Description |
---|---|
Bars | Number of bars for calculating the UPDATING PRICE CHANNEL. If the value is negative, the channel will not be displayed. |
Shift from High | Shift of the upper level in pips. Line color - (0), see notes. |
Shift from Low | Shift if the lower level in pips. Line color - (1) |
Max delta | Maximal range of the price change ((High - Low) value for the Bars period) to consider the channel being absent. If this range is greater than Max delta the levels will be displayed with the other color (4). |
Min delta | Minimal range of the price change ((High - Low) value for the Bars period) to consider the price not moving. If the range is less than Min delta the level will be displayed with the other color (5). |
FIXED LEVELS Parameters | Description |
---|---|
Open Hour | Hour of the open price used for calculation of the fixed levels. The levels are valid from this hour to the same hour of the next day. |
High level | Upper level = (Open price at Open Hour) + (High level points). Line color - (3). |
Low level | Lower level = (Open price at Open Hour) - (Low level points). Line color - (3). If High level and Low level are equal to 0, the channel will not be displayed. |
Start time | Start time. The levels have different colors depending at working and nonworking time. (3) and (0) respectively. |
Close time | End time. (Start time > Close time) means overnight working time. (Start time = Close time) means twenty-four-hour operation. |
Note:
- Digits in brackets are the color numbers in the color set (the Colors tab in the parameters window). Default colors are picked for the black on white color scheme of the chart.
- All the input parameters are specified as for 4-digit quotes. Recalculation for 5-digit quotes is automatic.
- The second channel is plotted on H1 or lower periods.
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