CONSTRUCTING A SQUARE ON MT4
1. Construct a Vesica Pisces using your constructed circle/arc from a definite swing(high/low and low/high) by;
a. Drawing from a swing high to it swing low.
b. Draw again from it swing low to it swing high (vice-versa of step a)
2. Use PitchFork (PF) tool to draw/start from the mid-point where the 2 arc meet
3. The remaining of the 2 PF points should touch the swing highs and lows, you will observe that the center line of the PF is touching the opposite site of the mid-point of the arc too.
4. Now use your trendline(TL) to draw from the point where the upperline(UL) of PF intersect the arc to the lowerline(LL) of PF that intersect the arc.
Thats't, your Square.
Don't worry about all the steps, just do it I am sure you will figure it out.
1. Construct a Vesica Pisces using your constructed circle/arc from a definite swing(high/low and low/high) by;
a. Drawing from a swing high to it swing low.
b. Draw again from it swing low to it swing high (vice-versa of step a)
2. Use PitchFork (PF) tool to draw/start from the mid-point where the 2 arc meet
3. The remaining of the 2 PF points should touch the swing highs and lows, you will observe that the center line of the PF is touching the opposite site of the mid-point of the arc too.
4. Now use your trendline(TL) to draw from the point where the upperline(UL) of PF intersect the arc to the lowerline(LL) of PF that intersect the arc.
Thats't, your Square.
Don't worry about all the steps, just do it I am sure you will figure it out.
Attached Image(s) (click to enlarge)
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