Very interesting indicator! What does it do? | Forex Factory

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Very interesting indicator! What does it do?

  • #1
  • First Post: Dec 27, 2007 4:29pm Dec 27, 2007 4:29pm
Does anyone know what this indicator does?
It shows levels but I am not sure what they mean or even the theory behind their calculations.
Attached File(s)
File Type: mq4 RIDI_LEVELS_MT4.mq4   14 KB | 942 downloads
File Type: ex4 RIDI_LEVELS_MT4.ex4   18 KB | 591 downloads
  • #2
  • Dec 27, 2007 5:56pm Dec 27, 2007 5:56pm
I found this on another forum and no one knows what it does or how it works there either.

I hope someone here maight know it.
It seems to show sup/res or maybe even price projections.
Attached File(s)
File Type: mq4 RIDI_LEVELS_MT4.mq4   14 KB | 661 downloads
File Type: ex4 RIDI_LEVELS_MT4.ex4   18 KB | 581 downloads
  • #3
  • Dec 27, 2007 5:57pm Dec 27, 2007 5:57pm
Quoting WHTenn
You may get an answer in the metatrader section my friend
Thank you...I started another thread there.
  • #4
  • Dec 28, 2007 3:57am Dec 28, 2007 3:57am
Anyone tried this yet?
  • #5
  • Dec 28, 2007 4:07am Dec 28, 2007 4:07am
I threw this on a 30M EUR/USD chart and it looks very interesting. This is a 2004 Russian made indicator which is no longer posted on the internet and apparently abandoned. This indicator has a very extensive custom variables which I am also posting.

Maybe someone will recognize it and what it does.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ridi.png Size: 22 KB
Click to Enlarge Name: Ridi 2.png Size: 50 KB
  • #6
  • Dec 29, 2007 9:19am Dec 29, 2007 9:19am
This indicator seems to analyse importent historic S/R-levels specified by a range of price and time (e.g. 1.5000-1.4000 & 1980-2008). Interesting on 4H in ranging markets. There are several variables I don't understand.
/ ... clarifying decisions ... /
  • #7
  • Dec 29, 2007 9:24am Dec 29, 2007 9:24am
Not a MT user so couldn't tell you anything, but I would advise you to follow it in realtime to see if it actually "plots as things happen".
  • #8
  • Dec 29, 2007 1:18pm Dec 29, 2007 1:18pm
I haven't looked at it in real time yet so I am not sure when it updates.
  • #9
  • Dec 29, 2007 11:31pm Dec 29, 2007 11:31pm
Quoting SunTrader
Not a MT user so couldn't tell you anything, but I would advise you to follow it in realtime to see if it actually "plots as things happen".
I threw it up on my chart and I am watching this.
  • #10
  • Dec 30, 2007 6:44pm Dec 30, 2007 6:44pm
Next ridi level for e/u is at 4750
Attached Image (click to enlarge)
Click to Enlarge Name: ridi-levels-2007-12-31 01.39.gif Size: 25 KB
/ ... clarifying decisions ... /
  • #11
  • Mar 20, 2008 3:07am Mar 20, 2008 3:07am
does anybody have ever tried use this indie????? Looks intresting.......
" Good things come to those who wait " ( bon jovi 'santa Fe' )
  • #12
  • Mar 21, 2008 3:01am Mar 21, 2008 3:01am
Quoting Lost_angles
does anybody have ever tried use this indie????? Looks intresting.......
this forum is 3 months old.
the russian indicator i think detects sr's.
Request custom Expert Advisor or Indicator: dostapyuk "at" gmail . com
  • #13
  • Last Post: Mar 21, 2008 1:59pm Mar 21, 2008 1:59pm
Quoting Oksana17
this forum is 3 months old.
the russian indicator i think detects sr's.
OIC did u ever use it?? does it make green pips.....
" Good things come to those who wait " ( bon jovi 'santa Fe' )
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