Disliked{quote}
Not changing anything at all, just dragging indi into the MT4 indicators folder using the Open Data Folder route, & Refresh. Done this 1000's of times with many indicators, etc. The indicator just flashes the message as I have screenshotted before. Never mind, I get the purpose of the indicator. I think it may be a nice addition to my Market Structure & Lines which often gives me the same information anyways.Ignored
Hi Shabs,
That Indi as I observe it is like what oopDave & Kwt & Ian were talking about, ie octaves.
Where we might look at the Quarters (and I can visually see the halfway point between the quarters without an indi) that indi does its similar job.
Why I prefer the Q's is that it is hard coded price 1.0000, 1.0500 etc.
The indi you downloaded starts at Day Open each day, and while I love the DO and have a good Day Open Broker price imho only (they're NOT the ones I trade with though, lol) what we have found when discussing DO before, especially on gap days, is that NOT ALL broker charts start the new Day at the exact same price, so the indi would be "slightly" different on each traders chart.
Other than that, the eighths sits fine with me as another Horizontal Line of Attraction for the market where I can just watch what they do from there..