Metatrader 5 Indicator | Aklamavo Quarters Theory

This indicator implements the "Quarters Theory" - a technical analysis concept that divides price movement into four quarters around a central base level. It's designed to work with multiple asset types (Forex, stocks, commodities, etc.) and provides visual quarter levels on the chart.

Quarters Theory Concept:

• Base Level: Central reference price

• Quarter 1: Price range from Base to Base + Quarter Range

• Quarter 2: Price range from Base + Quarter Range to Base + 2*Quarter Range

• Quarter 3: Price range from Base - Quarter Range to Base

• Quarter 4: Price range from Base - 2*Quarter Range to Base - Quarter Rang

  1. Flexible Base Level Calculation:

  • Current Daily Close: Latest closing price

  • Previous Day Close: Yesterday's closing price

  • Previous Week Close: Last week's closing price

  • Previous Month Close: Last month's closing price

  • Weekly/Monthly Open: Start of week/month price

  • Custom Level: User-defined price level

  
  

  
  




2. Multiple Quarter Size Units:

• Pips: Forex-specific measurement

• Points: Smallest price increment

• Percentage: Percentage of base level

• Absolute: Fixed price value

3. Multi-Asset Support:

• Automatically detects Forex vs. other instruments

• Adjusts pip calculations for different symbol formats

• Handles unavailable timeframes gracefully

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