Indicator Thrust Bar displays on the price chart the long “persistent” bars.
The indicator has eight configurable parameters:
Indicator mode – indicator calculation mode
ATR – by ATR
Points – calculating by the bar size in points
ATR period – ATR calculation period (for Indicator mode = ATR)
ATR multiplier/Size candle in points – ATR multiplier (for Indicator mode = ATR), or the candle body size in points (for Indicator mode = Points)
Use long side – show the bullish bars found
Use short side – show the bearish bars found
Use alerts – use alerts
Send mail – send email notifications
Send push-notifications – send push notifications to your mobile device
Calculations for Indicator mode = ATR:
if the candle body size in points exceeds the values of ATR multiplier * ATR(ATR period)/Point,
then the bar found is drawn and a signal pointer is placed.
Calculations for Indicator mode = Points:
if the candle body size in points exceeds the value of Points, then the bar found is drawn and a signal pointer is placed.
Bar color:
green for bullish and red for bearish.
Signal pointer is placed:
on the Low price for a bullish bar and on the High price for the bearish bar
