Intro:
Most of my scanners have Min/Max Distances in Factors. For every totally different timeframes.
So this weblog publish can be helpful in understanding methods to Calculate Minimal or Most Level distances utilizing Cross Hair Software in MT4.
That is an instance from Ichimoku Scanner Dashboard:
https://www.mql5.com/en/blogs/publish/747457
https://www.mql5.com/en/market/product/41711
Exhibiting Min Distances between Kumo Cloud and Value:
Right here center worth 190 is distance in factors.
So suppose you might be utilizing timeframes M15,M30,H1
And you retain “Min Value-Cloud Distance” values 40,80,160
Then it is going to verify on M15 that worth is at the least 40 factors above Kumo for Purchase and 40 factors beneath Kumo for Promote.
And for M30, it is going to verify 80 factors above/beneath and for H1 160 factors above/beneath.
Identical means you possibly can set different Min Distances as 40,80,160 or no matter values you want primarily based on the Min distance you favor on that timeframe.
Level Distances:
Suppose Min Distance of M30 is 50 factors.
For instance, in EURUSD if a line is at 1.06000, then it is going to verify worth is inside level distance of 1.06050
And for EURJPY if a line is at 138.600 then it is going to verify worth is inside Min Distance of 138.650
Level calculations can be totally different for various pairs, primarily based on that pairs’ level digits.
New Notation:
For newer scanners, the purpose distance notation is barely totally different.
Instance from EMA Bounce Indicator:
These newer scanner variations have Min Distance format like M15=40,M30=80,H1=160
Which makes it a lot simpler to maintain distances calculated secure. Even while you don’t use these timeframes anymore.
