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1. Purpose
Main purpose of AIS1AI is to extend market view.
This indicator suits for manual trading.
2. Timeframe
Using timeframe depends on trading strategies.
For me preferrable timeframes are M1 and M15.
3. Explanations
Let we trade.
Let we see that AIS1AI displays nearest extremum point at price 1.35169 minimum.
Let we want to place buy limit order at the minimum price with minimal stop-loss distance.
AIS1AI displays that for the moment minimal stop-loss distance is equal to 100 points.
Then we know our nearest stop-loss level is equal to 1.35069.
Let we want to place stop-loss at 1.34950 instead of 1.35069.
AIS1AI may display that for the moment minimal stop-loss distance is equal to 300 points.
In means for us that nearest stop-loss level is equal to 1.34869 or lower.
Then we must to search other opportunities.
Free Download AIS1 Advanced Indicator.rar :
AIS1AI.mql4
Tick_on_Chart.mql4
AIS1 Advanced Indicator.txt
