Apprentice wrote:Can you provide a mq4 version of indicator, a detailed description or mentioned e-book via email?
Sorry about that Apprentice. It seems that I only have the .ex4 for the indicator.
However, I will email you a copy of the book. These are essentially PSYCHOLOGICAL LEVELS, but they are broken up into Quarter Intervals.
From the chapter entitled The Quarters, Yotov explains that:
" The Quarters Theory focuses on the 1000 PIP Ranges between the Major Whole Numbers in currency exchange rates and divides these ranges into four equal parts, called Large Quarters. Each 1000 PIP Range contains four Large Quarters and each Large Quarter has exactly 250 PIPs (1000 PIP Range/4 = 250 PIPs). The numbers that mark the beginning and the end of each Large Quarter are given the name Large Quarter Points. The Large Quarter Points that coincide with Major Whole Numbers are also called Major Large Quarter Points, because they represent critical junctions that signal the end of a previous and, at the same time, the beginning of a new
1000 PIP Range. The exact half point of each 1000 PIP Range coincides with a Large Quarter Point and is also called the Major Half Point of the 1000 PIP Range." pg 4-5
For small Quarters he explains that...
"The 100 PIP Ranges between two whole numbers in currency exchange rates are also divided by The Quarters Theory into four equal parts called Small Quarters. Each 100 PIP Range contains four Small Quarters and each Small Quarter has exactly 25 PIPs (100 PIP Range/4 = 25 PIPs). The
numbers that mark the beginning and the end of each Small Quarter are given the name Small Quarter Points. The Small Quarter Points that coincide with Whole Numbers are also called Major Small Quarter Points, because they represent critical junctions that signal the end of a previous
and, at the same time, the beginning of a new 100 PIP Range. The exact middle point of each 100 PIP Range coincides with a Small Quarter Point and is also called the Half Point of the 100 PIP Range." pg 5-6
This is what the indicator looks like on my MetaTrader Platform