Up Down v6 fixed

🌐 Up Down v6 V12.0 MT4 expert advisor (EA) — indicator with source code 👑

👉 More about the expert advisor (EA): https://www.mql5.com/ru/market/product/108818

👉 Link from the original post: https://www.mql5.com/en/market/product/108818

⭐️ Up Down v6 is an indicator for MetaTrader 4 that uses a mathematical approach to identify price tops and bottoms. According to the developer, its signals do not repaint, appear infrequently and are intended for extended price moves.

💎 Key features:

✅ Works on all currency pairs and timeframes, including one-minute M1 charts.

✅ The original post presents version V12.0 with source code; the developer’s description also lists changes in versions 13, 13.1 and 14.

✅ Version 13 introduced the wave parameter with an adjustable range of 200–500. Signals may differ when wave is set to 200.

✅ Version 13.1 added the ability to modify the histogram and signal line.

✅ Version 14 uses EMA, which, according to the developer’s description, makes signals visible even on the monthly chart.

📊 How to read the signals:

✅ The developer calls a crossing of the signal line by the red histogram an “up” signal, while indicating a likely price decline.

✅ The developer calls a crossing of the signal line by the blue histogram a “down” signal, while indicating a likely price rise.

✅ These signal names match the original description: their labels indicate the opposite direction to the expected price movement.

✅ Signals may appear on different timeframes, such as H4 or M15. The developer recommends considering each signal on the timeframe where it appears.

⚙️ Setup and use:

✅ The default value of the c parameter is 2,7. You can increase or decrease it to adjust the signals for a specific currency pair and chart.

✅ Adjust c on the daily D1 chart or on H4 so that signals are visible at price tops and bottoms. Then use the same c value for the selected pair on other timeframes.

✅ If signals are not visible, click the “+” button in the trading terminal to zoom in on the chart.

✅ The developer states that a date must be used for demo mode; the original description does not specify the date or how to set it.