Technical Indicators for MetaTrader 4

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MetaTrader 4

MT4 Experts MT4 Indicators MT4 Libraries MT4 Utilities

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Information

Indicators
MetaTrader 4
Vitalii Zakharuk
1.1
5

Overview

The Reaction indicator forms arrows (by default, red and blue). The indicator is set in the usual way to any trading symbol with any time interval.

This is an indicator of trend and trading signals, based on the principle of a combined analysis of calculated reference points within the channel as well as overbought and oversold levels.

Input parameters
  • Period - indicator period;
  • LevelUp - overbought level;
  • LevelMid - balance level;
  • LevelDown - oversold level.

Indicator Benefits
  • High accuracy;
  • Work with any trade symbols;
  • It works at any time intervals;
  • Not redrawn.

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