Technical Indicators for MetaTrader 4
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MetaTrader 4
Top Rated Products MT4
Overview
The indicator developed for trading uses market volatility, allowing you to predict the price movement at the very beginning.
Reading the volatility and momentum of the price, it builds two lines, fast and smoothed. When the fast line crosses the smoothed line, a change in trend movement occurs.
Signals appear not at the moment of intersection of the lines, but an additional indicator generator of signals on the movement of the fast line.
If the fast line is above the smoothed one, the trend is bullish, if the fast line is below the smoothed one, the trend is bearish.
The signal arrow appears at the moment of closing the candle and will never disappear or be drawn on the previous candle.
After the formation of signal arrows, the indicator monitors the duration of this signal, drawing squares on the smoothed line as the price moves. When the squares stop appearing, the end of the signal occurs.
Description
Reading the volatility and momentum of the price, it builds two lines, fast and smoothed. When the fast line crosses the smoothed line, a change in trend movement occurs.
Signals appear not at the moment of intersection of the lines, but an additional indicator generator of signals on the movement of the fast line.
If the fast line is above the smoothed one, the trend is bullish, if the fast line is below the smoothed one, the trend is bearish.
The signal arrow appears at the moment of closing the candle and will never disappear or be drawn on the previous candle.
After the formation of signal arrows, the indicator monitors the duration of this signal, drawing squares on the smoothed line as the price moves. When the squares stop appearing, the end of the signal occurs.
Description
- The indicator includes a blue guiding line, blue or red, depending on the direction of the line.
- For the indicator to work correctly, it is necessary to correctly configure the first parameter "Adjustment for volatility", the default value is 1, it is suitable for major currencies: EURUSD, GBPUSD and some others. For EURJPY, it is necessary to set 4, for GOLD 5, you can use reduced volatility. For other trading instruments, you need to independently select the volatility level so that the indicator looks like on EURUSD.
- The "Smoothed line period" parameter changes the smoothness and duration of the red and blue lines. Change when moving through Time Frames, use a larger number on lower ones, a smaller number on higher ones.
- The "Signal sensitivity" parameter regulates the formation of the signal arrow and the duration of the signal after it, for scalping, choose a smaller number, for intraday trading, a larger one.
- The input parameters allow you to configure the indicator for any trading instrument and Time Frame.
- Signal arrows work without repainting and have several types of alerts.
