The All-in-One Trade Indicator (AOTI) defines daily targets for the EURUSD, EURJPY, GBPUSD, USDCHF, EURGBP, EURCAD, EURAUD, AUDJPY, GBPAUD, GBPCAD, GBPCHF, and GBPJPY pairs. All other modules work on any tools. The indicator includes many functions: a double channel for determining the trend, a price channel, MA bands, building Fibo levels, determining the culmination point, etc. The indicator is designed to simplify market analysis and is based on several trading strategies that I use on real accounts.
- Plotting daily target levels for EURUSD, EURJPY, GBPUSD, USDCHF, EURGBP, EURCAD, EURAUD, AUDJPY, GBPAUD, GBPCAD, GBPCHF, and GBPJPY. The features of price movement, correlation of pairs, analysis of the speed of price movement, its volume and spread are used. The indicator calculates the levels on different timeframes and pairs, checks their development and strength, and then shows the optimal levels for the current day.
All the following functionality is suitable for any tools:
- Double channel for quick identification of the current trend. A slow channel shows a more significant trend. Fast – short-term trend;
- The Price Channel displays the boundaries of the price extremes;
- Fibonacci levels for determining the movement goals and the amount of price pullbacks;
- MA Bands helps you determine the strength of the trend and exit points;
- The culmination bars show possible reversal points (especially if they appear at significant levels) or continuation of the trend, depending on market conditions;
- Micro-support/resistance levels signal the end of the trend and a possible reversal. A breakout indicates the possibility of continuing the movement. Have a lower priority than the signals shooter;
- The arrows show the reversal points of the short-term trend. They have a higher priority than micro-levels. Their signals can be used as entry points for scalping.
[spoiler title=”Read More…”]
Important: to determine the levels, the terminal must be connected to your broker. The indicator needs a real-time flow of quotes and additional currency pairs to determine the daily levels. Due to this feature, the daily goal detection functionality is only available in real time!
- Estimated Entry – predicted entry level;
- Today TP – daily profit level;
- Today SL-stop level;
- Min TP – minimum profit level (also breakeven level);
- Max TP – the maximum profit level (for a very volatile market).
- GMT Offset Auto Detection – automatic detection of GMT Offset (does not work on weekends);
- Manual GMT Offset – manually set the GMT Offset value if automatic detection is disabled;
>>> CONFIGURE INDICATORS
Dual Channel Settings:
- Slow Channel Bar, Fast Channel Bar – the number of bars to calculate.
Price Channel Settings (Price Channel):
- Price Channel Period – the smoothing period.
Fibo Level Settings:
- Fibo Levels Bars for Count – the number of bars to calculate Fibo.
> > > > > > AOTI SETTINGS
- Distance Between the Price and Arrow-the distance between the Arrow and the price peak, in pips.
- Select Info Panel Size – Advanced and Minimum dimensions.
- Select Color Theme – Light and Dark themes.
Additional information and a description of the other variables are available in the blog.
- The price tends to the level of Today TP;
- If the price is too close to Today TP, then it is better to skip the transaction, or wait for additional confirmation;
- If the level of loss is much greater than the possible profit, it is worth to miss a deal;
- Scalping is possible in the direction of the main trend before reaching the Today TP level;
- At micro-levels or climax bars, you can fix part or all of the position when scalping.
[/spoiler]