Bollinger Bands or Bollinger Bands (BB) is a channel indicator that has a serious drawback. It
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ConveX Drive attracts vertical histogram bars in inexperienced, purple and white. The definition of the indicative colours of buy (inexperienced bar), sale (purple bar) and for impartial market (white bar) happens via the indicators of 13 indicators, that are: HiLo, 3 Shifting Averages, MACD, VWAP, Prior Cote (earlier closing), Stochastic, RSI, Ichimoku Clouds, ADX, Bollinger Bands and Cumulative Quantity. By means of the enter settings it’s doable to tell the minimal variety of indicators that have to sign a course (purchase or promote) in an effort to outline the colour of the bar. Instance: if the person has chosen a minimal of 8 indicators (default setting), then when a minimum of eight of the 13 indicators sign a purchase order or sale, the bar will likely be drawn as inexperienced or purple, obeying the order, in any other case it is going to be drawn as white.
Traits
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This indicator can be utilized within the property of the Brazilian Inventory Alternate, B3, Foreign exchange, the American market and different markets;
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ConveX Drive has large utility diversification, having the ability to confirm: traits, pattern power, buying and selling volumes and consolidation areas;
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It will also be a terrific possibility to be used in Knowledgeable Advisors (buying and selling robots), the place via a single buffer (buffer number one) it’s doable to acquire the values for every of the bars: 2-> inexperienced bar, 1- > purple bar and 0-> white bar.
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This indicator can be utilized within the property of the Brazilian Inventory Alternate, B3, Foreign exchange, the American market and different markets;
ConveX Drive has large utility diversification, having the ability to confirm: traits, pattern power, buying and selling volumes and consolidation areas;
It will also be a terrific possibility to be used in Knowledgeable Advisors (buying and selling robots), the place via a single buffer (buffer number one) it’s doable to acquire the values for every of the bars: 2-> inexperienced bar, 1- > purple bar and 0-> white bar.
Buying and selling Alerts
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Relying on the variety of lively indicators, the larger the minimal variety of indicators for signaling the course, the smaller the variety of indicators, nevertheless they are going to be extra correct;
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Relying on the variety of lively indicators, the smaller the minimal variety of indicators for signaling the course the larger the variety of indicators, nevertheless they are going to be much less correct;
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The larger the variety of consecutive bars of the identical coloration, the larger the power of the pattern within the course by which the colours of the bars happen;
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If the colours alternate between two or extra colours it’s a signal of a impartial or consolidated market, that’s, with no particular pattern.
Relying on the variety of lively indicators, the larger the minimal variety of indicators for signaling the course, the smaller the variety of indicators, nevertheless they are going to be extra correct;
Relying on the variety of lively indicators, the smaller the minimal variety of indicators for signaling the course the larger the variety of indicators, nevertheless they are going to be much less correct;
The larger the variety of consecutive bars of the identical coloration, the larger the power of the pattern within the course by which the colours of the bars happen;
If the colours alternate between two or extra colours it’s a signal of a impartial or consolidated market, that’s, with no particular pattern.
Customization
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It’s doable to activate or deactivate the symptoms that you just need to use or not;
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Chance of informing the minimal variety of indicators for drawing the bars;
It’s doable to activate or deactivate the symptoms that you just need to use or not;
Chance of informing the minimal variety of indicators for drawing the bars;
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Chance to be configuring every of the 13 indicators individually;
Chance to be configuring every of the 13 indicators individually;
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Chance of fixing the colours of the indicator in response to desire.
Chance of fixing the colours of the indicator in response to desire.
Chart
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By means of a separate window, histogram bars indicating buy (inexperienced bar), sale (purple bar) and impartial market (white bar) are displayed;
By means of a separate window, histogram bars indicating buy (inexperienced bar), sale (purple bar) and impartial market (white bar) are displayed;
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The values for every of the 13 indicators that assist outline the colours of the ConveX Drive bars are displayed within the higher proper half;
The values for every of the 13 indicators that assist outline the colours of the ConveX Drive bars are displayed within the higher proper half;
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When the colour of the indicator in query is purple it signifies that it’s signaling sale, in any other case when it’s inexperienced it’s signaling buy.
When the colour of the indicator in query is purple it signifies that it’s signaling sale, in any other case when it’s inexperienced it’s signaling buy.
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31 August 2020
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