this DG trend Signs index colors candlesticks according to the trend color and clearly shows regions of consolidation with the dogma Trend and dogma Channel indicators.
It is designed to help users in exchange show tendencies, areas of consolidation and designation of points of entrance and exit. When determining breakouts, the index also takes into consideration consolidations.
- Designed to be easy to use, it’s a few of parameters
- DOES NOT redraw
- NOT recalculated
- Input signs
- Works on ALL pairs
- Works on ALL timeframes
- lots of types of notifications
- Signal Sensitivity – sensitivity of price change detection (the higher the value, the lower the sensitivity)
Use this parameter to adjust the sensitivity of the dogma signal. It indicates how many price changes are needed for them to be considered significant. Similar to the MACD signal line, but more sensitive.
If you use lower timeframes (from M1 to M15) for intraday trading, use a small integer (for example, from 3 to 20). For swing or position trading, use higher values (for example, above 21). For best results, set this parameter to a value lower than Trend Sensitivity.
- Trend Sensitivity – the sensitivity of trend detection (the higher the value, the lower the sensitivity)
This parameter is used to determine trends, this is the main value for the candle coloring function. As in the previous parameter, if you use lower timeframes (from M1 to M15) for intraday trading, use a small integer (for example, from 19 to 36). For swing or position trading, analyze higher timeframes (H1, D1) and use higher values (for example, above 144).
- Congestion Sensitivity – channel breakdown detection sensitivity (the higher the value, the lower the sensitivity)
Using this parameter, the indicator adjusts its sensitivity for long periods of consolidation. As a rule, for day trading, you should use low values (for example, from 8 to 24), and for longer trading, values from 14 to 36.
- Sigma Sensitivity-amplitude of dogma Channel changes
Sigma is an advanced parameter related to the rate of variation of the dogma channel. The higher the value, the lower the sensitivity. Recommended values are from 1.6 to 2.4. If you are just starting to use DG trendsigns, use the default value (2.1).
- Minimum Tick variation Sensitivity – the minimum tick change at which the price movement will be considered significant.
The minimum number of ticks that the price must pass before this movement is considered a breakout or significant price movement. Use it with caution and adjust it for each financial instrument, as the parameter is directly related to the price. If you are new to working with DG trendsigns or do not yet know how to use it, set the value to 1 or leave the default value.
- Price to be considered is the price for the indicator calculation
- Do not paint candles on weak trends/consolidations-paint candles in gray when there is a weak trend.
- Arrow shift-vertical indent of the signal arrow
- Bars analyzed – the number of analyzed bars
- Alerts-select preferred alert types
- EURUSD-charts from M1 to M15-daily trading
Trend Sensibility 74
Min Tick var 2
Consolidation Sensibility 38
DoGMA Channel Sigma 1.8
- EURUSD-charts from H1 to D1-swing trading
Trend Sensibility 144
Min Tick var 10
Consolidation Sensibility 36
DoGMA Channel Sigma 2.1
- EURUSD-charts from H1 to W1-position trading
Trend Sensibility 310
Min Tick var 14
Consolidation Sensibility 34
DoGMA Channel Sigma 2.1
The indicator is designed for a variety of manual trading methods. Finding the most appropriate settings for your purposes is up to you.
dogma Trend is a copyrighted method that uses a non-lagging averaging algorithm to determine the trend. dogma Channel is a new approach to calculating a dynamic channel that is sensitive to consolidations, minimal changes, and rapid price reversals.