The indicator is a ready-made manual trading system for scalping. The default parameters are set for the M15 timeframe. The parameters of the indicators can be configured individually. After the bar closes, the main values are not redrawn except for dynamic support/resistance zones and dynamic fractal trend lines.
The analysis of the situation for opening a position must be carried out on a closed bar. To open “purchases”, it is necessary that the color of the candle is green, and the direction change symbol (by default, it is a dot) is light blue, and the current candle is opened near the center of the range channel (light gray line). The closer to the center of the channel, the more reliable the signal is. To open “sales”, the candle should be red, and the direction change symbol should be yellow.
For a more detailed analysis and to improve the accuracy of opening a position, it is necessary to take into account the support/resistance zones and trend lines built into the indicator.
For each selected instrument (currency), it is necessary to take into account the hours of its highest / lowest volatility. Signals are more stable with good volatility.
The system can be used both on flat areas and in a trend, while it is necessary to take into account that when working against the trend, you need to use a small profit value, as well as the possibility of a reversal or closing a position when a reverse signal appears.
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For more risky trading, you can only use direction points, but in this case, the reliability of the signal decreases. In addition, do not forget about the calendar of the release of important economic news and speeches of politicians, this can make adjustments and unpredictability in the behavior of the price.
- Bars calculation limit-limit of calculation bars
- Ind1 calculation period – period 1
- Ind1 dynamic period calculation – dynamic period 1
- Ind1 fast mode – fast mode 1
- Ind1 slow mode-slow mode 1
- Ind2 calculation period – period 2
- Ind2 fast mode-fast mode 2
- Ind2 slow mode-slow mode 2
- Ind3 calculaton period – period 3
- Ind3 fastest mode – faster mode 3
- Ind3 fast mode-fast mode 3
- Ind3 slow mode-slow mode 3
- Ind3 slowest mode – slower mode 3
- Ind4 fast period – fast period 4
- Ind4 slow period – slow period 4
- Channel period – channel period
- Channel dynamic range period – dynamic period
- Channel dynamic multiplier-multiplier
- Channel range deviation period – deviation period
- Channel deviation multiplier – deviation multiplier
- Arrow up symbol code – the code of the growth symbol
- Arrow down symbol code – the code of the falling symbol
- Show support/resistance zones-enable zones
- Show support/resistance trendlines-enabling trendlines
- Support weak zone color – the color of weak support zones
- Support untested zone color – the color of the new ones
- Support verified zone color – the color of the verified zones
- Support proven zone color – the color of proven
- Support turncoat zone color – the color of the punched lines
- Resistance weak zone color – the color of the weak
- Resistance untested zone color – the color of the new resistance zones
- Resistance verified zone color – the color of the verified zones
- Resistance proven zone color – the color of proven
- Resistance turncoat zone color – the color of the punched holes
- Show weak zones-show weak zones
- Fuzzfactor-Zone width factor
- Zone solid mode-fill mode
- Zone border line width – the width of the border line
- Zone border line style – border line style
- Merge zones mode-merge mode
- Extend zones mode – extension mode
- Dynamic range period – dynamic period
- Bars between touch – the number of bars between touches
- Ignored bars count – the number of ignored bars
- Fast zones fractal one side bars – the number of bars on one side of the fractal for fast zones
- Slow zones fractal one side bars-for slow zones
- Trendlines fractal one side bars-for trend lines
- Back steps for trendlines-steps back
- Trendlines count – number of lines
- Show trendlines as channels-channel mode for trendlines
- Show trendlines fractals-display fractals
- Fractal up symbol code – the code of the fractal up symbol
- Fractal down symbol code – the code of the fractal down symbol
- Trendline 1 up color – line color
- Trendline 2 up color – line color
- Trendline 3 up color – line color
- Trendline 1 down color – line color
- Trendline 2 down color – line color
- Trendline 3 down color – line color
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