The algorithm allows you to stay longer in a trend where the bulls or bears are in control.
The indicator changes color immediately the price exits oversold/overbought state.
In short, the downtrend [red] bars start to paint when the buying pressure decreases while the uptrend [green] bars form as the buy pressure kicks in.
For MT4 version, follow ::
The algorithm allows you to stay longer in a trend where the bulls or bears are in control.
The indicator changes color immediately the price exits oversold/overbought state.
In short, the downtrend [red] bars start to paint when the buying pressure decreases while the uptrend [green] bars form as the buy pressure kicks in.
For MT4 version, follow ::
Advantages
- Allows you to stay longer in a trend
- Does not repaint closed bars.
- Works with any timeframe
- Not oversensitive to medium price fluctuations.
- Works with any broker
[spoiler title=”Read More…”]
- Discounted introductory price at 50%
How to use
? Buy when first Green bar closes. Re-enter the trend when price deeps and starts to retreat during the green state.
? Sell when first Red bar closes. Re-enter the trend when price deeps and starts to retreat during the red state.
Ideal for the following:
EURUSD
GBPUSD
USDCAD
USDCHF
GBPCHF
EURGBP
AUDUSD
CADCHF
NZDCHF
AUDNZD
AUDCAD
NZDCAD
EURNZD
GBPAUD
EURAUD
EURCAD
Other instruments where it works.
HEATING_OIL
GASOLINE
_TELCOM_IT
XRUSD
XLMUSD
MIOTASUSD
EURUSD
GBPUSD
USDCAD
USDCHF
GBPCHF
EURGBP
AUDUSD
CADCHF
NZDCHF
AUDNZD
AUDCAD
NZDCAD
EURNZD
GBPAUD
EURAUD
EURCAD
Other instruments where it works.
HEATING_OIL
GASOLINE
_TELCOM_IT
XRUSD
XLMUSD
MIOTASUSD
Settings
K% Period. For Best results, use values between 25 – 100.
D% Period. Use values between 1 – 3
Slowing. Use values between 1 – 3
Method. Any works fine
Applied Price. Any works fine
K% Period. For Best results, use values between 25 – 100.
D% Period. Use values between 1 – 3
Slowing. Use values between 1 – 3
Method. Any works fine
Applied Price. Any works fine
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