Author: Joe Chalhoub This FX custom indicator is very easy to set, it does not predict or forecast future trend movement it allows traders to take the maximum profit from a long or short trade. To install this indicator open the H5 period and insert it. It uses the 5 minutes period for entry points.
ASI was created by Welles Wilder as an ordinary fluctuations indicator that gets signals from previous maximums and minimums of price. Once, Wilder said: “Somewhere amidst the maze of Open, High, Low and Close prices is a phantom line that is the real market.” What helps us reveal this phantom line is the accumulation index.
Swing Index is a math expression of the operations activity for the last two bars. The indicator marks an “actual” instrument price by binding the current (Open, High, Low and Close) and previous prices. The data concerning the open prices must be available for the index calculation. The following index characteristics should be noted: The
Coensio Swing Trader makes it possible to trade semi-automatically using manually pre-defined support/resistance or breakout levels. EA sends automatically orders according to predefined trading direction which can be defined as simply as drawing a line on the chart. Trading SR and breakouts was never so easy. EA trading instructions: 1. Load EA on chart and
Coensio Swing Trader makes it possible to trade semi-automatically using manually pre-defined support/resistance or breakout levels. EA sends automatically orders according to predefined trading direction which can be defined as simply as drawing a line on the chart. Trading SR and breakouts was never so easy. EA trading instructions: Load EA on chart and set
Real author: MetaQuotes The Accumulative Swing Index indicator is applied for accumulative swing index construction (Accumulative Swing Index – ASI) which represents cumulative total of swing index values. Accumulative index draws an “actual” market line revealing market relative strength and trend. Support and resistance lines, breakdown of which is interpreted as an indicator’s signal, are
This indicator helps to determine swing point highs and swing point lows. You can choose how many bars need to be checked to determine the major and minor swing points. Want alerts? The SwingPoints indicator with alerts is now available in the marketplace. If you use MetaTrader 5 SwingPointsMT5 is now available. Swing Point Highs and Lows
Ron Black’s swing line indicator MetaTrader 5 version. This indicator does not have any parameters so I think that there is no need to explain how it should be used (except that I would like to add my personal opinion that it should not be used on lower time frames: using it on time frame
Extended Ron Black’s swing line indicator MetaTrader 5 version. This version is a version that has multi time frame capabilities and all the usual set of alerts included Swing line – extended version – indicator MetaTrader 5
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