Archive for the ‘Forex Indicators’ Category
Channel ZigZag V2
The ZigZag is drawn by the channeling principle.
The channels can also be drawn if necessary (they are drawn by default).
It also displays some statistics – the ratio between the length of the section and that of the previous one, the length of the section (by length we mean the height in points from the lowest to the highest point).
Created by: Tinytjan aka TheXpert
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Multi Moving Average
Multi Moving Average – is an indicator which shows the information about 4 Moving Averages in a separate window.
You can change the input parameters in the Indicator Properties window for any of the moving averages:
- Averaging Period (period).
- Averaging Method (ma_method).
- The price type used for calculation (applied_price).
and many options for text labels:
It has been created to "unload" the price chart (especially of the Moving Averages), but save the useful information.
1. It shows the current state of the moving averages – rise or fall (using the different colors for boxes/arrow)
2. It show the currrent state of the moving averages relative to the price (or Moving Average with period 1) – is it above or below (using the different colors for text labels)
So, configuring the Moving Averages periods, it is possible to understand the market trend without using the moving averages on the price chart!
Image:
Created by: Alex5757000
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Stochastic 3 V2. Advanced stochastic usage.
This indicator will calculate stochastic values from 3 different timeframes, then averages them. You can see it as bold orange line on screenshot above.
The strategy was to buy when several stochastics are below 20, and sell when they are above 80.
Happy trading!
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