Posts Tagged ‘signal bars’
Signal Bar Indicator
This is a very useful tool for showing the strength of a move and possible reversals, the MACD settings are 8/17/9 which gives a reasonably fast response and the EMA setting is the cross of MA5 & MA9 while the STR consists of RSI/9 & CCI/13 & STOCH’s/5/3/3 and all 3 of those indicators need to be in agreement before the signal shows direction,
1/ All the colors & settings for the internal indicators are user adjustable
2/The Timeframes are user selectable
3/ The indicator has many different graphic display setups as per the supplied screenshots
4/ The indicator can be placed anywhere on your chart including any selected indicator window
5/ The Price changes color as the Price moves – The default setting for the Price Display is – Lime for UP & Red for DOWN & Orange for static
6/ I have supplied 2 versions – v7 covers 6 Timeframes & – v71 covers 7 Timeframes for those who like to monitor M1 to Daily.
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