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2013.08.17 20:33
Indicators

Three Screen Elder Arrows - indicator for MetaTrader 5

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Views:
5475
Rating:
votes: 36

Real author:

Alexander Elder

The indicator is based on the trading system "Elder's Triple Screen": we have 3 timeframes (windows) 1 - the highest, 2 - medium, 3 - the lowest or the current one. To avoid errors, it is not recommended to change their positions. The algorithm is based on a very simple principle: if MA grows on the specified timeframes (windows) - buy, if falls - sell.

Figure 1. The indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/1797

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