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Indicators

TMS_Arrows - indicator for MetaTrader 5

Scriptor | English Русский 中文 Español Deutsch 日本語 Português
Views:
11037
Rating:
(19)
Published:
2018.12.28 13:00
Updated:
2019.01.17 11:29
TMS_Arrows.mq5 (24.22 KB) view
Download as ZIP, How to download code from MetaEditor
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TMS Arrows signal indicator. It is based on three indicators: Heiken Ashi, Stochastic and Traders Dynamic Index.

The indicator has eight configurable parameters:

  • TDI RSI period
  • TDI RSI applied price
  • TDI Volatility band period
  • TDI RSI smoothing period
  • TDI RSI smoothing method
  • TDI Signal smoothing period
  • TDI Signal smoothing method
  • Signal point anchor:
    • High/Low - on High and Low prices
    • Open - on Open price

The green bullish label is set if:

  1. The green TDI line crosses the red signal TDI line upwards
  2. Stochastic moves upwards
  3. 1 st or 2 nd Heiken Ashi candle is bullish

The red bearish signal label is placed if:

  1. The green TDI line crosses the red signal TDI line downwards
  2. Stochastic moves downwards
  3. 1 st or 2 nd Heiken Ashi candle is bearish

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/22779

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