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Published:

2022.04.18 17:30

CHO Smoothed Arrow 2.mq5 (22.92 KB) view

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The idea of the indicator

Display 'Arrow' in the main window if two lines intersect: 'CHO' and 'Smoothed CHO'. Version 2 has more stringent signal checking: the 'BUY' signal can only form below the zero line, and the 'SELL' signal can only form above the zero line.

CHO Smoothed Arrow 2

Rice. 1. CHO Smoothed Arrow 2

Please note that this is an oscillator and two strategies can be applied:

* apply additional filter from trend indicator

* gain position on each signal

ADXm (experiment)

PriceChannel_Signal_v2 EA

The EA works on the signals of the custom indicator 'PriceChannel_Signal_v2' ( https://www.mql5.com/en/forum/173249/page132#comment_15924070 )

Engulfing Pattern Plus One

DeMarker gaining position volume

One of the strategies for the 'DeMarker' indicator is a permanent set of positions

CHO Smoothed Arrow 2 - indicator for MetaTrader 5

The idea of the indicator