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Indicators

CHO Smoothed Arrow 2 - indicator for MetaTrader 5

Vladimir Karputov
Views:
4037
Rating:
(32)
Published:
2022.04.18 17:30
Download as ZIP, How to download code from MetaEditor
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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

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