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Railroad Track

30 USD

Demo downloaded: 9

Published: 15 June 2023

Current version: 1.0

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Railroad Track

Indicators
Mihai Onofrei
Mihai Onofrei
Ireland

1111
With an experience of over 10 years in Market Trading I do believe that every trader should have its own arsenal of tools combined to create a personal strategy and experience. I am always in the lookout for new ideas to bring to the market and develop them into indicators and utilities.
Version: 1.0
Activations: 5

This is one of my preferred indicators where it plots on the chart Railroad Track candles, i.e. candles that have similar size. It is a very good indicator for trend direction.

In the settings there is an option for Max candle size and Min candle size and also for the percentage for the tolerance between the Min and Max candle size.

The candles values are calculated for High and Low.

Have fun and enjoy trading!

P.S. Please send me a message or leave a comment with any suggestions or improvements you would like in the upcoming updates.

more...

Screenshot #1 Railroad Track

Screenshot #2 Railroad Track

Screenshot #3 Railroad Track

Screenshot #4 Railroad Track

Screenshot #5 Railroad Track

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There are two stages in the market that we call them "Narrow stage" and "Wide stage". We can expect a big move (wide stage) when the price moves sideways within a low-price range followed with a low volatility. Knowing the exact trigger point is the key to success. The symbols that it trades best are in the inputs and it should be run on GBPNZD H1. As everyone is well aware, market data can vary from broker to broker - ticks, spread and swap so make sure you select a RAW trading account for t

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There are two stages in the market that we call them "Narrow stage" and "Wide stage". We can expect a big move (wide stage) when the price moves sideways within a low-price range followed with a low volatility. Knowing the exact trigger point is the key to success. The symbols that it trades best are in the inputs and it should be run on GBPNZD H1. For a trading reference please follow the signal for this EA: Copy trades of the MT5 iMasterTrader trading signal for MetaTrader 5 - Mihai Onofre

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