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MT Roller Coaster

Demo downloaded: 49

Published: 6 September 2023

Current version: 6.0

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MT Roller Coaster

Indicators
Issara Seeboonrueang
Version: 6.0
Updated: 16 December 2024
Activations: 9

Graph's roller-coaster

MT Roller Coaster :

Inspired by the graph's roller-coaster-like movement, this tool uses color bands to signal trends effectively.

The band colors simplify order decisions:

Downtrend: Bands 2 and 3 turn red, signaling sell opportunities.

Uptrend: Bands 2 and 3 appear sky blue, suggesting buy orders.

Sideways: Alternating band colors allow both buy and sell trades, suitable for scalping strategies.

Major trend entries are identified at the outer bands, with correct Stop Loss placement critical to avoiding false trend reversals.

Suitable for all experience levels, emphasizing sound money management.

Indicator for traders who prefer manual trading.

Required PC high performance

TRADE & TIME FRAME: Forex H1

SYMBOL PAIR: All Symbol

SETTINGS:

CALCULATE BARS: Value or bars used must be large enough to calculate the formula.

FOCUS HISTORY BARS: Focus points make it easier to see trends.

SIGNAL LEVEL: There are 5 levels to choose : Very Fast (Very Aggressive), Fast (Aggressive), Normal (Medium), Slow (Safe) and Very Slow (Very Safe)
signals uses our secret formula to perform complex calculations to get good results.

BANDS: Set all 3 bands: Period, Multipier and Recalculate.

ANALYSIS PROFIT: Accept value that is greater than ...point, If the value is less, it is considered a lose. (calculate by calculate_bars)
Allows you to calculate the probability of making a profit next time.

ALERT SIGNALS AND ALERT: Popup, Mobile, Sound (Arrow and Alert after close candle)
Alert_Type: Buy & Sell, Buy only and Sell only.

DETAIL ARROW: Refine the arrow details in the display. Change Arrow: Icon, Gap, Size and Color
(***** Signals : No repaint, No redraw*****)

For the backtest has to run through a lot of bars >3,000 bars for bands 3 to set form.

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Business Hours: Monday to Friday, 10:00 a.m. to 3:00 p.m.

Feel free to reach out for any additional details or assistance!

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Version 6.0 2024.12.16

Show buffer in Data Windows (No signal = 0.00)

Version 5.10 2024.12.09

Check the status = Backtest, automatically set Calculate_Bars = 0 to Backtest all bars.

Version 5.0 2024.12.06

Improved code to speed up indicator

Version 4.10 2024.11.29

Various improvements.

Version 4.0 2024.11.28

Solve the problem of slow performance.
Detail: Remove signals bands3, Because makes the indicator slow and repaint makes the decision poor.
Using bands 2 and 3 together gives a better look trend than using signals bands3 that repaint.

Version 3.21 2024.05.21

Improved function: Alert Type (a little)

Version 3.20 2023.09.08

Adjust the parameter to be appropriate. Remove those that don't really affect display much.

Version 3.10 2023.09.08

Add Parameter: Bands_Mode, Bands_Price

Version 3.0 2023.09.08

Various improvements.

Version 2.0 2023.09.07

Create function: Analysis Profit
Create function: Alert_OB&OS_ON (Overbought and Oversold)