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SearchMT4 belongs to the group of signal indicators. It combines several standard indicators: EMA (13); ЕМА (2); RSI (5); MFI (4).

I.e. SearchMT4 is a mix of 2 oscillators and two trend following indicators. In spite of the fact that this is the signal indicator, occurrence of the signal is not a trumpet call.

Signal occurrence indicates that we should start searching (and this is the origin of the indicator) entry points in its direction. WE DO NOT ENTER THE MARKET until such point is found!

If a position in the opposite direction is opened when the signal occurs, we do not close this position until we find an entry point in the signal direction.

Maksym Mudrakov
2016.08.31 16:59 

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Version 1.20 - 2015.08.26
Fixed the algorithm error that reduced the amount of generated signals.
Version 1.10 - 2015.08.21
Fixed: now the signal does not disappear when the indicator is restarted