• Overview
  • Reviews (1)
  • Comments (9)
  • What's new

FxGlow Climax Counter

This unique indicator detects climactic price action and waits for a confirmed counter breakout

Climactic bars are marked ahead to prepare for a possible counter setup.


Expectations

To achieve more accurate trading, please use this tool in addition or support to the system you are using. This tool will perform better if combined to the right strategy.


Combination

Increase counter signal probability by combining to FxGlow Phase Index

You can check the strategy on this video link https://youtu.be/LuP42obr-HI

Use an alternate Exit Strategy by Combining to FxGlow Zone Barrier

You can check the strategy on this video link https://youtu.be/GW_r0VytxiY?t=1m26s


Key features

  • Detects confirmed counter signals from previous climactic action
  • DOES NOT Repaint
  • DOES NOT Recalculate
  • Signals on CLOSE of Bar
  • Works in ALL pairs
  • Works in ALL timeframes
  • Can be used for Expert Advisors
  • Implements Popup, Email, Push Notification and Sound Alerts


Settings

  • Climax Period - the number of bars used to filter climactic price action
  • Breakout Period - the number of bars used for breakout signal
  • Maximum History Bars - the maximum number of past bars used
  • Display Climax Bars - Show/Hide histogram of climax bars
  • Climax Bars Thickness - width of climax bars histogram
  • Bring Chart to Foreground - force charts to be drawn above objects
  • Activate Alert Box - Enable/Disable MT4 popup alert
  • Activate Email Alert - Enable/Disable alerts send via email
  • Activate Push Notification - Enable/Disable alerts send through your smart phone
  • Activate Sound Alerts - Enable/Disable audible alerts
  • Sound Alert File Name - file name of sound to be played


How to use

  • Climactic Bars = Shaded bars representing climactic or impulsive price action
    • Bullish climax bars = prepare to sell when there is confirmation
    • Bearish climax bars = prepare to buy when there is confirmation
  • Counter Signal = The confirmed breakout


Notes

This indicator is a manual trading tool that can be used in many ways.

To test its effectiveness to your current trading systems, please take time to Test the Free DEMO first.

jinhee
567
2015.09.08 20:12 
 

Genuine seller and the indicator. He is very smart!

Version 2.0 - 2016.06.21
Improved the compatibility
Changed some input names
Added the buffer index number on the "About" section for developer purposes
Version 1.1 - 2015.08.13
Improved MT4 build compatibility