Price Following Indicator
- Indicators
- Vitalyi Belyh
- Version: 1.0
- Activations: 7
An arrow indicator showing price reversals and following the trend.
The indicator determines price reversals on the chart and is suitable for scalping on TF 1M-5M and day trading on TF 1H and 4H. Buy and sell arrows are displayed on the chart as entry signals. Diamonds are displayed behind the arrows as a continuation of the signal.
They are not repainted and are formed after the candle closes.
Red arrows are buy signals.
Orange arrows are sell signals.
The indicator also contains green premature signal arrows, they can be repainted. They are used to detect an early signal if trading is carried out according to the trend. After the premature arrows, if the signal is confirmed, a regular signal arrow will appear. If the signal is false, there will be no signal arrow.
Can be added to any trading strategy.
Signal arrows work without repainting and have several types of alerts.
Has a single parameter for changing the settings "Arrow generation mode".
Indicator usage options
The indicator determines price reversals on the chart and is suitable for scalping on TF 1M-5M and day trading on TF 1H and 4H. Buy and sell arrows are displayed on the chart as entry signals. Diamonds are displayed behind the arrows as a continuation of the signal.
They are not repainted and are formed after the candle closes.
Red arrows are buy signals.
Orange arrows are sell signals.
The indicator also contains green premature signal arrows, they can be repainted. They are used to detect an early signal if trading is carried out according to the trend. After the premature arrows, if the signal is confirmed, a regular signal arrow will appear. If the signal is false, there will be no signal arrow.
Can be added to any trading strategy.
Signal arrows work without repainting and have several types of alerts.
Has a single parameter for changing the settings "Arrow generation mode".
Indicator usage options
- To determine the trend, use TF 1H or 4H, arrow generation mode 20-35. To determine the signals, TF M15-M30, mode 1-10. You can use green arrows.
- To determine the trend, use TF M15 or M30, arrow generation mode 25-55. To determine the signals, TF M1-M5, mode 1-15. You can use green arrows.
- You can use other parameters after testing them first.