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Refractor

Refractor looks for possible reversal levels of a tendency (not to be confused with trend). Tendency is a price direction on the current timeframe at the present time. The indicator is based on MA and ATR. When launched, the indicator examines the entire available history and evaluates a degree of a price deviation from a moving average, as well as its frequency. Dynamic levels are built after that.

The indicator is a good addition to an existing strategy.


Parameters

  • Rperiod - moving average period.
  • Rprice - price used to calculate the indicator.
  • Rmethod - additional smoothing method.
  • Rdev_1 and Rdev_2 - coefficients of deviations from MA. The greater the coefficients, the closer the levels to the MA (they are thicker than the others on a chart).
  • Count - amount of displayed bars.
  • Use_Notification - enable/disable notifications when the price touches the channel boundaries.
    1. FIRST - messages are displayed when the inner channel boundaries are touched.
    2. SECOND- messages are displayed when the outer channel boundaries are touched.
    3. ALL- messages are displayed when the inner and outer channel boundaries are touched.
    4. OFF - messages are not displayed.
  • Your_Message - message to be displayed when the price touches the channel boundaries. If left blank, the default messages will be displayed.
  • SoundAlert - enable/disable Alerts.
  • PushNotification - enable/disable Push notifications.
  • EmailAlert - enable/disable Email notifications.
Tim Eubanks
4879
Tim Eubanks 2018.03.14 12:39 
 

ok indicator

Berk Turker
398
Berk Turker 2017.08.26 23:00 
 

Very Good indicator

QueenGiGi
52
QueenGiGi 2017.05.02 02:56 
 

Excellent indicator!

Maksym Mudrakov
18363
Maksym Mudrakov 2016.08.31 13:41 
 

User didn't leave any comment to the rating

Version 1.20 2018.03.23
Made some changes to the calculation algorithm, which made it more smoothed.

Added the parameters:

Rprice - price used to calculate the indicator
Rmethod - additional smoothing method
Version 1.10 2017.05.24
Added:
Use_Notification - enable/disable notifications when the price touches the channel boundaries. FIRST - messages are displayed when the inner channel boundaries are touched. SECOND - messages are displayed when the outer channel boundaries are touched. ALL - messages are displayed when the inner and outer channel boundaries are touched. OFF - messages are not displayed.
Your_Message - message to be displayed when the price touches the channel boundaries. If left blank, the default messages will be displayed.
SoundAlert - enable/disable Alerts
PushNotification - enable/disable Push notifications
EmailAlert - enable/disable Email notifications