Royal Energy Multi Trend
This analysis based indicator has been made on the basis of research and Development during several years. This especial gadget has been created on the basis of research on trends and strategies. Furthermore, in order to become more and more secure as well as practical, it has undergone numerous revisions and changes.
The function of this analytical indicator is made up of 3 approaches:
The first system diagnoses the waves (impulse or correction) according to the moving averages. 3 moving averages 60,30,15 (setting : Exponential,Typical) are used. The slope and distance between moving averages are calculated according to especial formulas which illustrate the power of waves as well as their probability to continue their current motion. An additional gadget under the name of ‘fuel’ is also devised which is considered as a caution during the periods in which the price moves more or less vertically. This caution warns the trader about probable instability of the market in this kind of motions which can be a filter for opening new trades or closing the open ones.
The second system diagnoses the power of waves using exclusive formulas. This system operates in accordance with MACD standard indicator and demonstrates the power of waves in each direction.
Finally, the third system is CCI indicator which has been customized according to each time frame.
Overall, with the combination of the mentioned three systems you’d be able to have a comprehensive view of each time frame in every column in which every system plays the role of a complement for the others.
- TXT_Start - adjust first distance txt column - from 130 to 180.
- TXT_Distance - adjust distance between txt column - from 50 to 100.
- Commodity channel index ( CCI ) Period - adjust CCI periods - from 10 to 200. If each period is set to 0, this time frame display turns it off.
Wishing you luck and Success