• Overview
  • Reviews (1)
  • Comments (4)

Fast Detection

The Fast Detection indicator for Forex. It looks like Stochastic at first sight, but this is not so. This indicator has a completely different operation principle. In addition, this indicator is designed for quickest possible identification of the market situation (trend or flat). A distinctive feature of this indicator is that it shows the market situation at the current second, which allows to evaluate the real picture of the market. The indicator formula is based on the algorithm that calculates the strengths of "Bulls" and "Bears" and displays them in real time.


Indicator Parameters

  • Period - 10 - smoothness of the indicator display. (Optimal value is 10)
  • CountBars - 300 - the number of bars in history used for the display of the indicator. (Optimal value is 300)


How to Use

The potential of the indicator operation lies in its simplicity.

  • At the default settings, when the red line is drawn above the blue line, this indicates that the "Bears" have the upper hand in trading and the price is likely to go down. If the blue line is above the red line, respectively, this indicates that the "Bulls" have gained an advantage and the market is likely to go up.
  • This indicator allows to see the dominant participants in the market: "Bears" (pressing the price down) or "Bulls" (pushing the price up). The perfect solution for trading with this indicator is combining it with the Fibonacci lines or similar indicators that show the support and resistance points, in order to better understand where a market reversal is going to happen.
  • The indicator displays 2 critical points above and below. The closer the red and blue line to the upper/lower point, the stronger the bulls/bears are on the market. This also means that the market will reverse soon and the price will go in the other direction.


Feature Highlights

  • Multi-timeframe display
  • Multi-currency Indicator
  • Displays the bull and bear power in real time
  • Backtest directly on the chart
  • Multi-timeframe trend analysis
  • Possibility of combination with any indicators
  • Displays the trend and the flat on the market
  • Easy to use
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This indicator shows the relative strength of 8 major currencies: USD, EUR, GBP, AUD, NZD, CAD, CHF and JPY. The strength value is normalized to the range 0-100: The value above 60 means strong. The value below 40 means weak.  This indicator needs the data of all 28 paris and 9 timeframes. Use the EA Downloadhistory28&9 to download data automatically. --> https://www.mql5.com/en/blogs/post/728216 Reference for calling it in EA :  https://www.mql5.com/en/blogs/post/730961 Inputs  (full scre
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The HHHC-LLLC indicator uses candle by candle analysis, based on the principle of trend confirmation from Higher High, Higher Close candles (bullish) and Lower Low, Lower Close candles (bearish). There is no lag, no re-painting, and averaging is not used. HHHC-LLLC helps confirm: market structure and levels - look left to see them line up trends, pullbacks & reversals Bull moves (blue), Bear moves (red) Structure Zig Zags (black dotted lines), for summarizing market moves exhaustion and stalling
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Roman Vashchilin
Trading patterns on Forex is considered to be the highest level of trading, since it usually requires years of mastering various patterns (shapes and candle combinations) and the ways they affect the price. Patterns are different combinations of Japanese candles on a chart, shapes of classical technical analysis, as well as any regularities of the market behavior repeating many times under the same conditions. After the patterns appear on a chart, the price starts behaving in a certain way allow
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jmhuang
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jmhuang 2020.11.27 06:31 
 

this is so similar to John Ehlers COG or centre of gravity indicator or regression - the same but renamed. This is not an original indicator

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