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Right Direction Indicator

This indicator is built on a high-precision strategy, which is based on a set of different Moving Averages. Together they form a strategy that provides stable, and most importantly accurate signals.


What is a Moving Average (MA)

It is one of the most popular, proven and effective ways to work in the Forex market. Its task is to average price values by smoothing local movements, thereby helping the trader to focus on the major price movements.


How to Trade

  • By default, the indicator has 2 lines that go along the chart. If the Aqua line crosses the second Blue color downwards, it is a signal to open a short position;
  • If the Aqua line crosses the second Blue color upwards, it is a signal to open a long position;

That's all trading tactics. The concept is simple.


Indicator Features

  • Does not overload the price chart with a lot of unnecessary lines or signals;
  • Shows extremely accurate buy and sell signals;
  • It is easy to understand and use;
  • Works on all currency pairs;
  • Suitable for use on all timeframes;
  • Suitable for any of your trading strategy.


Parameters

  • Alerts (Default = true) - enable/disable a sound alert to notify about the intersection of the 2 lines;
  • MA1 (Default = 55) - the number of history bars for the "Blue" line;
  • MA2 (Default = 8) - the number of bars for the "Aqua" line.


Tips

  • It works perfectly in strategies combined with Fibonacci lines;
  • It is not recommended to change the "Default" settings. The indicator can show incorrect signals in case of significant changes;
  • Works good in breakout strategies;
  • Do not go too far from the default values, otherwise the indicator will not work properly.

Enjoy your trading!

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CutTheTrend FX is an automated trading Expert Advisor, which does not use indicators, because the analysis of history often leads to incorrect decisions in the future. The Expert Advisor analyses the current market situation based on Price Action and opens a position according to these calculations. It opens one position, but, if necessary, can apply grid algorithms to maintain positive operation. Also the EA is equipped with protective techniques, such as Trailing stop and Risk Blocking (see th
Waves Of Fibonacci
Roman Vashchilin
3 (2)
The principle of the indicator operation lies in the analysis of the currency pair history and determining the beginning and the end of the "power" driving the current trend. It also determines the Fibonacci levels in the main window. The indicator also shows how long ago the local Highs and Lows have been reached. How to Use Waves in the subwindow show the strength and the stage of the trend movement. That is, if the waves only start rising, then the trend is in the initial stage. If the wave
Smooth Patterns
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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Version 1.1 2020.04.06
1. Removed minor bugs.
2. The code for the new build has been optimized, the speed of the indicator has been increased.