Market / MetaTrader 4 / Indicators /

Right Direction Indicator

33 USD

Demo downloaded: 47

Published: 3 May 2017

Current version: 1.1

Right Direction Indicator

Indicators
Roman Vashchilin
Roman Vashchilin
Products Developer at MQL5

Kazakhstan

4284
4 (4)
- https://www.mql5.com/en/users/orelgrizli/seller
Greetings!
I am a trader, in the trading sphere for more than 7 years.
Trading signals: https://www.mql5.com/en/signals/579871

7 products 1 article 18 topics 192 comments
Version: 1.1
Updated: 6 April 2020
Activations: 10

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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Right Direction Indicator

Roman Vashchilin

What is a Moving Average (MA)

How to Trade

Indicator Features

Parameters

Tips