• Overview
  • Reviews (1)
  • Comments (2)

KARAS Power Meter

KARAS Power Meter shows Trend direction and its power.

Key Features

  • No Repaint!
  • Available for all TimeFrames.
  • Suitable for Scalpers, Swing Traders, Day Trader, Short Term & Long Term Traders.
  • You may use this indicator for all instruments.
  • No Backpaints!
  • Easy to use for Expert Advisors
  • Compatibility to different trading strategies
  • Bullish 1: Weak Bullish. It means wait for Bullish trend. Early sign for up trend.
  • Bullish 2: Strong Bullish. Good up trend. If you have any buy signal, open buy position.
  • Bullish 3: Impulse or Reverse Bullish. Take caution. It has two means.
    • Imulse Bullish (Strong Bullish Breakout). Enter Buy position.
    • Reverse Bearish (A sign of Bearish Reversal). Exit Buy position.
  • Bearish 1: Weak Bearish. It means wait for Bearish trend. Early sign for down trend.
  • Bearish 2: Strong Bearish. Good down trend. If you have any sell signal, open sell position.
  • Bearish 3: Impulse or Reverse Bearish. Take caution. It has two means.
    • Impulse Bearish (Strong Bearish Breakout). Enter Sell Position.
    • Reverse Bullish (A sign of Bullish Reversal). Exit Sell Position.
  • Trend Filter
    • Bullish 1 & Bearish 1 : Avoid any signals
    • Bullish 2 : Only Buy
    • Bearish 2 : Only Sell
    • Bullish 4 & Bearish 4 : You need analyze direction

Input Parameters

  • Colors of bars
  • Show History Bar Count: Showing Bars Count on the chart
  • Show Info Labels: When it is false, information labels are not shown on the indicator
Tim Eubanks
Tim Eubanks 2018.03.16 03:58 

Slow reaction in the higher timeframe.