KD Pro Signal Arrow
This indicator combines 4 powerful strategies including, Support & Resistance, Overbought & Oversold Zones, Trend Analysis and Price Action. The KD Pro Signal Arrow will monitor the current pair being traded, and only when all 4 of the strategies align, and are in 100% agreement with each other, the indicator will then generate a buy or sell arrow. All you need to do is buy or sell when you get a new alert, no additional confirmation is needed.
The KD Pro Signal Arrow can be used on any currency, indices, commodities, and it is also optimized for Binary Options trading.
The indicator is NON Repainting!
Recommended timeframes for trading are on H1, H4 or D1. Scalping on lower timeframes (M1, M5, M15, etc.) implies higher risk as lower timeframes are more volatile and less accurate, and major trends tend to respect higher timeframes more. Trading on lower timeframes or scalping is not recommended.
There are multiple parameters in the input settings to customize the indicator to your preference. However the standard default settings have been optimized for best performance.
Parameters & Description
- enable support and resistance - Select to enable the optional S&R.
- Bars History - Select how many bars to look back.
- Ext Depth - Select the depth of the Arrow.
- Ext Deviation - Select the deviation of the Arrow.
- Ext Backstep - Select the back step for the Arrow.
- SR 1Hours - Select to use 1 hour S&R lines.
- SR 4Hours - Select to use 4 hour S&R lines.
- SR Daily - Select to use daily S&R lines.
- SR Weekly - Select to use weekly S&R lines.
- Stochastic Len - Select the length of the stochastic.
- Stochastic Filter - Select the filter.
- Stochastic Overbought Level - Select the overbought level.
- Stochastic Oversold Level - Select the oversold level.
- MA Trend Line Period - Select the period of the trend line.
- MA Trend Line Ma Method - Select the method of the trend line.
- MA Trend Line Applied Price - Select the applied price of the trend line.
- MA Period - Select the period of the moving average.
- MA Shift - Select the shift of the moving average.
- MA Method - Select the method of the moving average.
- MA Applied Price - Select the applied price of the moving average.
- Use Alert - Select to have alerts on or off.
- Use Push - Select to enable push alerts.
- Use Mail - Select to enable email alerts.
- Arrow shift at points - Select the distance of the arrow from candle.
Trade Rules for BUY entry
- A green buy arrow with an alert will appear.
- Open a buy order as soon as you get a new buy alert.
- Close the order on the next new sell alert or when you are happy with the profit.
Trade Rules for SELL Entry
- A red sell arrow with an alert will appear.
- Open a sell order as soon as you get a new sell alert.
- Close the order on the next new buy alert or when you are happy with the profit.
If you have any further questions please feel free to ask, and we'll be happy to assist you. We wish you best of success with the new KD Pro Signal Arrow!