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Stowell

FREE

Published: 21 November 2017

Current version: 1.2

Stowell

Name: Stowell
Rating: 4 (1 reviews)
Author: Dmitry Fedoseev

Indicators
Dmitry Fedoseev
Version: 1.2
Updated: 5 September 2022

Indicator of Stowell's Three-Bar Net Line. In this indicator, the number of bars used for determining the lines can be defined in the settings. With the default settings, the indicator draws arrows in the areas of the line breakout. The lines are not displayed on the chart by default. but can be enabled.

Parameters

Alerts - enable alerts when arrows appear. Arrows appear on a forming bar and can disappear during bar formation. Therefore, it is recommended to wait for the bar with the arrow to close to make sure the breakout had actually taken place. Accordingly, the alert may be generated based on the current bar (Alerts_Bar0) and the first complete bar (Alerts_Bar1).
N - the number of bars to determine the levels.
ShowLevels - display the levels.

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1455

Marcel Bühler 2021.05.13 21:43 #

Good entry signals. Best in lower or equal timeframe m15 - gives less faulty signals.

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