Spearman Rank Correlation More Options CTAA

Spearman Rank Correlation indicator featuring enhanced entry and reverse signals

Any overbought or oversold zone can be adjusted using Cross Buy or Cross Sell levels (Option 1 = true; Cross Buy and Cross Sell are set by user, if Option 1 = false, it means that this option of generating signals is not applicable).

The signals can be generated by crossing over the 0 level, this is Option 2. Please note that there are no reverse levels attached to this option. This option is set up as supplementary just in case. It may be useful for some reasons.

Vertical lines (Red – Sell, Green – Buy) located in the indicator zone reflect exact point of crossing over the main curvy line (the Spearman correlation). These points are entry points on the chart.

All signals generated by the indicator do not redraw.

Every signal has its Stop level (or Reversal point). Reversal points in this indicator indicate the resistance and support levels.

All levels (Reversals) can be adjusted according to a trader’s requirements using the ReversPip parameter. In it one can specify the number of pips up or down from the designated level for setting pending orders.

The sensitivity of Reverse levels can be adjusted using the ExtrRange parameter. It can have a value from 1 and higher. The recommended range of values is 5 to 30.

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The indicator is based on Fibo levels. The Indicator's Objective Calculation of the first market movement (from levels 0 to 100). Displaying possible price movement from 100 and higher to Profit Level , as well as in the opposite direction to Correction level  and Revers level depending on the direction. The indicator is not redrawn! All indicator levels can be configured by users: CorrectLvl - correction level. When reached, level 100 is drawn (the market has performed its first movement). The
Forex Voyager for MT4
Alexander Vinogradov
Utilities
Who will be interested in this product: those who are used to diversify the portfolio with a large number of pairs. those who work with a large number of orders those who trade news using pending orders (see the "Grid request" tab). The panel is designed to make managing a large number of orders as easy as managing one. "Trading" window "Request" tab The currency pairs and order types for opening are formed here. The prices and stop levels are set. User can define the price values in points and
Forex Voyager
Alexander Vinogradov
4 (1)
Utilities
Who will be interested in this product: those who are used to diversify the portfolio with a large number of pairs. those who work with a large number of orders those who trade news using pending orders (see the "Grid request" tab). The panel is designed to make managing a large number of orders as easy as managing one. "Trading" window "Request" tab The currency pairs and order types for opening are formed here. The prices and stop levels are set. User can define the price values in points and
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Edgar Duttweiler
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Edgar Duttweiler 2018.08.13 21:25 
 

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