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Intermarket Take Profit Indicator for EURUSD

5

This is the original, simpler version of our core EURUSD algorithm (it calculates and displays 2 lines rather than 3), but it is still capable of detecting levels in the market where EURUSD will likely move to. These levels are indicated by unusual large gaps, formed by the two lines.


Detailed guidance is given to users.  All in all it works on the very short term,  and more importantly on the daily chart.



The differences between this and our top EURUSD indicator, is that this one only displays 2 lines, instead of 3, doesn't have other types of signals and alerts, and only focused on caulating one bar worth of data at a time, yet it works wonders from time to time, several times a year.





Reviews 1
dcherry
1456
dcherry 2018.12.03 20:31 
 

Best indicator on the market!

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Introducing   Quantum Trend Sniper Indicator , the groundbreaking MQL5 Indicator that's transforming the way you identify and trade trend reversals! Developed by a team of experienced traders with trading experience of over 13 years,   Quantum Trend Sniper Indicator   is designed to propel your trading journey to new heights with its innovative way of identifying trend reversals with extremely high accuracy. ***Buy Quantum Trend Sniper Indicator and you could get Quantum Breakout Indicator fo
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For the new traders of this strategy please remember the convention: FORWARD trade =  BUY AUDUSD and SELL NZDUSD at equal lot size REVERSE trade = SELL AUDUSD and BUY NZDUSD at equal lot size Risk is mittigated by the opposing nature of the trades, one tends to offset the other almost 70% of the time,  and for when this is not the case we rely on the indicators accordingly - no stops are used in correlation hedge! This is an enhanced oscillator like analysis of the relationship betw
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This is an obscure Hedge Fund like strategy, based one of our early indicators on EURUSD originally intended for day trading, while developing and testing the indicator we found out that the data used in this indicator (set of 4 currency pairs) follows EURUSD in a very peculiar way.  On one hand these two are correlated, but the  4 currency proxy set tends to lag behind EURUSD, it lags on a day to day basis, and then catches up eventually after several days. And therefore can be used as a proxy
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This indicator is based on a leading version of the EURUSD proxy trade, such that the day's underlying direction can be inferred through the intraday volatility and market noise. Market price action is deceptive, misleading, no one has ever profitted consistently by just following latest price action. This also fools single market and momentum based indicators, since the main data used is market price. Intermarket analysis on the other hand can tell what the broader market action is, across
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Development of this indicator goes back several years, we have successfully used this latest algorithm since 2019, and it generally works well enough to be profitable. It was originally attempted to make it work on the daily chart, but as you will see in practice it doesn't work so well on the daily chart, while it works extremely well on the weekly chart, for the period setting between 0 and 2,  (0 is the latest running week candle,  1 is the latest candle plus the previous one, 2 weeks combine
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dcherry
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dcherry 2018.12.03 20:31 
 

Best indicator on the market!

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Version 3.0 2022.08.19
Compatible with all brokers
Version 2.0 2018.12.03
This version is for TradersWay ECN clients where market symbols have an 'i' suffix.