• Overview
  • Reviews (5)
  • Comments (1)
  • What's new

Best Wave MT4

The indicator of trend (flat) with a price channel.


Trading

  • Buy - the price have crossed the central line upwards (the candlestick has closed above the line) and the channel is oriented horizontally (yellow line) or directed upwards(green line). Move to breakeven when reaching the opposite border of the channel. Close positions when conditions for selling are formed.
  • Sell - the price have crossed the central line downwards (the candlestick has closed below the line) and the channel is oriented horizontally (yellow line) or directed downwards (red line). Move to breakeven when reaching the opposite border of the channel. Close positions when conditions for buying are formed.


Input Parameters

  • Period - period of calculation, 24 on default;
  • Display channel - display channel, true on default.

To get full information about the market state, use the indicator Angle Regression Line MT4.

Maksym Mudrakov
9682
2016.08.31 08:10 
 

User didn't leave any comment to the rating

xSAMMAELx
232
2014.09.14 21:14 
 

User didn't leave any comment to the rating

Trung Wang
74
2014.08.23 19:49 
 

User didn't leave any comment to the rating

Larsi
24
2014.07.11 13:43 
 

User didn't leave any comment to the rating

Vadim Strelkov
7871
2014.05.05 13:50 
 

User didn't leave any comment to the rating

Version 1.10 - 2014.04.22
Added input parameters:
- Angle treshold - threshold value for displaying a flat (yellow line), 6.0 on default;
- Period volatility band - period for the volatility channel calculation.