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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.

Reviews 6
Viktor Barilko
10733
Viktor Barilko 2017.04.13 12:38 
 

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Vadim Strelkov 2014.05.05 13:50 
 

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Larsi
24
Larsi 2014.07.11 13:43 
 

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[Deleted] 2014.08.23 19:49 
 

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xSAMMAELx
213
xSAMMAELx 2014.09.14 21:14 
 

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Maksym Mudrakov
24325
Maksym Mudrakov 2016.08.31 08:10 
 

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Viktor Barilko
10733
Viktor Barilko 2017.04.13 12:38 
 

Хороший индикатор.

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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.