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Dream Indicator 4

The indicator is based on the digital window-sinc filter with an excellent frequency division. Due to this property you can get a very smooth indicator line.

The indicator has three lines: the central line indicates the main trend direction and the "fair" price, the other two lines show the price range. When the central line is read, it is recommended to buy from the bottom line and close a position above the central line. When the line is blue, do the opposite - sell from the upper line and close a position below the central line.

The indicator settings:

  • Window - number of bars for displaying
  • Period - indicator period
  • Standard deviation - regulates the distance between the central and border lines
jinhee Lee
324
2016.12.02 18:53 
 

I'm still testing but I think this indicator would be really great for my strategy. Worth the try. I'll update my review a few weeks later. Thanks for the great work.

Update 2. 12. 2016

Yes it repaints. But it shows price action very well. Still very good.

Sehn
62
2016.11.22 04:33 
 

Still yet to find a scenario that matches the authors recommendations for buy & sell. Mainly due to it re-painting so much. Can't say I would recommend. Would prefer to have my money back.

Version 2.10 - 2014.08.27
Alerts.