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Curver Arrows

This indicator is a straight port of a well known MetaTrader 4 indicator that is freely available on the Internet. It does not redraw at all. It implements a type of breakout strategy. The arrows indicate market direction. Use the indicator on M15 charts and higher. The indicator draws two bands near price action and generates signals when the price closes below the lower band and also above the upper band. The indicator uses periodic highs and lows to calculate upper and lower threshold bands. No moving average is used.


Indicator parameters:

  • SSP = sets the number of bars back from which the highest high and the lowest low will be selected for calculating the upper and lower bands.
  • SkyCh = this parameter takes integer values higer than 0 . It regulates the amplitude of the bands and has an inverse relationship to the magnitude of amplitude. The lower the value, the higher the amplitude (the more far apart the upper and lower bands will be) and generates less signals.
  • SetSignalAlert = takes true or false value and sets the visual alert on or off.
  • SendEmailNotificationOnSignal = takes true or false value and sets email alerts on or off.
  • PlaysoundOnAlert = takes true or false value and sets sound alerts on or off.
Nork
318
2016.03.31 10:18 
 

Good

Rodrigo da Silva Boa
2514
2016.01.04 07:33 
 

User didn't leave any comment to the rating

Vadim Strelkov
2461
2014.07.02 13:27 
 

User didn't leave any comment to the rating

Version 1.5 - 2015.06.10
Bug fix.
Version 1.4 - 2015.03.31
Optimized the code, the algorithm now consumes less computer resources and therefore is calculated faster.
Version 1.3 - 2014.11.11
Fixed issue related to there not being enough bars for the indicator calculation.
Version 1.2 - 2014.08.12
Added visual alert with sound option, and also email notification for each buy and sell signal produced by indicator.
Version 1.1 - 2014.07.23
Fixed issue that caused signals to appear before the indicator began drawing.