Tabajara Ogro
- Indicators
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JETINVEST
Jet Invest develops indicators and trading tools for MetaTrader 4 and 5: order flow, volume, market structure and market overview panels for B3 (WIN, WDO and Brazilian stocks), US indices and forex. - Version: 1.0
Free Tabajara setup for B3. Trading WIN? See our Trend WIN B3 robot.
The Tabajara setup was created by a Brazilian trader known as "The OGRO of Wall Street". It shows the current trend and the type of trade to look for on the chart.
How it works
The indicator compares the closing price with the 20-period simple moving average and paints the candles in 4 colors:
- Green: price rising in an uptrend (look for buy entries)
- Black: price correcting in an uptrend (look for buy entries)
- Red: price falling in a downtrend (look for sell entries)
- White: price correcting in a downtrend (look for sell entries)
Additional moving averages
- 8-period exponential average: short-term movement
- 50-period simple average: medium-term movement
- 80-period exponential average: medium-term movement
- 200-period simple average: long-term movement
If you have questions, please send me a direct message: https://www.mql5.com/en/users/robsjunqueira/

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