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Retracement Feeder

5


The Retracement Feeder checks for retracement opportunities after the first move has occurred. 

Basically it scans for the second wave of trend.

  • Works with any financial instrument, 
  • It does not repaint/change color or cancel arrows,
  • Easy to set and use.
  • Works great with Renko Charts

MT5 version: https://www.mql5.com/en/market/product/71340


How it works

  • The indicator is based on RSI and Stochastics. 
  • The algorithm used in the Retracement Feeder allows the Stochastic and RSI to minimize the turns and twists thereby reducing false oversold and overbought signals.
  • It scans for a buy retracement when the asset is oversold and for sells when overbought.
  • Place a buy entry if a candle opens above the upper trendline irrespective of the arrow that forms. If a sell arrow forms but the following candles open above the trendline open buy since the reverse signal has been initiated. Same rule applies to sells.

Settings

The indicator is straightforward to set up

  • Stochastic %K Period  [This is the Stochastic period. The tests have been conducted with a value of 100]
  • Stochastic %D Period   [This is the %D period. The tests have been conducted with a value of 1 ]
  • Stochastic Slowing   [This is the Stochastic slowing. The tests have been conducted with a value of 1 ]
  • RSI Period[The value can be adjusted if needed]
  • RSI Price  [You can tinker this, but close has been used to test efficiency]
  • Enable Alerts  [email, screen, and metatrader notifications alerts]
  • History Bars to Display  [This is the number of arrows you want to display on your mt4]

The default values work fine. Send me a PM for specialized settings for any of your instruments







Reviews 1
zakey_ahmad
73
zakey_ahmad 2021.06.26 19:29 
 

good indicator

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Ranging Market Detector scans the market for momentum and price to check whether the price is range- bound and the direction to which it will breakout.  It works with all the  all assets and visually shows you the instances when the market is either ranging or trending. Informs when the price has finished a retracement, an opportune time to re-enter the trend early. This will help you in position management.  It works very well for Scalping, Day trading, and Swing trading. Helpful in all timefra
True Oversold Overbought MT5
Innovicient Limited
5 (1)
The True Oversold Overbought indicator provides you with ability to swiftly check whether the asset is oversold or overbought.  Other than complementing your trading with True Oversold Overbought, you can use the indicator as your only trading system. It works with all forex instruments and will save you the headache of estimating when the market is due for a reversal or retracement.  When the "Super Charge" feature is enabled, the areas where the price is in oversold/overbought status are ampli
Chart Analyzer
Innovicient Limited
The Chart Analyzer is an MT4 indicator that provides visual arrow signals without redrawing them. In addition, we have included trendlines to validate your entries. This indicator has been fine-tuned to work with all timeframes and instruments.  The Chart Analyzer has a number of advantages Does not fade or remove arrows when drawn Sends both email and phone alerts. It is light on computer resources Easy to install. Default setting works just fine.  If price opens above the trendline, open
Trendy Stock is a price following indicator that uses Stochastic to show when the price is out of the oversold or overbought areas.  The algorithm allows you to stay longer in a trend where the bulls or bears are in control. The indicator changes color immediately the price exits oversold/overbought state. In short, the downtrend [red] bars start to paint when the buying pressure decreases while the uptrend [green] bars form as the buy pressure kicks in.  For MT5 version, follow ::     https://w
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Do you ever wish to know when there is volatility in the market at a glance and specifically displayed on your chart? This is what  Volatility PRO Advantage offers. How Volatility PRO Advantage works Firstly, Volatility PRO Advantage does not use lagging averaging techniques; therefore, the signals are produced at the right time, giving you enough time to plan your entry, exit, or stop loss trailing.   Another important part is that it checks for the strength of a pair and uses it to detect e
The True Oversold Overbought indicator provides you with ability to swiftly check whether the asset is oversold or overbought.  Other than complementing your trading with True Oversold Overbought, you can use the indicator as your only trading system. It works with all forex instruments and will save you the headache of estimating when the market is due for a reversal or retracement.  When the "Super Charge" feature is enabled, the areas where the price is in oversold/overbought status are ampl
Introduction The Convergence Divergence Suite contains 17 indicators , built-in MT4 technical indicators and custom ones . The list will be increased in subsequent versions as per users' requests.  Any selected indicator is loaded on your chart then automatic Convergence and Divergence trend lines are drawn on the chart and indicator. This tool is important if you use any of the listed indicators or convergence/divergence in your strategy. Advantages With the Convergence Divergence Suite you
Hot Zones
Innovicient Limited
5 (1)
This indicator simplifies your entry zones by displaying the areas where you can plan your entry that potentially could give you high risk/reward ratios. Other than picking the most optimal entry points, the Hot Zone indicator can act as your typical support/resistance indicator for pullbacks for all timeframes. You can use this indicator as the only trading indicator or use it with another indicator for reentry purposes.  Besides, when using Hot Zones, the risk/reward ratio should be well abov
Trend Guard
Innovicient Limited
Bollinger Band is one if the most useful indicators if used properly. Trend Guard used the parameters based on Bollinger to create a tool that can help traders enter trades at most optimal level. The indicator is useful to all traders since it checks for retracements and changing trend direction. With this indicator, you get the opportunity to open trades early and also lock your profits based on the dotted trend lines that form after a certain level of Bollinger band. We have simplified the ind
Price Elevator MT4
Innovicient Limited
The Price Elevator indicator is developed to help you figure out the general long-term trend of the market. If the price is above the Green separator line, this is a clear indication the bulls are in control. Similarly, the bears are in control if the price continues to trend below the red separator line.   Download Price Elevator MT5   Trend Re-entry In this case you would plan your buy entries above the green dotted box (make sure to set the Buy / Sell Retracement Floor=30). The SL should be
Outside The Box MT4
Innovicient Limited
5 (2)
The   Outside The Box (OTB)   is a complete trading system that provides the user with immense trading ability by highlighting on the chart areas where the trader should prepare to Re-enter the trend after pullbacks (Pullback trading strategy) Take partial/complete profit(Profit taking strategy), and Trade breakouts (Stock breakout strategy) - We have updated the indicator to show/hide Micro breakout areas around the major breakouts (Micro Breakouts).  The above is supported by an alert system
Trend Support Resistance is a fairly simple indicator that provides traders with confirmed immediate support and resistance in whatever timeframe you monitor. It's good for short-term and long-term order blocks. With the default settings, the indicator identifies critical support and resistance areas. Bearish Order Blocks are around the OrangeRed areas while Bullish Order Blocks almost always form near the LawnGreen areas. We have also added a Multi-timeframe feature that can be helpful to allow
Plata Fest
Innovicient Limited
Pure price action is the best and only way to trade. We do not use any indicators since they only show the past. MT5 Version Here  | Follow Live Signal |  Check Other Products   We only trade the most reliable support and resistance zones which are proven to be valid on multi-timeframe pictures and then find a good candle stick pattern to enter the trade. There is absolutely no BS here! Trade like a pro! This EA does not use grid or martingale and therefore not dangerous to your account. Be
Hybrid Trader
Innovicient Limited
Hybrid Trader is a an intelligent automated expert advisor with advanced flexible mechanism. The EA uses an algorithm to measure market volatility, trend, and correlation of pairs for consistency  during market entry and exit. The mechanism of this system is based on the principle of mean reversion and momentum of market price. The best trading pairs are AUDNZD,NZDCHF, EURCHF, AUDCAD, NZDJPY, CHFJPY, GBPNZD.  Contact me through dm if you experience any difficulty during installation. Please not
Essential Trader
Innovicient Limited
The Essential Trader indicator pinpoints the important entry areas for any trading instrument you through at it. This indicator is more comfortable with whipsaw/ranging market conditions. It is not a complicated trading indicator and can be used on any timeframe with high level of confidence. Besides, it has notifications and alerts. The dotted essential points show spots where you can make immediate entries and benefit from breakout on either side of the region. On the other hand, the color fil
The Retracement Feeder  checks for retracement opportunities after the first move has occurred.  Basically it scans for the second wave of trend. Works with any financial instrument,  It does not repaint/change color or cancel arrows, Easy to set and use. Works great with Renko Charts MT4 version:  https://www.mql5.com/en/market/product/67443 How it works The indicator is based on RSI and Stochastics.  The algorithm used in the Retracement Feeder allows the Stochastic and RSI to minimize the t
Outside The Box
Innovicient Limited
The Outside The Box (OTB) is a complete trading system that provides the user with immense trading ability by highlighting on the chart areas where the trader should prepare to Re-enter the trend after pullbacks (Pullback trading strategy) Take partial/complete profit(Profit taking strategy), and Trade breakouts (Stock breakout strategy) - We have updated the indicator to show/hide Micro breakout areas around the major breakouts (Micro Breakouts).  The above is supported by an alert system to no
Hot Zones MT5
Innovicient Limited
This indicator simplifies your entry zones by displaying the areas where you can plan your entry that potentially could give you high risk/reward ratios. Other than picking the most optimal entry points, the Hot Zone indicator can act as your typical support/resistance indicator for pullbacks for all timeframes. You can use this indicator as the only trading indicator or use it with another indicator for reentry purposes.  Besides, when using Hot Zones, the risk/reward ratio should be well abov
Trend Guard MT5
Innovicient Limited
Bollinger Band is one if the most useful indicators if used properly. Trend Guard used the parameters based on Bollinger to create a tool that can help traders enter trades at most optimal level. The indicator is useful to all traders since it checks for retracements and changing trend direction. With this indicator, you get the opportunity to open trades early and also lock your profits based on the dotted trend lines that form after a certain level of Bollinger band. We have simplified the ind
Price Elevator
Innovicient Limited
The Price Elevator indicator is developed to help you figure out the general long-term trend of the market. If the price is above the Green separator line, this is a clear indication the bulls are in control. Similarly, the bears are in control if the price continues to trend below the red separator line.   Download Price Elevator MT4   Trend Re-entry In this case you would plan your buy entries above the green dotted box (make sure to set the Buy / Sell Retracement Floor=30). The SL should be
Trend Support Resistance is a fairly simple indicator that provides traders with confirmed immediate support and resistance in whatever timeframe you monitor. It's good for short-term and long-term order blocks. With the default settings, the indicator identifies critical support and resistance areas. Bearish Order Blocks are around the OrangeRed areas while Bullish Order Blocks almost always form near the LawnGreen areas. We have also added a Multi-timeframe feature that can be helpful to allow
Plata Fest MT5
Innovicient Limited
4.5 (2)
Pure price action is the best and only way to trade. We do not use any indicators since they only show the past. MT4 Version Here |  Follow Live Signal  | Check Other Products   We only trade the most reliable support and resistance zones which are proven to be valid on multi-timeframe pictures and then find a good candle stick pattern to enter the trade. There is absolutely no BS here! Trade like a pro! This EA does not use grid or martingale and therefore not dangerous to your account. Besi
Hybrid Trader MT5
Innovicient Limited
Hybrid Trader is a an intelligent automated expert advisor with advanced flexible mechanism. The EA uses an algorithm to measure market volatility, trend, and correlation of pairs for consistency during market entry and exit. The mechanism of this system is based on the principle of mean reversion and momentum of market price. The best trading pairs are AUDNZD,NZDCHF, EURCHF, AUDCAD, NZDJPY, CHFJPY, GBPNZD . Place the EA on   any of the pairs . One of the best feature in the EA is that it uses
The Essential Trader indicator pinpoints the important entry areas for any trading instrument you through at it. This indicator is more comfortable with whipsaw/ranging market conditions. It is not a complicated trading indicator and can be used on any timeframe with high level of confidence. Besides, it has notifications and alerts. The dotted essential points show spots where you can make immediate entries and benefit from breakout on either side of the region. On the other hand, the color fil
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zakey_ahmad
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zakey_ahmad 2021.06.26 19:29 
 

good indicator

Innovicient Limited
8929
Reply from developer ALFRED MURIITHI 2021.06.26 20:14
Thank for your review. We are humbled to have contributed to your trading 🙏💖
Reply to review
Version 1.9 2022.07.29
Improved indicator to work better
Added better filters
Can work better with Renko Charts
Version 1.8 2022.07.04
Interface improvement.
Version 1.7 2022.02.22
Interface bug removal
Version 1.6 2022.02.21
Adjusting default screen alert.
Version 1.5 2022.02.11
Added Signal validation mechanism
Version 1.4 2021.09.25
User interface improvements
Version 1.3 2021.09.25
User interface improvements
Version 1.2 2021.09.14
Interface improvement.
Version 1.1 2021.06.09
1. Fixing bug in the alert system.
2. Allow Arrows to form in current bar.