Lampropeltis is a trend indicator. The algorithm of calculation is based on data from the standard indicators included in the MT4 package and interpretation of patterns formed by these indicators.
The settings include a minimum set of parameters:
- Slow MA—slow MA period;
- Fast MA—fast MA period.
Change of the signal color to red indicates the possibility of opening a Sell order.
Change of the signal color to blue indicates the possibility of opening a Buy order.
Gray means undefined direction, possible flat or changing trends.