• Overview
  • Reviews (1)
  • Comments (12)
  • What's new


There is much speculation that standard indicators of MT4 terminal have lags. Proving otherwise I would like to present a forward-looking indicator based on standard indicators included in MT4 package. The product draws overbought/oversold channel and indicates moments when an order can be opened. I recommend opening positions in the direction of the channel slope only. The indicator is non-redrawable.

Indicator Parameters

  • MA period - number of bars used for calculation of the Moving Average indicator.
  • MA method - moving average smoothing method.
  • ATR period - number of bars used for calculation of the ATR indicator.
  • ATR multiplier - multiplier of a classical formula for calculating Stop Loss by the ATR indicator.
Maksym Mudrakov
2016.08.31 12:32 

User didn't leave any comment to the rating

Version 1.2 - 2015.02.16
Fixed the arrow position for 4 and 5-digit accounts.
Version 1.1 - 2015.02.11
- Fixed bugs.
- The signal appears 1 bar earlier.
- Added alert.