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Naked Forex Kangaroo Tail Indicator for MT4

5

Naked Forex Kangaroo Tail Indicator for MT4

Kangaroo Tail Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos.
The Kangaroo Tail is a multi-bar pattern.
The Kangaroo Tail pattern is very effective and is very simple to trade.
The strategy that comes with the Kangaroo Tail is based on price action.
The indicator does what it was designed for: displaying Kangaroo Tail patterns.  Don't expect to follow the up and down arrows and make money. Trading is not that simple. The Kangaroo Tail pattern is a starting point. The arrow is not a confirmed BUY and SELL signal in itself. The Kangaroo Tail indicator alerts you that  the market might be at a turning point now. Then you must use other elements of your strategy (trend, momentum, support/resistance, volatility, daily bias, and other indicators) to confirm the signal and place a trade.

Inputs of the indicator are:

  • Distance: distance in pixel relative to top or bottom of candle to display the arrow symbol
  • MaxBars: number of bars back used to calculate the indicator
  • TradeDirection (Long/Short/LongAndShort): filter signals for BUY and SELL
  • CandleSize: filter signals depending on the size of candle (0.5 to 1.5 recommended range of values)
  • UsePreAlerts (true/false): to enable pre-alerts
  • PreAlertsSeconds (30): time in seconds before the close of the candle when pre-alerts will be activated (pre-alerts can disappear)
  • UseConfirmedSignals (true/false): generate alerts for confirmed signals (at the close of the bar). It is required to set this value to true if you want to receive confirmed signals alerts.
  • PopAlerts (true/false): to enable alerts of type Popup window
  • EmailAlerts (true/false): to enable alerts of type Email
  • PushAlerts (true/false): to enable alerts of type Push Notification
  • SoundAlerts (true/false): to enable alerts of type Sound
  • SoundFile: file to be used for sound alerts

Trading rules:

  • For BUY: wait for a bullish Kangaroo Tail to print on a support zone after a down trend. Wait for price to break high of the Kangaroo Tail candle (5 pips above the high for H1 and higher time frames). Immediately enter in the trade once high is broken. You also can use a BUY STOP order placed 5 pips above the high of the candle (plus spread). Stop Loss should be placed below the low of the Kangaroo Tail candle. If order is not triggered in the next candle then trade is invalidated and should be canceled.
  • For SELL: wait for a bearish Kangaroo Tail to print on resistance zone after an up trend. Wait for price to break the low of the Kangaroo Tail candle (5 pips below the low for H1 and higher time frames). Immediately enter in the trade once low is broken. You also can use a SELL STOP order place 5 pips below the low of the candle. Stop Loss should be placed above the high of the Kangaroo Tail candle. If order is not triggered in the next candle then trade is invalidated and should be canceled.

The Kangaroo Tail indicator can be used with any time frame.
The Kangaroo Tail indicator can be used with any class of assets: Forex, Stocks, Indices, Futures, Commodities and Cryptos.

Comentarios 2
AlbanGAUTHE
19
AlbanGAUTHE 2023.01.18 15:21 
 

Simple but effective indicator. I like it. Would recommend it to other traders. Not all signals are good but with some simple trend filters I was able to achieve great results.

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Presentamos ON Trade Waves Patterns Harmonic Elliot Wolfe, un indicador avanzado diseñado para detectar diversas formas de patrones en el mercado mediante métodos tanto manuales como automáticos. A continuación, te explicamos cómo funciona: Patrones Armónicos: Este indicador puede identificar patrones armónicos que aparecen en tu gráfico. Estos patrones son esenciales para los traders que practican la teoría del trading armónico, tal como se popularizó en el libro de Scott Carney "Harmonic Tradi
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Supply and Demand Dashboard PRO
Bernhard Schweigert
4.81 (21)
¡Actualmente 20% OFF ! Este tablero de instrumentos es una pieza muy poderosa de software de trabajo en múltiples símbolos y hasta 9 marcos de tiempo. Se basa en nuestro indicador principal (Mejores críticas: Advanced Supply Demand ).  El tablero de instrumentos da una gran visión general. Se muestra:  Valores filtrados de Oferta y Demanda, incluyendo la calificación de fuerza de la zona, Pips distancias a / y dentro de las zonas, Destaca las zonas anidadas, Da 4 tipos de alertas para los s
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Diamond Grail
Dmitriy Kashevich
The universal indicator Diamond Grail which received such a name is not so simple! The indicator has been tested for over a year by our experts! One of the best arrow indicators that is perfect for binary options and forex trading, If you trade on binary options, the best ragtime for it is from 3 minutes to a maximum of 5 minutes An arrow appears on the previous candle. If you trade forex, then the opening time from candle to candle Forex result From 40 To 1324 pips! Profitability
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¡Este indicador es un indicador de análisis automático de ondas perfecto para el comercio práctico! La definición estandarizada de la banda ya no es una ola de personas diferentes, y se elimina el dibujo de interferencia provocada por el hombre, que juega un papel clave en el análisis riguroso del enfoque. =>Increase the choice of international style mode, (red fall green rise style)             ¡Descuento de compra actual!   Contenido del índice: 1.         Onda básica:   Primero, enco
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UPDATE: Works EXTREMELY well for EURJPY! --> more than 66% win rate monthly Guarantee! I want to introduce you the next-gen unique adaptive Binary options Indicator. This will destroy EURUSD & EURJPY The Raven is so sharp and efficient that it will pick the tops and bottoms of ANY type of market. Can also be used as a Forex Scalper. The Raven signal is based on multiple confirmation analysis. Gets confirmation from the most consistent signals known to man; Ichimoku, SMA, Bollinger Bands; and als
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Order Block Indicator MT4
Diego Arribas Lopez
5 (2)
[ Versión MT 5 ] Order Block Indicator MT5 Order Block Indicator MT4 es actualmente el indicador más preciso y personalizable del mercado. Ha sido desarrollado para facilitar el análisis de operativas basadas en Bloques de Órdenes y Zonas de Oferta y Demanda. Estas zonas son posibles puntos de reversión de un movimiento. Order Block Indicator MT4 resalta los bloques de órdenes activos de hasta 4TFs simultáneamente. A su vez, Order Block Indicator MT4 provee de un sistema de alerta visual que
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Filtro:
AlbanGAUTHE
19
AlbanGAUTHE 2023.01.18 15:21 
 

Simple but effective indicator. I like it. Would recommend it to other traders. Not all signals are good but with some simple trend filters I was able to achieve great results.

Anyelina Diaz
25
Anyelina Diaz 2022.04.28 03:25 
 

El usuario no ha dejado ningún comentario para su valoración

Respuesta al comentario
Versión 2.50 2023.07.02
New compilation
Versión 2.42 2023.01.18
Technical update - no change in the features