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Olofofo Fx Scanner

Olofofo Fx Scanner is a Custom Indicator created to scan through the currency pair it is being attached to in the market on ALL time frames simultaneously from a Minute to Monthly looking for just 3 things that make Forex trading exciting and worthwhile to invest in. Once these are found, it alerts the User immediately for a timely action on the part of the Trader. This is a self-fulfilling prophecy of the market, meaning that even if you are a newbie, by the time you see the graphical display of all that is required to trade with confidence, then you don't need a prophet to tell you that it is time to either buy or sell as the case of the signal may be.

How it works

It retrieves and gathers data directly from the market price to inform the User of what is currently happening in the market and what is MOST LIKELY to happen next since we all know that TREND is the Trader's friend and payer if its direction is gotten right and followed to a significant distance for a reward! That is what Olofofo Fx Scanner is created to do. Keeping you abreast of what is happening and about to happen next in order to help you trade along the trends and not against it.

Parameter Settings

  1. Indicator's name color - Magenta
  2. Font_Size 1 - 11
  3. Font_Size 2 - 16
  4. Font_face 1 - Arial Bold
  5. Font_face 2 - Times New Romans
  6. Moving Average 1 - 5 Period - You can change it to your preference or leave it at default value
  7. Moving Average 2 - 20 Period - You can change it to your preference or leave it at default value
  8. Select false to TURN OFF the ALERTS On Any Time Frame - True
  9. Select false to TURN OFF the SOUNDS On Any Time Frame - True
  10. Select true to turn ON Multiple orders alerts - false
  11. Select true to activate Send Mail for notifications - false
  12. Select true to turn off the Indicator - false
  13. Select true to activate Start-Trading Hour - false
  14. Set time to start trading (0-23: 24hr-Clock) - 0
  15. Select true to activate Stop-Trading Hour - false
  16. Set time to stop trading (0-23: 24hr-Clock) - 0

Time Frame: It can be placed, read and executed on any Time frame.

Features

  • Current Candle: This On-chart feature gives accurate information about the Current candle - Bullish, Bearish or flat market (consolidation).
  • Previous Candle: This On-chart feature gives accurate information about the Previous candle - Bullish, Bearish or flat market (consolidation).
  • Trend: This gives information about the current overall Trend formation either bullish or bearish trend on all the Time frames simultaneously for the traders to know exactly what is happening and most likely to happen next. As you know, Trends pay the Traders and not smartness, boasting or stories.
  • TF Signal: This is joker that crowns it all, you will have overall signal report on all time frames of the first three trend ingredients that makes it the main thing.(TF means Time frame)

How to use it

Although, it sometimes boils down to using your discretion when trading Forex is concerned but you just must trust your system. You don't have to bother yourself much about Olofofo Fx Scanner because Alerts is been attached to it and whenever any good signal setup concerning a RELIABLE TREND either up or down on all time frames simultaneously is available, it starts off with persistent Window pop-up and Sound alerts to notify the Trader.

This is how to read the four major features it operates with. Take for instance, if we are on bullish trending, all the four features: Current candle, Previous candle, Trend and TF Signal will say the same thing, i.e. shows green color and arrows objects pointing up for a great visual effects coupled with pop-up and sound alerts as seen on the Screenshots.

11 different forms of Reliable Trend formation that can be trusted have been identified for good trading experience and they are all configured to trigger alerts whenever they occur. To be sure you are on the updated chart, switch from one time frame to the other. Also as the window pop-up alerts comes up when a signal has been spotted, close it like 2 or 3 times and if it keeps coming up persistently, irrespective of what the chart may look like, go ahead and place your order according to the signal given.

Mind you, this indicator can be used to trade Stocks, Oil and Gas, ETF, Commodities, Options as long as they use charts and ride on the TRENDS!

Thanks for your interest in this product.

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Version 1.1 2019.08.05

The updates done on this Indicator are these:

* Its appearance is made to look clean and legible on the chart.

* The Indicator is now made to update according to the user's setting of preference.

* Periodical updates and chart refreshing were successfully added.

- The user can now choose the time he/she wishes for Olofofo FXM Scanner Vs 1.1 to update for fresh data retrieval.

-These are the time/periods that can be used:

=> M1 = 1, M5 = 5, M15 = 15, M30 = 30, H1 = 60, H4 = 240, D1 = 1440 & W1 = 10080 and it shall updates when the time interval reaches. Any value apart from these will not work with the indicator!

* The user can place the indicator on any time frame but it will return to the user's selected period in the parameter setting. This means that the user can select the Time-frame window he/she wants the indicator to be while it updates.

* The accounting system was made concise without confusion.

* The Symbol and Time-frame changer is added to it as a bonus for those who bought or rented this Indicator.

That is all for now.

More updates shall be coming according to the user's experience and comments.

Cheers.