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 | Best used with  Market Heart MT4 Version|

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







Avis 1
zakey_ahmad
73
zakey_ahmad 2021.06.26 19:29 
 

good indicator

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No Repaint Bext est un système de trading complet. Il indique quand ouvrir et fermer une position ainsi que la direction de la transaction. Chaque fois qu'une flèche verte apparaît, vous devez ouvrir une position d'achat . Toutes les positions d'achat sont fermées lorsqu'une flèche rouge apparaît. De même, chaque fois qu'une flèche rouge apparaît, une position de vente est ouverte et sera fermée lorsque la flèche verte apparaît. Le trading se fait sur l' unité de temps M5 et peut être utilisé s
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Ramil Minniakhmetov
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L'indicateur Trend Ai est un excellent outil qui améliorera l'analyse du marché d'un trader en combinant l'identification des tendances avec des points d'entrée exploitables et des alertes d'inversion. Cet indicateur permet aux utilisateurs de naviguer dans les complexités du marché forex avec confiance et précision Au-delà des signaux primaires, l'indicateur Trend Ai identifie les points d'entrée secondaires qui surviennent lors des retraits ou des retracements, permettant aux traders de capit
Currency Strength Exotics
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L'indicateur « Dynamic Scalper System » est conçu pour la méthode de scalping, permettant de trader au sein des vagues de tendance. Testé sur les principales paires de devises et l'or, il est compatible avec d'autres instruments de trading. Fournit des signaux pour l'ouverture de positions à court terme le long de la tendance, avec un support supplémentaire pour les fluctuations de prix. Principe de l'indicateur : De grandes flèches déterminent la direction de la tendance. Un algorithme de gén
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zakey_ahmad
73
zakey_ahmad 2021.06.26 19:29 
 

good indicator

Innovicient Limited
10398
Réponse du développeur ALFRED MURIITHI 2021.06.26 20:14
Thank for your review. We are humbled to have contributed to your trading 🙏💖
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