The algorithm allows you to stay longer in a trend where the bulls or bears are in control.
The indicator changes color immediately the price exits oversold/overbought state.
In short, the downtrend [red] bars start to paint when the buying pressure decreases while the uptrend [green] bars form as the buy pressure kicks in.
- For MT4 version, follow :: https://www.mql5.com/en/market/product/68129
- Works great with the:
- Allows you to stay longer in a trend
- Does not repaint closed bars.
- Works with any timeframe
- Not oversensitive to medium price fluctuations.
- Works with any broker
How to use
- Buy when first Green bar closes. Re-enter the trend when price deeps and starts to retreat during the green state.
- Sell when first Red bar closes. Re-enter the trend when price deeps and starts to retreat during the red state.
Ideal for the following:
Other instruments where it works.
- K% Period. For Best results, use values between 25 - 100.
- D% Period. Use values between 1 - 3
- Slowing. Use values between 1 - 3
- Method. Any works fine
- Applied Price. Any works fine