Phoenix Bands
- 지표
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Ali Alkanhousch
I have been trading gold for five years. Like many traders, I bought robots that looked perfect in their ads and lost money on my account, so I started building and testing my own. - 버전: 2.10
Phoenix Bands draws volatility bands around a smooth centre line and gives a BUY or SELL signal when a candle closes outside a band and the next candle closes back inside. Wicks do not count, only closes. Every signal comes with three targets and three stops, and every level is tracked live.
Works on any symbol and timeframe: forex pairs, gold, indices and crypto, M1 to D1.
What you get
- Red upper band (sell zone), orange lower band (buy zone), dotted centre line
- Arrows on closed candles only, no repaint
- Three targets and three stops for every signal, based on volatility (ATR)
- A check mark where a target is reached and a cross where a stop is hit
- Panel with the last signal and the live status of all six levels
- Timeframe scanner: the last signal on M1, M5, M15 and H1 at the same time, with its result (you can choose the timeframes)
- Honest statistics: the success rate of target 1, target 2 and target 3 before stop 1, not only the easy first target
- Stop to entry switch: one click moves the stop to the entry after target 1, and the chart marks and statistics follow
- Popup and push alerts on a new signal
- Drag the panel anywhere, clean Phoenix chart theme, your chart colors are restored on removal
Settings
Centre line period 15, volatility period 30, band width 2.0 x ATR. Targets 0.8 / 1.6 / 3.2 and stops 1.6 / 3.2 / 5.0 x ATR(14), with a 0.1 ATR safety margin. All of them can be changed.
Please note: the statistics count a candle that touches a target and a stop at the same time as a stop. Past results do not promise future results. Use the indicator as a tool together with your own risk management.
From the developer of Phoenix Three Flames
This free tool comes from the same developer as Phoenix Three Flames, an automated Expert Advisor for gold on MetaTrader 5.
See it here: https://www.mql5.com/en/market/product/207465
Works on any symbol and timeframe: forex pairs, gold, indices and crypto, M1 to D1.
What you get
- Red upper band (sell zone), orange lower band (buy zone), dotted centre line
- Arrows on closed candles only, no repaint
- Three targets and three stops for every signal, based on volatility (ATR)
- A check mark where a target is reached and a cross where a stop is hit
- Panel with the last signal and the live status of all six levels
- Timeframe scanner: the last signal on M1, M5, M15 and H1 at the same time, with its result (you can choose the timeframes)
- Honest statistics: the success rate of target 1, target 2 and target 3 before stop 1, not only the easy first target
- Stop to entry switch: one click moves the stop to the entry after target 1, and the chart marks and statistics follow
- Popup and push alerts on a new signal
- Drag the panel anywhere, clean Phoenix chart theme, your chart colors are restored on removal
Settings
Centre line period 15, volatility period 30, band width 2.0 x ATR. Targets 0.8 / 1.6 / 3.2 and stops 1.6 / 3.2 / 5.0 x ATR(14), with a 0.1 ATR safety margin. All of them can be changed.
Please note: the statistics count a candle that touches a target and a stop at the same time as a stop. Past results do not promise future results. Use the indicator as a tool together with your own risk management.
From the developer of Phoenix Three Flames
This free tool comes from the same developer as Phoenix Three Flames, an automated Expert Advisor for gold on MetaTrader 5.
See it here: https://www.mql5.com/en/market/product/207465
