The algorithm used in this indicator takes input from Moving Average crosses and Bollinger Bands.
Can be used on all time frames and pairs.
Features alert function.
How to use:
Simply attach to any chart with default settings.
Recommended for H1 and above.
Buy on Blue Arrow after confirming MA trend line (light blue) crossing below price, and position of price within BB.
Sell on Red Arrow after confirming MA trend line (orange) crossing above price, and position of price within BB.
You can set the Arrow position separately for different crossings of the moving average above/below price. (20 recommended)
You can also set the MA trend line separately for different crossings of the moving average above/below price. Crossing of this line offers the best area to enter trades. (20 recommended)
Best results when taking higher time frames into consideration before entering trades.
Use as you see fit for your strategy.
Best results on Major Pairs, but can also be used on other pairs.
Important to note:
Please do not use this indicator haphazardly. Make sure it compliments your strategy.
Don't risk money you cannot afford to lose.
You use this indicator at your own risk. Please apply money management wisely.
Always test your strategy on a demo account before using a new indicator on a live account.
Input signal update.
Line color change