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Retracement Feeder MT5

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.

MT4 version: https://www.mql5.com/en/market/product/67443

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.

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. 

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Innovicient Limited
The Chart Analyzer is an MT4 indicator that provides visual arrow signals without redrawing them. It has original entries (Blue and Red) and re-entry ones(SpringGreen and Aqua).  This indicator has been fine-tuned to work with all timeframes  and instruments .  For great results, the Chart Analyzer  is intended to be used with the Ranging Market Detector   to confirm entries. The Chart Analyzer has a number of advantages You do not need any other chart indicator to validate signals Doe
30.50 USD
Do you ever wish to know when there is volatility in the market at a glance and specifically displayed on your chart? This is what  Volatility PRO Advantage offers. Introduction price: 70% OFF How Volatility PRO Advantage works Firstly, Volatility PRO Advantage does not use lagging averaging techniques; therefore, the signals are produced at the right time, giving you enough time to plan your entry, exit, or stop loss trailing.    This indicator uses a unique algorithm that calculates the
30 USD
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Sürüm 1.2 2021.09.25
User interface improvements