Alternative Price strategy
The main aim of this indicator lies in determining entry points.
In spite of apparent simplicity of the indicator, it has complicated analytic algorithms which determine entry points.
The indicator generates exact and timely entry signals which appear on the current candle.
Recommended to use with "my - renko.ex4" (or other) chart M2 timeframe.
- Arrow Orange: Open Buy trade.
- Arrow Blue: Open Sell trade.
Information on the Chart
- SYGNAL BUY / SYGNAL SELL - input to Buy/input to Sell.
- PROFIT 1 - basic earnings.
- PROFIT 2 - average profit.
- PROFIT 3 - big profit.
- STOPLOSS - setting stop loss.
The indicator is very easy to use. Open Buy trade when you see an up arrow. Open Sell trade when you see a down arrow.
The indicator does not repaint its values. Arrows always stay where they have appeared.
- period - indicator period = 8 to 20;
- Alerts - send alerts;
- EmailOn - send e-mail alerts.
period2 =70; Normalization period 20 to 100.