Lucky Parrot indicator shows a trend. It allows you to visually define the current price status. The histogram blue color shows the uptrend, the red one shows the downtrend.
The indicator does not repaint. By changing the Offset Factor settings, we receive more or less signals. The less the value, the more the signals.
- Applied Price - MA indicator price (0 - Close, 1 - Open, 2 - High, 3 - Low, 4 - Median, 5 - Typical, 6 - Weighted)
- MA's Period - MA indicator period
- MA's Method - MA indicator calculation method (0 - SMA, 1 - EMA, 2 - SMMA, 3 - LWMA)
- ATR's Period - ATR indicator period
- Volatility's Factor or Multiplier - volatility ratio (correction factor)
- Offset Factor - risk ratio (correction factor)
- Show alerts - enable/disable visual and sound alerts