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Wall Street

The indicator is developed for trading intra trading day on M30-H4, but it can be also applied on higher timeframes. The indicator paints bars in the direction of a short-term trend. Entry points are shown by arrows. Wait for a simultaneous signal to have more accurate entry points. The indicator is non-redrawable and non-lagging. Signals are generated on a closed bar.

Sell entries (short positions):

The last bar is painted red, the arrow above this bar is pointing downwards.

Buy entries (long positions):

The last bar is painted light-green, the arrow above this bar is pointing upwards.

Settings:

  • Period - indicator's period to calculate signals (arrows);
  • Deviation - indicator's deviation to calculate signals (arrows);
  • Depth - indicator's depth to calculate signals (arrows);
  • Length - indicator's period to calculate signals (histograms);
  • Price - price type to calculate the indicator (histograms);
  • Method - indicator averaging method (histograms);
  • ArrowIndent - indent from Hi-Low for the indicator (arrows);
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