LandOfCash Forex expert advisors, Trailing EA, Indicators.

Forex Trading Expert Advisors (EA or automated trading system) and Custom Indicators (CI) for MetaTrader Platform.

LOCTrailing With Partial Close Expert Advisor protect your orders profit. Trail stop level for manual and automatic orders with different algorithms, move stop loss into breakeven. Order now for only $129.95

LOCInfo Custom Indicator follow the simple rules and make the right decision when to buy or sell. View Moving Average, Stochastic indicators from multiple time frames in one place. Download now for FREE!


Welcome Guest! To enable all features please Login or Register.

Notification

Icon
Error

Options
Go to last post Go to first unread
NCDindia  
#1 Posted : Tuesday, November 29, 2016 5:58:19 AM(UTC)
NCDindia


Rank: Member

Groups: Registered
Joined: 7/26/2016(UTC)
Posts: 12

MTS TREND indicator is a powerful VertexFX client-side indicator script to provides entry and exit signals based upon the trend and the strength of the current trend. The indicator is based upon Exponential Moving Average (EMA) and Simple Moving Average (SMA). The idea behind this indicator is to identify longer term trends, typically based on 48-bars and 104-bars. This indicator is useful on lower time-frames like M30, H1 and H4 – whereby the 104-bar is less than a week of trading data.



When both EMAs move in the same direction, it is confirmation of the current trend. As the SMA of this difference increases, it implies that the trend is getting stronger, and a strong move in the direction of the trend is further expected.

In the first step, we calculate the 48-bar Exponential Moving Average (EMA).
In the second step, we calculate the 104-bar Exponential Moving Average (EMA).
In the third step, the value of the 104-bar EMA is subtracted from the value of the 48-bar EMA.
In the fourth step, we calculate the 9-bar Simple Moving Average (SMA) of the difference calculated in step 3.
The indicator is considered to be in BEARISH (RED) mode when the 9-bar SMA is above the difference calculated in step 3.
Similarly, the indicator is considered to be in BULLISH (GREEN) mode when the 9-bar SMA is below the difference calculated in step 3.

Buy: Place Buy position when indicator bar has turned GREEN at the close of the candle. Do not place Buy trade if candle has gap-up opening. Place stop-loss below the nearest Swing Low.

Sell: Place Sell position when indicator bar has turned RED at the close of the candle. Do not place Sell position if candle has gap-down opening. Place stop-loss above the nearest Swing High.

The indicator alerts the user when a Buy or a Sell signal is generated. The alert is provided only once per candle and can occur before completion of the candle.
File Attachment(s):
4 MTS-TREND.rar (34kb) downloaded 0 time(s).
NCDindia attached the following image(s):
4 mts trend copy.jpg (224kb) downloaded 2 time(s).

You cannot view/download attachments. Try to login or register.
Rss Feed  Atom Feed
Users browsing this topic
Guest (2)
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.